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SUNDSTRAND AGREES TO ACQUIRE ELECTRICAL SYSTEMS DIVISION OF WESTINGHOUSE

SUNDSTRAND AGREES TO ACQUIRE ELECTRICAL SYSTEMS DIVISION OF WESTINGHOUSE
 ROCKFORD, Ill., Jan. 21 /PRNewswire/ -- Sundstrand Corporation (NYSE: SNS) today announced that it has entered into an agreement with Westinghouse Electric Corporation (NYSE: WX), Pittsburgh, for the acquisition by Sundstrand of the Electrical Systems Division of Westinghouse, located in Lima, Ohio, and Santa Isabel, Puerto Rico, for a purchase price of approximately $125 million. The agreement is subject to the approval of the boards of directors of both companies and is subject to regulatory approval. The Electrical Systems Division of Westinghouse has annual sales of approximately $100 million.
 With 1990 sales of $1,599.8 million, Sundstrand Corporation is a market leader in the design, manufacture and sale of a variety of proprietary, technology-based components and subsystems for both aerospace and industrial markets. Sundstrand products serve manufacturers and end users on a worldwide basis.
 -0- 1/21/92
 /CONTACT: Gary Hedges of Sundstrand, 815-226-6245/
 (SNS WX) CO: Sundstrand Corporation; Westinghouse Electric Corporation ST: Illinois, Pennsylvania, Ohio IN: ARO SU: TNM


JT -- NY133 -- 2129 01/21/92 17:51 EST
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Publication:PR Newswire
Date:Jan 21, 1992
Words:178
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