Author: Jane Edwards|| Date Published: September 15, 2017
L3 Technologies (NYSE: LLL) has purchased Colorado Springs, Colorado-based initial flight training company Doss Aviation for an undisclosed amount in a strategy to expand presence in the military pilot training market.
New York City-based L3 said Thursday will integrate Doss Aviation into its electronic systems business segment and run the company as L3 Doss.
Christopher Kubasik, L3 president and chief operating officer and an inductee into Executive Mosaic™s Wash100 for 2017, said the addition of Doss Aviation™s military training services to L3™s training platforms portfolio would help increase the New York City-based aerospace and defense contractor™s capability to meet the rising demand for commercial and international military pilots.
Todd Gautier, a senior vice president and president of L3™s electronic systems business segment, said Doss Aviation provides IFT training support to the U.S. Air Force and its acquisition would expand L3™s training portfolio and broaden its footprint in the military instruction field.
Doss Aviation offers flight training and curriculum coursework to unmanned aircraft pilots, fixed-wing aircraft aviators and weapons officers through its Pueblo, Colorado-based facility.
The company also provides aircraft repair and modification, bulk refueling services and other airfield support at U.S. government bases as well as instructor pilots for the U.S. Army™s rotary-wing planes.
Doss Aviation is expected to record approximately $50 million in 2017 sales and to be accretive to L3™s earnings.
The transaction came days after L3 acquired Centreville, Virginia-based systems engineering firm Adaptive Methods as part of its undersea market expansion efforts.
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L3 Technologies (NYSE: LLL) has purchased Colorado Springs, Colorado-based initial flight training company Doss Aviation for an undisclosed amount in a strategy to expand presence in the military pilot training market.
