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Sextant In Flight Systems Company

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BUSINESS
September 3, 1999 | Bloomberg News
A European company that owns a 51% stake in Sextant In-Flight Systems has acquired the remaining 49% of the Irvine-based maker of video entertainment systems for airlines. Paris-based Thomson-CSF, Europe's biggest defense electronics maker, said Thursday that one of its units bought the 49% stake from Florida-based B/E Aerospace Inc. for up to $125 million. B/E Aerospace said the transaction will allow it to focus on its other businesses and pay down debt. B/E, which is based in Wellington, Fla.
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BUSINESS
September 3, 1999 | Bloomberg News
A European company that owns a 51% stake in Sextant In-Flight Systems has acquired the remaining 49% of the Irvine-based maker of video entertainment systems for airlines. Paris-based Thomson-CSF, Europe's biggest defense electronics maker, said Thursday that one of its units bought the 49% stake from Florida-based B/E Aerospace Inc. for up to $125 million. B/E Aerospace said the transaction will allow it to focus on its other businesses and pay down debt. B/E, which is based in Wellington, Fla.
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