SOUTHFIELD, Mich. (May 1)—Federal-Mogul Corp. divested its second business in just over a week's time. Federal-Mogul Ignition Co. has agreed to sell its Champion aviation ignition products division to TransDigm Inc., a supplier of highly engineered aircraft components for use on nearly all commercial and military aircraft. Terms of the agreement, which should close during the second quarter, were not released. The sale follows Federal-Mogul's divestiture of the torque converter business it acquired in 1998 when it purchased Fel-Pro Inc.
Federal-Mogul Corp. divests aviation ignition products division
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