TELEDYNE-CONTINENTAL BOUGHT BY CHINESE INTERESTS


#1

Teledyne Continental Motors has been sold to Technify Motors, a subsidiary of AVIC International, a Chinese-based holding company with diverse business interests in the aerospace sector. The sale price, according to AVIC and Teledyne Technologies, was $186 million and terms of the sale included a commitment to remain in Mobile, where Continental has been on the former Brookley Air Force base since the 1960s.


#2

I don’t understand how the Justice Dept. could allow this to go thru. Afterall, it could have a profound effect on our national security. Why don’t we just sell off Boeing, Lockheed, Hughes, General Dynamics, etc., to the highest bidder off shore while we’re at it.

I guess U.S. industry really does need foreign money to stay afloat.


#3

Its a real shame. Don’t forget that Cessna’s Corvalis is made in China, disassembled and shipped to Wichita and assembled again. Shame on Cessna too.


#4

This bears repeating! How could the government allow a strategic company to be sold to the Chinese - or any other foreign country for that matter?

Oh, never mind. Answered my who question by remembering who’s in charge.


#5

ITYM SkyCatcher, not Corvalis.


#6

Your right, my error.


#7

Calling Teledyne Continental Motors a “strategic” company is more than a little hyperbole.

Only the GA engine division has been sold.