L-3 acquires Airborne Technologies, Inc., expands UAS capability

    Aug. 11, 2010
    NEW YORK , 11 Aug. 2010. L-3 Communications (NYSE: LLL) acquired Airborne Technologies, Inc. (ATI), which provides highly specialized aeronautical engineering expertise, manufacturing, and operations support for unmanned aircraft systems (UAS). The terms of the transaction were not disclosed.
    Posted by John McHaleNEW YORK, 11 Aug. 2010. L-3 Communications (NYSE: LLL) acquired Airborne Technologies, Inc. (ATI), which provides highly specialized aeronautical engineering expertise, manufacturing, and operations support for unmanned aircraft systems (UAS). The terms of the transaction were not disclosed. ATI, headquartered in Ashburn, Va., will expand L-3's ability to serve additional key precision engagement market segments, including precision-guided unmanned systems. Currently, ATI is supporting several Department of Defense programs, and the company is a prime contractor in production of an air-launched small expendable UAS. This program will enhance L-3's UAS portfolio and aligns with the company's precision engagement market growth strategy."ATI will enhance L-3's overall position as a UAS solutions provider, adding to our portfolio of platforms, components, and technologies available for our customers," says Michael T. Strianese, chairman, president, and chief executive officer of L-3. "ATI is a leading innovator and platform provider in the small expendable UAS area, and we look forward to expanding L-3's presence in this emerging, high growth market." The acquisition is structured as an asset purchase for income tax purposes. ATI is expected to generate approximately $20 million of sales for the twelve months ending December 31, 2010.

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