Tracor Signs Agreement To Sell Division To SIMCO
Austin, Texas-based, defense electronics manufacturer Tracor, Inc., and SIMCO Electronics, Santa Clara, Calif., announced that they have signed a definitive agreement providing for the purchase of a Tracor division by SIMCO for $7.5 million. The division, which is involved in instrument repair and callibration, is known as the Instrument Services Division, and is part of AEL Industries, Inc., acquired by Tracor in February. SIMCO CEO Lee Kenna, Jr. said that the acquisition has opened up new growth opportunities: "National geographic coverage and the technical capability of Tracor's personnel make SIMCO the largest supplier of non-warranty instrument callibration and repair in the United States, with the broadest range of technology." SIMCO Electronics provides technical services to the U.S. government and hightechnology manufacturers in the biotechnology, semiconductor, computer and aerospace industries.