(Reuters) - The elimination of AST's results will be more than offset
by stronger-than-expected performance in the Optical Systems
Group, together with accretion from the recent acquisition of
Cineflex Camera Systems, the company said.
The sale of the non-strategic business will allow Axsys to
focus on its optics business and the proceeds would be used to
pay down its existing debt, the supplier of optical components
to aerospace and defense industries added.
Read more at Reuters.com Mergers News
by stronger-than-expected performance in the Optical Systems
Group, together with accretion from the recent acquisition of
Cineflex Camera Systems, the company said.
The sale of the non-strategic business will allow Axsys to
focus on its optics business and the proceeds would be used to
pay down its existing debt, the supplier of optical components
to aerospace and defense industries added.
Read more at Reuters.com Mergers News
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