COLT INDUSTRIES <COT> TO SELL BRITISH UNIT
  Colt Industries Inc said it signed a
  conditional agreement to sell its Woodville Polymer Engineering
  Ltd subsidiary in Great Britain to the Dowty Group PLC of
  Gloucestershire, England, for 35.9 mln stg.
      The deal is scheduled to close by the end of June, the
  company said.
      Woodville, which makes high technology precision products
  for aerospace, automotive and other industries, had 1986 sales
  of about 24 mln stg, it said.