	chrysler c to tender for electrospace ele chrysler corp said electrospace systems inc agreed to be uired under a merger agreement in which chrysler will tender dlrs a share for pct of the richardson texas based defense electronics contractor it said total cost to chrysler to buy all of the outstanding stock would be about mln dlrs electrospace systems designs develops and installs communications and electronic systems and equipment for the specialized needs of military and commercial customers worldwide chrysler said electrospace will help its gulfstream operations grow in military and commercial aircraft sales but it said there are no plans to merge gulfstream and electrospace rather they will operate as sister companies it said chrysler said its tender offer is expected to begin by june and will be managed by first boston corp for the fiscal year ended april electrospace systems had earnings of mln dlrs on sales of mln dlrs the company employs people about pct of its sales were to the military reuter 
