Manufacturing Industry
EFTC And Honeywell Plan Circuit Card Deal
Electronic News, March 1, 1999
Denver -- Contract manufacturer EFTC Corp. has entered into a letter of intent to acquire the circuit card assembly operations of Honeywell's Commercial Aviation Systems Bell Road facility and to enter into a long- term supply agreement with Honeywell.
The operation would be located in Phoenix.
EFTC noted that the letter of intent does not constitute a definite agreement, but allows the parties to enter formal negotiations that are expected to be concluded in the next few weeks. Details of the transaction will be disclosed upon consummation of the final agreement, it was added.
EFTC, a provider of high mix electronic manufacturing services, is headquartered here and has facilities in Arizona, Florida, Kansas, Kentucky, Massachusetts, New Hampshire, Oregon, Tennessee, and Washington State. It provides services to OEM customers in the aerospace/avionics, medical, instrumentation, computer related, and communications industries.
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