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L-3 to Acquire Vertex Aerospace

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NEW YORK, Oct. 23 -- L-3 Communications announced yesterday it has agreed to acquire Vertex Aerospace LLC from Veritas Capital, a private equity investment firm based in New York, for $650 million in cash. The acquisition is expected to close in December 2003 and is subject to customary closing conditions. Vertex is a provider of aerospace and other technical services to the Department of Defense (DoD) and other government agencies, including the US Air Force, Navy, Army, Marines, Department of Homeland Security, Drug Enforcement Administration and NASA. Its services include logistics...Read full article

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    Published: October 2003
    CommunicationsdefenseNews & Features

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