NEOAX <NOAX> TO SELL NOVATRONICS FOR 20 MLN DLRS Neoax Inc said it has agreed to sell the assets and business of its Novatronics Division to Veeco Instruments Inc <VEE> for 20 mln dlrs. Neoax said it expects a gain of about nine mln dlrs on the transaction which is expected to becomleted during the second quarter, adding the gain will be sheltered by its tax loss carryforwards. Novatronics makes military-specification power supplies and avionics components for various prime government defense contractors. It had 1986 sales of 21 mln dlrs.