	lear siegler holding to divest aerospace unit forstmann little and co said lear siegler holding corp plans to divest its aerospace group subsidiary comprised of the defense electronics group and the components group divestitures had been expected since lear siegler a diversified conglomerate was uired last december in a billion dlr leveraged buyout by the wall street firm of forstmann little lear s aerospace group revenues for fiscal are expected to be about mln dlrs said forstmann the defense electronics group designs and manufactures weapons management systems flight control systems remotely piloted vehicles and reference and navigation systems mainly for military markets the defense group subsidiaries are astronics corp which is based in santa monica calif and employs people instrument and avionic systems corp based in grand rapids mich and employs people international corp based in stamford conn and employs people and development sciences corp based in ontario calif and employs people the components group manufactures pumps bearings and other industrial components as well as nuclear control drive rod mechanisms and valves the group s subsidiaries include power equipment corp based in cleveland which employs people energy products corp based in santa ana calif which employs people romek corp based in elyria ohio which employs people and transport dynamics in santa ana which employs people overall lear s aerospace group s eight subsidiaries employs people lear siegler said it plans to retain management services corp engaged in aircraft maintenance modification for various department of defense agencies morgan stanley and co will act as financial advsiors for the group s divestitures last month lear siegler said it planned to sell its smith and wesson handgun business starcraft recreational products ltd the peerless truck trailer operations and other units as part of its restructuring plans lear apparently will retain its piper aircraft unit reuter 
