L3 Technologies (NYSE: LLL), then L-3 Communications, has wrapped up its purchase of Implant Sciencesâ explosive trace detection businessÂ for $117.5 million cash through an asset purchase agreement.
The transaction will also complement L3âs checkpoint management platforms and security software through its acquisition of U.K.-basedÂ aviation security technology manufacturer MacDonald Humfrey Automation, Strianese added.
L3 purchased MacDonald Humfrey in a deal worth up to $315.5 million in November a month after it agreed to buy Implant Sciencesâ ETD business in a bankruptcy auction process that was approved by the U.S. Bankruptcy CourtÂ in December.
L3 will assume specified liabilities of Implant Sciences and incorporate the latterâs ETD business with itsÂ security and detection systems division under L-3âs electronic systems business segment.
Tom Ripp, president of L3 Security & Detection Systems division, said he expects Implant Sciencesâ trace detection tools to help address the gap in L3âs sensor portfolio.
New York City-based defense contractor L3 has approximately 38, 000 employees worldwide and posted $10.5 billion in 2015 sales.