Thu, Aug 09, 2012
Transaction Completed Monday Worth About $130 Million
L-3 Communications has completed the acquisition of Thales Training & Simulation Ltd’s civil aircraft simulation and training business effective August 6, 2012. The company paid approximately $130 million, subject to certain contractual adjustments to the purchase price, and was funded with cash on hand.
The business, which is now known as L-3 Link Simulation & Training U.K. Limited, will become a part of L-3’s existing Link Simulation & Training division, which is part of L-3’s Electronic Systems Group. L-3 Link Simulation & Training U.K. Limited has its main office and production facility in Crawley, U.K., and has a global customer base. The unit’s civil aircraft simulation solutions feature a suite of devices that meet every aspect of flight and maintenance crew training requirements.
Headquartered in New York City, L-3 Communications employs approximately 51,000 people worldwide and is a prime contractor in C3ISR (Command, Control, Communications, Intelligence, Surveillance and Reconnaissance) systems, aircraft modernization and maintenance, and national security solutions. L-3 is also a leading provider of a broad range of electronic systems used on military and commercial platforms.
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