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History of the manufacturer  

AEL Industries (Tracor), American Electronic Laboratories; Lansdale (PA)

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Name: AEL Industries (Tracor), American Electronic Laboratories; Lansdale (PA)    (USA)  
Abbreviation: aelindustr
Products: Model types
Summary:

American Electronic Laboratories, Inc., PO Box 552, Lansdale, PA 19446 (1965)

AEL Industries Inc., 305 Richardson Rd., Lansdale, PA 19446 (1988)

Tracor AEL Industries Inc., 305 Richardson Road, Lansdale, PA (1997)

Measurement equipment, antennas, antenna masts and mounting adaptors. Different divisions with different products.

Founded: 1950
History:

The company name was changed to AEL Industries Inc. in 1976 and American Electronic Laboratories was run as a subsidiary until at least 1985.

Following the merger with Tracor in 1996, the company was renamed to Tracor AEL.

Excerpt from a joint press release about the merger between Tracor and AEL (Austin, TX and Lansdale, PA - January 10, 1996):

"Tracor, Inc. (NASDAQ:TTRR), Austin, Texas, and AEL Industries, Inc. (NASDAQ:AELNA), Lansdale, Pennsylvania, announced today the companies have signed an amendment to their merger agreement dated October 2, 1995 that provides for the purchase of all of AEL's 4.1 million shares and share equivalents at an adjusted purchase price of $24.25 per share, representing a reduction from
the purchase price of $28 per share under the original agreement.

Tracor's decision to seek a renegotiated price followed a review and assessment by Tracor's management of AEL's recent and anticipated performance after being advised of the recently  announced losses by AEL as reflected in its third-quarter news release.

The Long Range Planning Committee of the Board of Directors of AEL concluded that it was in the best interests of AEL and its shareholders to agree to this renegotiated price in the present circumstances.  Tracor also agreed to accept other modifications to the merger agreement that were
proposed by the committee. 

"Tracor previously agreed on October 2, 1995 to pay a premium price for AEL, based on its then existing and anticipated performance," said James B. Skaggs, chairman and president of Tracor.  "We believe that AEL will make an excellent addition to Tracor's family of companies."

AEL also announced that, due to this amendment, the currently scheduled date of January 30, 1996 for AEL's Special Meeting of Shareholders is being postponed to a date to be announced.  It is
anticipated that such meeting and the closing of the acquisition will be rescheduled for mid-to-late February 1996.

AEL designs and manufactures sophisticated countermeasures, simulation, and radar-warning receiver systems; performs aircraft engineering, maintenance, and modification services for military and commercial aircraft; and provides state-of-the-art antenna, microwave, and integrated circuit components.

Tracor, with 1995 nine-month sales of $657.9 million, provides a broad range of electronic products, systems, and services for numerous U.S. government agencies primarily within the Department of Defense, other governments, and commercial customers."

This manufacturer was suggested by Wolfgang Scheida.


Some models:
Country Year Name 1st Tube Notes
USA  65 Semiconductor Circuit Tester 250    
USA  60 Test Set, Semiconductor Device AN /USM-206   The Test Set AN/USM-206 is a solid state semiconductor tester, capable of testing sem... 

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