. cmc electronics inc. type private company industry avionics founded montreal quebec 1903 founder guglielmo marconi headquarters saint laurent quebec canada key people greg yeldon products fms efb enhanced vision system gps mission computer satcom antenna services system integration human factors number of employees 1300 worldwide parent esterline technologies corporation nyse esl website http www.cmcelectronics.ca cmc electronics inc. french cmc lectronique is a canadian electronics company and part of esterline corporation s avionics & controls business segment . the company s principal manufacturing facility is located in montreal quebec with additional facilities located in ottawa ontario and sugar grove illinois . contents 1 history 2 company structure 3 see also 4 references history edit the company was founded in 1903 as marconi s wireless telegraph company of canada by guglielmo marconi . 1 in 1925 the company was renamed canadian marconi company . in 1948 english electric purchased the uk based marconi company and in 1953 acquired 50.6 % of canadian marconi company . 1 in 1968 english electric was itself purchased by the general electric company plc gec which took control of the 50.6 % share of cmc . on november 30 1999 british aerospace completed its purchase of gec s marconi electronic systems to form bae systems . in december 1999 bae systems purchased gec s 51.6 % share of cmc in a separate transaction . in february 2000 the company changed its name to bae systems canada . in april 2001 oncap an investment group comprising onex corporation and other investors completed its purchase of bae systems canada . this saw bae systems sell its then 54 % majority share and oncap purchase the remaining 46 % publicly held shares . the company was then renamed cmc electronics since it had previously sold its rights for the marconi name to marconi plc. in 2007 after owning the company for 6 years the investment time frame initially planned by oncap cmc electronics was sold to and is now a wholly owned subsidiary of esterline corporation . 2 company structure edit cmc electronics is a wholly owned subsidiary of esterline technologies corporation reporting under esterline s avionics & controls business segment . cmc has two primary operating business units avionics products and cockpit system integration . a third business unit navcomm is canada s largest distributor of marine electronics . according to a 2009 company presentation 50 % of the company s sales go to the usa 19 % to canada and 31 % to overseas customers . it has an approximate 50 50 split between commercial sales and military sales . the president of cmc electronics is mr. greg yeldon who was appointed to the position in august 2009 . 3 see also edit bombardier aerospace com dev international h roux devtek macdonald dettwiler and associates spar aerospace viking air references edit a b cmc electronics profile . cmc electronics inc. retrieved 2007 01 12 . esterline technologies investor relations . esterline corporation . retrieved 2007 08 21 . esterline cmc electronics welcomes new president . esterline corporation . retrieved 2007 08 21 . cmc electronics news page welcomes new president retrieved from https en.wikipedia.org w index.php title cmc electronics & oldid 647078335 categories companies listed on the new york stock exchangeaerospace companies of canadacompanies based in montrealguglielmo marconisaint laurent quebechidden categories articles containing french language text navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages fran ais edit links this page was last modified on 14 february 2015 at 09 57 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view