payable on completion. The purchase is anticipated to complete before the year end, subject to regulatory approval. S-TEC designs, certifies and manufactures autopilots for general aviation aircraft, ranging from small single-engined to light commuter aircraft. Based at Mineral Wells Airport in Texas, USA, S-TEC has a workforce of 180 people, including many skilled avionics engineers who are capable of supporting the development of Cobham products. S-TEC is an excellent technological and market fit in the development of a Cobham cockpit of avion...