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L-3 Buys ASIT

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NEW YORK, Dec. 7 -- L-3 Communications announced this week that it acquired Applied Signal and Image Technology Inc. (ASIT) on Nov. 23. The terms of the transaction were not disclosed. The business has been renamed L-3 ASIT and will report to L-3's Integrated Systems Group. The acquisition is expected to add approximately $20 million to L-3's sales in 2006, an amount which the company expects to increase in the future. Headquartered in Linthicum Heights, Md., ASIT specializes in the production of signal processing systems. ASIT designs tactical communications intelligence, measurement and...Read full article

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    Published: December 2005
    acquiredacquisitionsApplied Signal and Image TechnologyASITCommunicationsIntegrated Systems GroupL-3 CommunicationsNews & Featuressensor systemsSensors & DetectorsUAV

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