Teledyne Technologies Agrees to Sell Teledyne Continental Motors to AVIC International
Tue, 03/01/2011 - 12:00
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Teledyne Technologies Incorporated and AVIC International Holding Corporation (“AVIC International”) announce an agreement to sell Teledyne’s general aviation piston engine business to Technify Motor (USA) LTD., a subsidiary of AVIC International, for $186 million in cash. Under the transaction, AVIC International will acquire Teledyne Continental Motors, Inc. (“Continental Motors”) and Teledyne Mattituck Services, Inc.