Teledyne Continental Motors has been sold to Technify Motors, a subsidiary of AVIC International, a Chinese government-owned 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.
This is a companion discussion topic for the original entry at https://www.avweb.com/news/teledyne-continental-bought-by-chinese-interests