LOS ANGELES, Oct. 22 -- Celeritek shareholders Thursday approved the sale of its the company's defense electronics business to a subsidiary of Teledyne Technologies for $33 million in cash.

Celeritek's defense electronics business designs andmanufactures gallium arsenide-based RF and microwave components and subassemblies for electronics warfare, radar and other military applications. Teledyne intends to relocate the business from Santa Clara, CA, and consolidate it with Teledyne Microwave in Mountain View, CA.

The division had sales of $19.7 million for its fiscal year ended March 31. Teledyne expects this acquisition to be neutral to earnings in 2004.

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