Cobham has successfully completed the purchase, originally announced on 21 November 2007, of S-TEC Corporation from Meggitt for $38m on a debt and cash free basis.
The transaction was completed following approvals from the Committee on Foreign Investments in the United States (CFIUS).
S-TEC designs, certifies and manufactures autopilots for general aviation aircraft, ranging from small single-engined to light commuter aircraft.
Based at
According to Dorset-based Cobham, S-TEC is an ‘excellent technological and market fit’ in the development of a Cobham cockpit of avionics.
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