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What: Shares of aerospace and defense parts supplier Esterline Technologies
So what: According to the Daily Mail, a London newspaper, Esterline could be attracting the attention of BAE Systems (OTC: BAESY), Boeing
Now what: Right now, the thing to remember is that this is all speculation at this point. Boeing would make a solid choice with it and Esterline's large presence in my home city of Seattle. Lockheed is looking for other avenues of growth with the U.S. government cutting billions out of its budget, and Esterline may be a good fit there as well. As for BAE Systems, I'm not as certain it would make the optimal purchaser and, according to yesterday's report from The Guardian, BAE may be entertaining an offer of its own. Again, more unconfirmed rumors leading the trade.
As of now I'm happy taking a wait-and-see approach here; why chase Esterline higher?
Craving more input? Start by adding Esterline Technologies to your free and personalized watchlist so you can keep up on the latest news with the company.
Fool contributor Sean Williams has no material interest in any companies mentioned in this article. You can follow him on CAPS under the screen name TMFUltraLong, track every pick he makes under the screen name TrackUltraLong, and check him out on Twitter, where he goes by the handle @TMFUltraLong.
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