Aeroflex announces sale of Huxley Envelope building for $2,400,000 net.PLAINVIEW, N.Y.--(BUSINESS WIRE)--May 16, 1995--Aeroflex Inc. (NYSE NYSE See: New York Stock Exchange Symbol: ARX) announced today that it has sold its New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. building used by its former subsidiary, Huxley Envelope Corp. The proceeds of the sale were approximately $2,400,000, net of the outstanding mortgage and other costs related to the sale. The company will report a gain from discontinued operations Discontinued operations Divisions of a business that have been sold or written off and that no longer are maintained by the business. of approximately $400,000 or $.03 per fully diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. share in its fiscal fourth quarter ending June 30, 1995. Aeroflex Inc., headquartered in Plainview, Long Island, designs and manufactures advanced electronics systems and components, including microelectronics, instrument products, and electro-optical devices, primarily for the government and the defense industry. It also designs and manufactures shock and vibration stabilizing systems used for commercial, industrial, and defense applications. CONTACT: Aeroflex Inc. Michael Gorin, 516/694-6700 |
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