Ducommun Inc. said it signed a letter of intent to sell its Metermaster unit to E.I.L. Instruments Inc. for about $8 million in cash.
Cypress-based Ducommun said the agreement is subject to the approval of directors of both companies and the completion of a definitive agreement.
A final agreement is expected by month's end, Ducommun said, with completion of the transaction by mid-December.
Metermaster, which is based in Los Angeles, distributes and services test and measurement instruments. The unit posted 1985 sales of about $20 million and expects about the same performance this year, a Ducommun spokesman said.
E.I.L. also distributes and services test measurement equipment. The company, headquartered in Sparks, Md., posted 1985 sales of about $50 million.