L-3 Acquires MITEQ, Inc.

L-3 Communications announced that it acquired the assets of MITEQ, Inc. on January 21, 2015 for $41 million, subject to customary adjustments. The business will be combined with L-3’s Narda Microwave-East business located in Hauppauge, N.Y., and the new organization will be called L-3 Narda-Miteq.

The Miteq business develops and manufactures specialized RF microwave products and solid-state SATCOM components that complement the existing Narda product line. The combined L-3 Narda-Miteq business will employ approximately 700 people, providing products for the U.S. military, government agencies, prime contractors and commercial customers. The Miteq acquisition is expected to generate approximately $60 million in sales for the year ending December 31, 2015.

“Miteq adds key products, technical capabilities and other synergies, strong engineering talent and new customers to L-3’s Advanced Communications sector within our Communication Systems segment,” said John S. Mega, president of L-3 Communication Systems. “Together, Narda-Miteq is a stronger and more scalable supplier that creates cross-selling opportunities and helps us build strategic partnerships with our expanding customer base.”

 

Check Also

How Military Response Portrayed the Sequels of Arab Spring Revolutions?

Dalia Ziada This year marks the tenth anniversary of the Arab Spring. A whole decade …

Leave a Reply

Your email address will not be published. Required fields are marked *