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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): OCTOBER 18, 1995
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ESTERLINE TECHNOLOGIES CORPORATION
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(Exact Name of Registrant as Specified in Charter)
Delaware 1-6357 13-2595091
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(State or Other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification No.)
10800 NE 8th Street, Bellevue, Washington 98004
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(Address of Principal Executive Offices) (Zip Code)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (206) 453-9400
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NOT APPLICABLE
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(Former Name or Former Address, if Changed Since Last Report)
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ITEM 5. OTHER EVENTS
The Registrant's press release dated October 18, 1995 is attached as Exhibit 99
to this Report.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
Exhibit Sequential
Number Description Page No.
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99 Press release issued by the Registrant on 4-5
October 18, 1995
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
ESTERLINE TECHNOLOGIES CORPORATION
Registrant
Date: October 18, 1995 By: /s/ Robert W. Stevenson
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Robert W. Stevenson
Executive Vice President and Chief
Financial Officer, Secretary and
Treasurer
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[ESTERLINE TECHNOLOGIES LETTERHEAD]
[ESTERLINE
LOGO] ______________________________________________________________________
NEWS
FOR IMMEDIATE RELEASE
Contact: Brian D. Keogh
206/453-9400
ESTERLINE TECHNOLOGIES ANNOUNCES
SUSPENSION OF PUBLIC OFFERING
BELLEVUE, Wash., October 18--Esterline Technologies (NYSE/ESL)
today announced that it would not proceed with its proposed 1,800,000
share offering of its Common Stock at the current time.
Esterline's CEO Wendell P. Hurlbut said that Esterline has become
aware of irregularities in the allocation of certain labor hours at
its Armtec Defense Products subsidiary. He said that Armtec late
yesterday voluntarily notified the Department of Defense Office of
Inspector General of the irregularities and made a request to be
admitted to the Defense Department's Voluntary Disclosure Program.
For the fiscal year ended October 31, 1994, Armtec's sales represented
approximately 9% of Esterline's sales.
Hurlbut said, "...currently we are thoroughly investigating the
issue and have not determined what, if any, effect it may have on
Esterline's financial condition or results of operations. Under the
circumstances, we decided it would not be appropriate to proceed with
the offering at this time."
(more)
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PAGE 2--ESTERLINE TECHNOLOGIES ANNOUNCES SUSPENSION OF OFFERING
Armtec, located in Coachella, Calif., manufactures molded fiber
cartridge cases, mortar increments and other combustible ammunition
components for the U.S. Armed Forces and licenses such technology to
foreign defense contractors and governments. Armtec currently is a
principal U.S. producer of combustible ordnance products utilized by
the U.S. Army.
Esterline is a leading manufacturer of automated equipment for
the production of printed circuit boards and metal fabrication;
instrumentation for quality and process control; and engineered
products for the commercial aircraft, aerospace and defense
industries.
