NEW YORK, Nov. 22 -- L-3 Communications announced yesterday that on Nov. 8, it acquired International Microwave Corp. (IMC), a provider of wireless communications, network support systems, information technology, defense communications and surveillance systems. The total value of the transaction is approximately $40 million in cash, with additional contingent consideration not to exceed $5 million and dependent on the financial performance of IMC in 2003. L-3 said it expects the acquisition to contribute approximately $50 million to its sales in 2003. L-3 recently took an equity stake in...Read full articleRelated content from Photonics MediaArticlesDARPA Pegs Partners for Low-Earth Orbit Satellite TranslatorThe U.S. Defense Advanced Research Projects Agency (DARPA) has selected 11 teams to carry out work under Phase 1 of the Space-Based Adaptive Communications Node program, known as Space-BACN. 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