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Feb 9th, 2012
 
L-3 completes acquisition of Kollmorgen Electro-Optical
 
L-3 Communications (NYSE: LLL) announced that it completed the acquisition of the Kollmorgen Electro-Optical unit of Danaher Corporation on February 6, 2012.
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The acquired business will conduct business under the name of L-3 KEO. The company paid $210 million, subject to certain contractual adjustments to the purchase price. L-3 KEO develops and manufactures specialized equipment, including submarine photonics systems and periscopes, ship fire control systems, visual landing aids, ground electro-optical and sensor-cueing systems and is headquartered in Northampton, Mass.

Headquartered in New York City, L-3 Communications employs approximately 61,000 people worldwide and is a prime contractor in C3ISR (Command, Control, Communications, Intelligence, Surveillance and Reconnaissance) systems, aircraft modernization and maintenance, and government services. L-3 is also a leading provider of a broad range of electronic systems used on military and commercial platforms. The company reported 2011 sales of $15.2 billion.

To learn more about L-3, please visit the company's website at www.L-3com.com. L-3 uses its website as a channel of distribution of material company information. Financial and other material information regarding L-3 is routinely posted on the company’s website and is readily accessible.

 

 
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