L-3 Acquires RF Microwave Tech Maker Miteq for $41M; John Mega Comments

wireless communicationsL-3 Communications (NYSE: LLL) has purchased radio frequency microwave technology manufacturer Miteq for $41 million and will create a new business that will operate under the name L-3 Narda-Miteq.

The transaction will combine Miteq’s RF microwave products and solid-state satellite communications components with similar technologies made by L-3’s Narda Microwave East company that is based in Hauppauge, N.Y., L-3 said Thursday.

Miteq has 700 employees and builds RF microwave and SATCOM technologies for U.S. military branches and government agencies, prime contractors and commercial clients to use in space and military functions.

L-3 expects the acquisition to add another $60 million in sales for calendar year 2014.

“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, ” said John Mega, president of L-3’s communication systems segment.

Miteq’s RF microwave product line includes low-noise and power amplifiers, mixers, solid-state switch assemblies, synthesizers, oscillators and multipliers.

The business’ satellite communications products include components for airborne and Earth Station systems, as well as solid-state power amplifiers, low-noise amplifiers, uplink power control units and frequency converters.

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