L-3 completes Miteq acquisition
L-3 Communications completed its acquisition of Miteq for $41 million on 21 January, subject to customary adjustments. Its Narda Microwave-East business will be combined with Miteq to form L-3 Narda-Miteq.
L-3 Narda-Miteq will offer Miteq's specialised RF microwave products and solid-state SATCOM components for the US military, government agencies, prime contractors and commercial customers. The acquisition is expected to generate approximately $60 million in sales for the year ending 31 December 2015.
John Mega, president, L-3 Communication Systems, said: 'Miteq adds key products, technical capabilities and other synergies, strong engineering talent and new customers to L-3's Advanced Communications sector within our Communication Systems segment.'
More from Digital Battlespace
-
Norway to receive maritime surveillance satellite data from Kongsberg
Norway's Kongsberg Defence and Aerospace has announced that its subsidiary Kongsberg NanoAvionics will produce three satellites and launch them in 2025.
-
First South Korean 425 Project observation satellite launched
In 2015, South Korea named a consortium of Korea Aerospace Industries (KAI) and Hanwha Systems, along with Thales Alenia Space providing the SAR payload derived from its HE-R1000 product, as preferred bidder to develop new Korea 425 Project reconnaissance satellites.
-
German military introduces central command and new cyber branch
The German defence minister claimed the reforms would mean the 2025 military budget would require an additional €6.5 billion (US$7 billion).
-
Hanwha Phasor’s first military antenna to hit market this year
UK-based company will launch the Phasor L3300B land antenna for mobile communications following a US$113.7 million investment from parent firm Hanwha.
-
Thales strengthens focus on digital trust environments for military operations
At the Future Soldier Technology Conference, Thales Land Communications highlighted the necessity of establishing a digital trust environment to enhance armed forces’ decision-making and operational resilience.