July 20, 2018 / 5:39 PM / a year ago

Esterline Technologies exploring potential sale -WSJ

July 20 (Reuters) - Aerospace parts maker Esterline Technologies Corp is exploring a potential sale, Wall Street Journal reported here on Friday, citing people familiar with the matter.

The process is at an early stage and there is no guarantee the company will reach a deal, according to the report.

Shares of the company, which has a market capitalization of more than $2 billion, were up 9.5 percent at $82.65 in afternoon trading.

The company makes cockpit components and sensors for commercial jetliners, business jets and military aircraft such as the Lockheed Martin F-35 fighter jets.

Esterline was not immediately available to comment. (Reporting by Sanjana Shivdas in Bengaluru; Editing by Anil D’Silva)

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