L-3 ac­quires Miteq Inc

SP's MAI - - CORPORATE -

L-3 Com­mu­ni­ca­tions (LLL) 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, New York, and the new or­gan­i­sa­tion will be called L-3 Narda-Miteq.

The com­bined L-3 Narda-Miteq busi­ness will em­ploy ap­prox­i­mately 700 peo­ple, pro­vid­ing prod­ucts for the US mil­i­tary, gov­ern­ment agen­cies, prime con­trac­tors and com­mer­cial cus­tomers.

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