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Stock Market & Financial Investment News

News Breaks
March 5, 2014
09:02 EDTLLLL-3 Communications acquires Data Tactics
L-3 Communications announced that it has acquired Data Tactics. The business, renamed L-3 Data Tactics, is a specialized provider of Big Data analytics and cloud computing solution services, primarily to the U.S. Department of Defense. Headquartered in McLean, Virginia, Data Tactics employs approximately 200 people, including more than 150 data scientists, engineers, architects and developers, most of whom possess U.S. government security clearances. The business is expected to generate sales of approximately $50M for the year ending December 31.
News For LLL From The Last 14 Days
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December 16, 2014
06:12 EDTLLLL-3 Communications to sell MSI business to Wärtsilä for EUR285M
L-3 Communications announced that it has entered into a definitive agreement with Wärtsilä to sell its Marine Systems International, or L-3 MSI, business. The transaction is anticipated to be completed in the Q2 of FY15, subject to customary closing conditions and regulatory approvals. The transaction, with a base purchase price of EUR285M, is subject to customary adjustments and an estimated reduction of EUR60 million for L-3 MSI employee pension-related liabilities to be assumed by Wärtsilä.

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