L-3 closes EOTech purchase

L-3 Communications Inc. has closed its all-cash, $49 million purchase of EOTech Inc., a maker of advanced weapon sights.

The Ann Arbor, Mich., company?renamed L-3 Communications EOTech Inc. following the purchase?designs, manufactures and markets electro-optical products and systems that use advanced laser and holographic technology to enhance optical systems in various weapons platforms. The deal with L-3 closed Oct. 31.

The weapon sights are sold to domestic and international military customers as well as the homeland security and law enforcement markets.

The acquired business is expected to add about $25 million to L-3's 2006 sales.

L-3 Communications has more than 44,200 employees and annual sales of $6.9 billion. The company ranks No. 15 on Washington Technology's 2005 Top 100 list, which measures federal contracting revenue.

About the Author

William Welsh is a freelance writer covering IT and defense technology.

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here
close

Trending

  • Dive into our Contract Award database

    In an exclusive for WT Insider members, we are collecting all of the contract awards we cover into a database that you can sort by contractor, agency, value and other parameters. You can also download it into a spreadsheet. Our databases track awards back to 2013. Read More

  • Navigating the trends and issues of 2016 Nick Wakeman

    In our latest WT Insider Report, we pull together our best advice, insights and reporting on the trends and issues that will shape the market in 2016 and beyond. Read More

contracts DB

Washington Technology Daily

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.