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Latest TT Electronics Stock News | OTC:TTGPF | Benzinga

TT Electronics PLC provides engineered electronics for performance-critical applications across Healthcare, Aerospace and Defense, Automation and electrification, and Distribution markets. It operates in three segments: Power and Connectivity, Global Manufacturing Solutions, and Sensors and Specialist Components. Its products consist of connectors, optoelectronics, resistors, semiconductors, and electromagnetics. Its brands include AB Connectors, Aero Stanrew, Power Partners, Semelab, Welwyn Components, and Precision. The geographical segments are the United Kingdom, the Rest of Europe, North America, Asia, and the Rest of the World. It generates maximum revenue from Global Manufacturing Solutions, which provides manufacturing services and engineering solutions.

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Elbit Systems Sells Power And Control Business Of Ferranti In The UK For $12M

TT ELECTRONICS PLC ORD by TT Electronics PLC

TT Electronics PLC

TT Electronics

<ul>
	<li>Elbit Systems Ltd&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESLT#NASDAQ">ESLT</a>) U.K. subsidiary, Elbit Systems UK Ltd.,&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/22/01/n24964064/elbit-systems-reorganizes-uk-activities" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">sold the Power and Control Business of its subsidiary Ferranti Technologies</a>&nbsp;Ltd to&nbsp;TT Electronics&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/TTGPF#OTC">TTGPF</a>) for ~$12 million in cash.</li>
	<li>Elbit Systems plans to integrate the remaining business of Ferranti, including training and simulation, avionics, display systems, aircrew survival systems, platform protection, and computing, into Elbit Systems UK.</li>
	<li>The company noted the reorganization as part of its strategy to focus activities on specific areas to support expanding operations and collaborations in the U.K.</li>
	<li>Price Action:&nbsp;ESLT shares closed higher by 0.49% at $176.89, and TTGPF higher by 5.86% at $3.25 on Friday.</li>
</ul>

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Latest TT Electronics Stock News | OTC:TTGPF | Benzinga

Monday, January 10, 2022

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