L-3 Communications (LLL) to Acquire Aerosim; No Terms
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L-3 Acquires Aerosim
October 4, 2016 11:31 AM EDTNEW YORK--(BUSINESS WIRE)-- L-3 Communications (NYSE: LLL) announced today the acquisition of Aerosim, including Aerosim Technologies, Inc. (Aerosim Technologies) located in Burnsville, Minnesota, and Aerosim Flight Academy, Inc. (Aerosim Academy) located in Sanford, Florida. The acquisition was completed on September 30, 2016 and terms were not disclosed. Following the acquisition, Aerosim will be integrated into the L-3 Commercial Training Solutions (L-3 CTS) division of the companys Electronic Systems business segment and will be renamed L-3 Aerosim-CTC. Aerosim is projected to generate approximately $50 million in sales for the year ending December 31, 2017 and to be accretive to L-3s earnings.... More
