M&A Deal Summary

L-3 Communications Acquires Northrop Grumman Electro-Optical Systems

On April 22, 2008, L-3 Communications acquired aerospace company Northrop Grumman Electro-Optical Systems from Northrop Grumman for 175M USD

Acquisition Highlights
  • This is L-3 Communications’ 7th transaction in the Aerospace sector.
  • This is L-3 Communications’ 6th largest (disclosed) transaction.
  • This is L-3 Communications’ 16th transaction in the United States.
  • This is L-3 Communications’ 1st transaction in Texas.

M&A Deal Summary

Date 2008-04-22
Target Northrop Grumman Electro-Optical Systems
Sector Aerospace
Buyer(s) L-3 Communications
Sellers(s) Northrop Grumman
Deal Type Divestiture
Deal Value 175M USD

Target

Northrop Grumman Electro-Optical Systems

Garland, Texas, United States
Electro-Optical Systems, is a provider in night vision technology and electro-optical products for military, commercial and public safety customers.

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Buyer(S) 1

Buyer

L-3 Communications

New York, New York, United States

Category Company
Founded 1997
Sector Technology Hardware
Employees38,000
Revenue 9.6B USD (2017)
DESCRIPTION

L3 Technologies, Inc. is an american company that supplies command and control, communications, intelligence, surveillance and reconnaissance systems and products, avionics, ocean products. L3 Technologies was founded in 1997 and is based in New York.


DEAL STATS #
Overall 20 of 45
Sector (Aerospace) 7 of 14
Type (Divestiture) 5 of 8
State (Texas) 1 of 2
Country (United States) 16 of 36
Year (2008) 2 of 3
Size (of disclosed) 6 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-14 HSA Systems Pty

North Sydney, Australia

HSA Systems Pty Ltd., is a provider of geospatial, marine and electronic systems for maritime and defense customers. HSA compiles, produces and maintains nautical charts, and supplies customized software and IT systems for the Australian Hydrographic Services, the Royal Australian Navy and Land Information New Zealand. The data collected and maintained by HSA is used by the maritime industry to identify the details of ocean and coastal areas, including the identification of navigational hazards, tides and currents, to provide real-time information for vessel tracking.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-09 Medical Education Technologies

Sarasota, Florida, United States

Medical Education Technologies, Inc. is an interactive human patient simulation. More than 2000 organizations worldwide utilize METI’s technology including leading medical schools such as the Mayo Clinic, Harvard, Cornell, Stanford and others.

Sell -

Seller(S) 1

SELLER

Northrop Grumman

Falls Church, Virginia, United States

Category Company
Founded 1939
Sector Aerospace
Employees101,000
Revenue 39.3B USD (2023)
DESCRIPTION
Northrop Grumman office in Columbia, Maryland.
Northrop Grumman office in Columbia, Maryland.

Northrop Grumman provides technologically advanced, innovative products, services, and integrated solutions in aerospace, electronics, information and services to our global customers. Northrop Grumman participates in many high-priority defense and government services technology programs in the United States and abroad as a prime contractor, principal subcontractor, partner, or preferred supplier. The Company conducts most of its business with the U.S. Government, principally the Department of Defense (DoD) and intelligence community. Northrop Grumman also conducts business with local, state, and foreign governments and domestic and international commercial customers. Northrop Grumman was formed in 1939 and is based in Falls Church, Virginia.


DEAL STATS #
Overall 10 of 14
Sector (Aerospace) 5 of 5
Type (Divestiture) 10 of 14
State (Texas) 1 of 1
Country (United States) 9 of 12
Year (2008) 1 of 1
Size (of disclosed) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-01 Scaled Composites

Mojave, California, United States

Scaled Composites LLC, is an aerospace and specialty composites development company located in Mojave, California., with broad experience in vehicle design, tooling, and manufacturing; specialty composite structure design, analysis and fabrication; and developmental flight test.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-09-10 3001 International

Fairfax, Virginia, United States

3001 International provides geospatial data production and analysis, including airborne imaging, surveying, mapping and geographic information systems for domestic and international government intelligence, defense and civilian customers.

Buy -