L-3 to Acquire Micreo Limited
L-3 Communications announced that it has agreed to acquire Micreo Limited, an Australian specialist in electronic warfare subsystems. Micreo provides high-performance microwave, millimeter wave and photonic technology for various ISR and EW applications. In addition, the company has counter-IED capabilities. The business, which will be integrated into L-3’s Electronic Systems Segment and renamed L-3 Micreo, is projected to generate $27 million of revenue in 2017 and be accretive to earnings. Deal terms were not disclosed.
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