Cobham Buys S-Tec
British-owned Cobham PLC, which owns Chelton, Comant, Artex Aircraft Supplies and Wulfsberg Electronics, among other things, has purchased autopilot maker S-Tec from Meggitt PLC, also from Britain, for $38 million. The deal was concluded last week and the capacity that S-Tec adds to Cobham’s aviation portfolio were front and center in the announcement. “The close […]