Bucks firm working on F-35 warplanes Trump questioned is sold for $233M: Update

Curtiss-Wright Corp., Charlotte, N.C., has completed its $233 million cash purchase of Teletronics Technology Corp., a Newtown Township company that makes flight testing and recording systems for big war machines including the U.S. military's F-35 fighter jet.

The potential cost of the F-35, which is designed to operate across the military services for a variety of missions, was questioned by President-elect Donald Trump last month.  Trump wrote that he'd asked Boeing to price an alternative to the F-35, whose production is led by Lockheed Martin.

Greenberg led a team including colleagues Jonathan Smith, Bill Frame and Jason Levy at Fairmount Partners LP of Philadelphia advising Teletronics in the sale. Yves Quintin of Duane Morris, longtime legal adviser to the firm, was  counsel in the deal.