Esterline Technologies, the large but low-profile Bellevue-based aerospace supplier, is exploring a sale as the industry undergoes consolidation, The Wall Street Journal reported online Friday.
The news sparked a 10 percent surge in Esterline’s share price, which has skidded along since dropping 20 percent in November after the company disappointed investors for the second successive quarter. Shares closed Friday at $83, up $7.55.
The company employs 1,000 at locations in Everett and Kent as well as Bellevue, and has a
ADVERTISEMENT
ADVERTISEMENT