Computer & Communications Technology Corp. has completed...
- Share via
Computer & Communications Technology Corp. has completed the previously announced sale of its Zeta Laboratories division to Lucas Aerospace of Reston, Va., for $15.8 million.
Zeta, which makes microwave telecommunications products, has been a source of problems for CCT for more than two years. A previous deal to sell Zeta to Whittaker Corp. fell through after it was learned that Zeta had wrongfully billed customers for defense-related work.
A subsequent settlement paid by CCT to the government and to a shareholder group that filed suit against CCT for alleged securities violations cost the company millions of dollars.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
