AEROSPACE
Tracor to Buy GDE Systems: The company said it agreed to acquire another defense electronics concern, San Diego-based GDE Systems Inc., from an investor group led by the Carlyle Group for cash and securities totaling $98 million. GDE, which was once part of General Dynamics Corp., also has interests in high-resolution satellite remote imaging technology in a venture with Litton Industries and Orbital Sciences. Tracor Inc., based in Austin, Tex., said GDE will remain headquartered in San Diego, where it employs 1,300 people.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.