L-3 Communications Acquires ForceX for $30 million
L-3 Communications has acquired ForceX, a Nashville-based company that specializes in intelligence, surveillance and reconnaissance (ISR) mission-management software and geospatial application technology, the company announced Tuesday afternoon.
“We have been strategically repositioning our portfolio by adding new capabilities that are aligned with our customers’ priorities, and we are pleased to announce this acquisition, which furthers this objective,” said Michael T. Strianese, L-3’s chairman, president and chief executive officer. “ForceX complements L-3’s core business, enhancing our product and system capabilities to compete in new markets, and expands our customer base.”
The company, which has been renamed L-3 ForceX, will be incorporated into L-3’s Integrated Sensor Systems (ISS) sector within the Electronic Systems business segment, L3 announced in a news release.
The terms of the deal were not immediately announced, but L-3 expects the newly acquired property to add $30 million in sales in 2016.
L-3 ForceX’s customer base includes the US Air Force, US Special Operations Command, the Naval Surface Warfare Center and a variety of DoD agencies. L-3 expects the company to increase the growth potential in its ISS sector.
ABOUT L-3 Communications
Headquartered in New York City, L-3 employs approximately 45,000 people worldwide and is a prime contractor in aerospace systems and national security solutions. L-3 is also a leading provider of a broad range of communication and electronic systems and products used on military and commercial platforms.