L-3 CommunicationsÂ (NYSE: LLL)Â has wrapped up its purchase of Australia-based radiofrequency and electronic warfare platforms provider Micreo for an undisclosed sum.
The newly acquired company will operate as L-3 Micreo that is forecast to generate $27 million in annual sales for the year ending Dec. 31, 2017 and will report to L-3 TRL Technology under the New York-based communications and electronics firmâs integrated sensor systemsÂ sector, L-3 said Monday.
L-3 Chairman and CEO Michael Strianese said he expects the acquisition to help expand L-3âs presenceÂ in Australia and complement its electronic warfare offerings.
Micreo CEO Tim Shaw will serve as executive director of the business under L-3 ownership..
L-3 first announced its intent to acquire Micreo in early September as part of a push to growÂ core business footprints in Australia.
L-3 Micreo willÂ base its headquarters inÂ Brisbane, QueenslandÂ and itsÂ approximately 70 employees will focus on the design and production of photonic and RF products for EW and radar systems designed for integration with military ships and aircraft.