Photo: Miteq
[Via Satellite 01-23-2015] L-3 Communications has acquired Miteq, manufacturer of specialized RF microwave products and solid-state components for satellite communications, for $41 million, subject to customary adjustments. Miteq will be merged with L-3’s Narda Microwave-East business, which will be renamed L-3 Narda Miteq.
L-3 expects the Miteq acquisition to create roughly $60 million in sales for the year ending Dec. 31. The new Narda-Miteq business will focus on products for the U.S. military and government agencies, prime contractors and other commercial customers. Narda-Miteq will employ approximately 700 people.
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http://www.satellitetoday.com/technology/2015/01/23/l-3-buys-miteq-for-41-million/