From Deseret News archives:
L-3 to buy Northrop optical unit for $175 million
Northrop's Electro-Optical Systems business generated about $190 million in sales last year, L-3 and Northrop said this past week in separate statements. The Garland, Texas-based unit employs 1,000 people and makes sensors, weapons-sighting devices, laser-based equipment and night-vision goggles.
"There is strong demand worldwide for image-enhancing products," James Dunn, president of L-3's Sensors and Simulation Group, said in his company's statement.
Acquiring the business from Los Angeles-based Northrop means L-3's electro-optical and infrared unit will generate about $800 million in annual sales "with growth exceeding 10 percent," Dunn said in the statement. The transaction should be completed this quarter, the companies said.
Comments
- King Kong figurine sold in UK 1:01 p.m.
- Turkey tips from experts 12:59 p.m.
- 6.8-magnitude quake rattles Tonga 12:57 p.m.
- Police increase presence at Skyline 12:40 p.m.
- Shuttle, crews ready departure 12:37 p.m.
- CPSC: Swift action after crib recall 12:36 p.m.
- Pujols wins 2nd straight NL MVP 12:33 p.m.
- Stocks retreat on reports 12:17 p.m.
- Americans gloomy as holidays begin 12:16 p.m.
- Reports signal modest rebound 12:14 p.m.
- Protests against Phoenix LDS temple
- Utah, BYU are top choices for bowls
- BYU's Lamb, Jorgensen reprimanded
- BYU would like friendlier rivalry
- Best prep football games of 2009
- KSL: Prostitution in Utah County
- Man trapped in own body for 23 yrs
- Kirilenko climbing blocks list
- 'Dancing' will fill out finale
- Fans greet returning Real Salt Lake
- Glenn Beck to enter politics?
220 - RSL wins MLS Cup on penalty kicks
201 - Palin plans tour stop in Utah
178 - Protests against Phoenix LDS temple
153 - BYU would like friendlier rivalry
152 - Bronco, Kyle rubber match
136 - Palin's book shows she's unqualified
134 - BYU records with win
132 - Officer cleared in Cardall Taser case
103 - BYU cuts Women's Research Inst.
103
Associated Press Personal Finance Writer Candice Choi offers gift-giving...
We visited the Reagan Presidential Library this past spring in California,and...
They had tough games, but all the talk of an all Region 4 final and possibly...
Re: Too Close for Comfort The park & ride lots / busing Paul Gilbert...
Drugs are killing our society. The porn industry is making a killing feeding...
Human's controlling the Earth's atmosphere is laughable and a left energy...
On my first post above I misstated that the committee were appointed for...
You've never bought tickets through TicketMaster, have you? $10.00...
@Miles You said... "If CJ is playing defense on an outside player, he is...
Of course the percentages are up. Any time you disagree with the gay...
This sad. It will also be sad when the DN reports how mnay LDS people were...


You can be the first to comment on this story.