L-3 Communications (NYSE: LLL) has purchased radio frequency microwave technology manufacturer Miteq for $41 millionÂ and willÂ create a new business that will operate under the name L-3 Narda-Miteq.
The transaction will combineÂ Miteq’sÂ RF microwave products and solid-state satellite communications components with similar technologies made byÂ L-3’s NardaÂ Microwave East company that is based inÂ 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 anotherÂ $60 million in sales for calendar year 2014.
âMiteq adds key products, technical capabilities and other synergies, strong engineering talent and new customers to L-3âs advanced communications sector within our communication systems segment, â said John Mega, president of L-3’s communication systems segment.
Miteq’s RF microwave product line includesÂ low-noise and power amplifiers, mixers, solid-state switch assemblies, synthesizers, oscillators and multipliers.
The business’Â satellite communicationsÂ 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.