L-3 Communications Agrees to Acquire Nova Engineering.
NEW YORK -- L-3 Communications announced today that it has agreed to acquire Nova Engineering (Nova) for $45 million in cash, plus an additional purchase price not to exceed $10 million that is contingent upon Nova's future financial performance. The business is expected to generate annual sales of approximately $40 million for the year ending December 31, 2007, and will be included in L-3's Command, Control, Communications, Intelligence, Surveillance and Reconnaissance Intelligence, Surveillance and Reconnaissance may refer to:
Located in Cincinnati, OH, Nova designs and manufactures state-of-the-art communication systems for network-centric warfare and technology-driven applications. Its businesses include unattended sensor communications systems, military test and training range instrumentation and wireless modems. Nova provides software defined radios and technology for the Department of Defense (DoD) and aerospace prime system integrators, and develops application-specific digital and radio frequency (RF) chip technologies. Nova Engineering products are used with air vehicles, weapons, unmanned aerial vehicles
"Nova is a key addition to our C3ISR capabilities," said Michael T. Strianese, interim chief executive officer and chief financial officer of L-3 Communications. "The company has a premier position on critical DoD programs, including the Joint Tactical Radio System (JTRS JTRS Joint Tactical Radio System
JtRS Just The Right Shoe
JTRS Just the Right Size
JTRS Johnson Technical Reports Server
JTRS Joint Tenancy with Right of Survivorship
JTRS Jefferson Township Rescue Squad ), Tactical Remote Sensor Systems (TRSS TRSS Training Support Squadron
TRSS Tactical Remote Sensor System
TRSS Token Ring Subsystem
TRSS Tax-Related Stress Syndrome
TRSS Thailand Remote Sensing System
TRSS Teleoperator and Robotic System Simulation
TRSS Triple Screw Steamship ), the Operational Test - Tactical Engagement System (OT-TES) and the U.S. Army Spider Program."
"Nova technology and experience will enhance our existing high-performance intelligence collection, imagery processing, and satellite communications products," continued Mr. Strianese. "Their talents in communication system design, waveform processing, RF engineering, signal process, digital hardware and software development directly complement key L-3 C3ISR businesses."
Mr. Strianese also noted that Nova expands L-3's presence in a number of key platform areas. Nova provides an entree into the JTRS Cluster I, expands L-3's position on the Airborne Maritime Fixed (AMF AMF ACE (Allied Command, Europe) Mobile Force
AMF Autorité des Marchés Financiers (French)
AMF Action Message Format
AMF Arab Monetary Fund
AMF Asian Monetary Fund
AMF Autocrine Motility Factor ) (JTRS III/IV) program and enhances the company's ability to market its products into the small UAV UAV Unmanned Aerial Vehicle
UAV Unmanned Air Vehicle
UAV Unmanned Aerospace Vehicle
UAV Unmanned Airborne Vehicle
UAV Uninhabited Air Vehicle
UAV Urban Assault Vehicle
UAV Unpiloted Aerial Vehicle (less common) market.
Headquartered in New York City New York City: see New York, city.
New York City
City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , 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 Noun 1. Department of Homeland Security - the federal department that administers all matters relating to homeland security
executive department - a federal department in the executive branch of the government of the United States , selected U.S. Government intelligence agencies and aerospace prime contractors.
To learn more about L-3 Communications, please visit the company's web site at www.L-3Com.com.
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