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L-3 Communications Acquires Applied Signal and Image Technology, Inc.

Publication: Business Wire
Publication Date: 05-DEC-05
Format: Online
Delivery: Immediate Online Access

Article Excerpt
NEW YORK -- L-3 Communications (NYSE: LLL) announced today that it acquired Applied Signal and Image Technology, Inc. (ASIT) on November 23, 2005. The terms of the transaction were not disclosed. The business has been renamed L-3 ASIT and will report to L-3's Integrated Systems Group. The acquisition is expected to add approximately $20 million to L-3's sales in 2006 and is planned to be accretive.

Headquartered in Linthicum Heights, Maryland, ASIT specializes in the research, engineering and production of signal processing systems. ASIT designs, develops and integrates tactical communications intelligence (COMINT),...

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