Aerospace and defense company ARINC Inc. has been put up for sale by the Carlyle Group L.P., which has hired J.P. Morgan Chase & Co. (JPM) and Evercore Partners Inc. (EVR) to handle the process, Reuters reported Monday on its website, citing people familiar with the matter.

A sale could fetch up to $1.5 billion, the people said. Carlyle acquired the company in 2007 for an undisclosed sum.

Carlyle declined immediate comment to Reuters and J.P. Morgan and Evercore declined comment.

Full story at: www.reuters.com/article/2013/02/25/us-arinc-carlyle-idUSBRE91O1AC20130225

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