NEW YORK CITY, 17 Nov. 2005. L-3 Communications announced today it had completed the acquisition of EOTech, Inc. for approximately $49 million in cash.
The acquired business, renamed L-3 Communications EOTech, Inc. (L-3 EOTech), is expected to add approximately $25 million to L-3's sales for 2006 and be slightly accretive to L-3's earnings.
Headquartered in Ann Arbor, Mich., L-3 EOTech designs, manufactures and markets electro-optical products and systems. Using advanced laser and holographic technology to enhance optical systems in target acquisition systems, the company produces holographic weapon sights for sale to both domestic and international military customers, as well as the homeland security and law enforcement markets. L-3 EOTech invented and manufactures the world's first holographic sighting system to interface with tactical small and medium caliber weapon platforms. For more information, see www.eotech-inc.com.
Headquartered in New York City, L-3 Communications is a leading provider of Intelligence, Surveillance and Reconnaissance (ISR) systems, secure communications systems, aircraft modernization, training and government services. The company is a leading merchant supplier of a broad array of high technology products, including guidance and navigation, sensors, scanners, fuzes, data links, propulsion systems, simulators, avionics, electro optics, satellite communications, electrical power equipment, encryption, signal intelligence, antennas and microwave components.
L-3 also supports a variety of Homeland Security initiatives with products and services. Its customers include the Department of Defense, Department of Homeland Security, selected U.S. Government intelligence agencies and aerospace prime contractors. For more information, see www.L-3Com.com.