The U.S. subsidiary of British aerospace and defense giant BAE Systems and Esterline of Washington state have agreed to a $28 million deal over Esterline’s Eclipse Electronic Systems business. The news came late Dec. 11 as Esterline, a major supplier of avionics, controls, sensors and engineered materials, updated Wall Street on its fiscal 2015 financial outlook and ongoing turnaround effort. All in all traders did not take it well, sending the company’s shares down almost 12% on ...

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