Home / M&A Activity / L-3 to Buy Implant Sciences’ Explosive Trace Detection Assets for $117M

L-3 to Buy Implant Sciences’ Explosive Trace Detection Assets for $117M

L-3 logoL-3 Communications (NYSE: LLL) has agreed to purchase the explosive trace detection business assets of Implant Sciences for $117.5 million cash in a push to expand the former’s portfolio of security and detection platforms.

L-3 said Monday it will assume specified liabilities under the asset purchase agreement with Implant Sciences and will integrate the latter’s ETD business with its security and detection systems division under L-3’s electronic systems business segment.

Implant Sciences has filed for Chapter 11 bankruptcy protection and both the sale of assets and L-3’s role as acquirer are subject to U.S. Bankruptcy Court approval.

Last week, L-3 closed its purchase of Australia-based electronic warfare company Aerosim and a separate deal for pilot training services provider Aerosim.

Implant Sciences’ ETD offerings for defense and homeland security markets have approvals from international regulatory agencies, such as the U.S. Transportation Security Administration and the European Civil Aviation Conference.

TSA ordered more than 1, 300 units of the Implant Sciences-built QS-B220 desktop explosives and drugs trace detector platform in September.

Check Also

Former Symantec Exec Nico Popp Joins Forcepoint as Chief Product Officer

Nico Popp, former senior vice president for cloud and information protection at Symantec, has been named chief product officer of cybersecurity company Forcepoint.

Microsoft Gets Task Order Under DoD’s JEDI Cloud Contract

The Department of Defense has awarded a task order worth $1M to Microsoft (Nasdaq: MSFT) under the potential 10-year Joint Enterprise Defense Infrastructure cloud computing contract.