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L-3 to Buy Segment of Northrop Grumman

Photonics Spectra
May 2008
L-3 Communications of New York, a provider of imaging solutions and sensors, has agreed to acquire the Electro-Optical Systems business of Northrop Grumman Corp. of Los Angeles. The business will be purchased for $175 million in cash, and the acquisition is expected to be completed in the second quarter of 2008.

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