Esterline buys into integration
Esterline Corporation’s $335 million acquisition of Canada’s CMC Aerospace three months ago has in no small part played a role in the company’s record stoc

Esterline Corporation’s $335 million acquisition of Canada’s CMC Aerospace three months ago has in no small part played a role in the company’s record stock performance of late, and for good reason, according to Esterline CEO Bob Cremin.   
“I think that’s the market’s favorable reaction to CMC joining with Esterline,” said Cremin. “With CMC our current run rate is, the analysts are saying, in the vicinity of about $1.25 billion a year.”

The combination adds one of the aerospace industry’s leading cockpit integrators to Esterline’s portfolio of more than 35 business units, instantly giving it a level of engineering expertise that might otherwise taken years to accumulate. Esterline has long made its presence felt in aerospace power distribution and materials. Now it appears better prepared to enter the arena of the industry’s leading Tier One systems integrators.