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News

Night vision vendor acquisition forms L-3 EOS

L-3 Communications : 23 April, 2008  (Company News)
Electro Optical Systems acquired by L-3 Communications bringing night vision expertise to the company.
L-3 Communications has completed the acquisition of Northrop Grumman's Electro-Optical Systems (EOS) business for $175 million in cash. The acquired business, renamed L-3 EOS, is a leading provider of night vision technology and electro-optical products for military, commercial and public safety customers, and is expected to be accretive to L-3's earnings in 2008. The transaction closed on April 21, 2008.

Headquartered in New York City, L-3 Communications employs over 64,000 people worldwide and is a prime contractor in aircraft modernization and maintenance, C3ISR (Command, Control, Communications, Intelligence, Surveillance and Reconnaissance) systems and government services. L-3 is also a leading provider of high technology products, subsystems and systems. The company reported 2007 sales of $14 billion.

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