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Eaton to Buy PerkinElmer's Aerospace Division for $333M

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CLEVELAND, Oct. 7 -- Industrial manufacturer Eaton Corp. has reached an agreement with PerkinElmer Inc. to purchase its aerospace division for $333 million. The transaction is expected to close later this year. PerkinElmer manufactures products and systems within three business units: life and analytical sciences, optoelectronics and fluid sciences, which includes the aerospace division. Based in Beltsville, Md., PerkinElmer's aerospace division provides sealing and pneumatic systems for large commercial aircraft and regional jets. Its products are used in aircraft engines, fuel systems,...Read full article

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