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L-3 Communications Acquires Klein Associates

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NEW YORK, Oct. 3 -- L-3 Communications announced it has acquired Klein Associates Inc., a business unit of OYO Corp. of Japan, for $30 million in cash. L-3 said Klein Associates is expected to be slightly accretive to L-3 Communications results. L-3 makes secure and specialized systems for satellite, avionics and marine communications. Its products include flight recorders (black boxes), display systems and wireless telecom gear. Klein Associates, based in Salem, N.H., develops side-scan sonar, sub-bottom profilers and related instruments and accessories for undersea search and survey. Its...Read full article

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    Published: October 2003
    CommunicationsdefenseKlein Associates Inc.L-3 CommunicationsNews & FeaturesOYO Corp.side-scan sonar

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