Once completed, the deal will give L-3 a full range of training system solutions for military and commercial customers.
L-3 Services Inc. division secures a naval contract to work on submarine combat systems.
They will jointly pursue technology research and development projects to enhance complex computing capabilities.
Acquired firm specializes in submarine photonics systems, visual-landing aids, electro-optical and sensor-cueing systems.
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Deal expands L-3's base in electro-optical/infrared market, a key strategic growth area for the company.
Large and small contractors will compete for task orders to improve training services for the Army.
L-3 Communications Holdings Inc. will spin off several of its government services businesses to create a publicly traded company named Engility, the company announced today.
Key contract wins with defense customers helped L-3 retain its market share during tough economic times.
The National Security Agency is offering its scanning tools to protect e-mail and other digital communications for major defense contractors, as part of what could be an escalating cyber war.
The complicated attack might have used log-in data obtained via a phishing attack along with algorithm seed numbers taken from RSA to generate new passcodes.
Cyberattacks on several defense contractors have many in the community worried about security.