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.