CHRYSLER <C> TO TENDER FOR ELECTROSPACE <ELE> Chrysler Corp said Electrospace Systems Inc agreed to be acquired under a merger agreement in which Chrysler will tender 27 dlrs a share for 100 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 367 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 25 and will be managed by First Boston Corp. For the fiscal year ended April 3, 1987, Electrospace Systems had earnings of 10 mln dlrs on sales of 191 mln dlrs. The company employs 2,500 people. About 92 pct of its sales were to the military.