As always the key aspect -- a key aspect of our strategy is our disciplined approach to acquisitions, where we continue to enhance our core business extending our addressable markets and strengthening our technology capabilities.In February, we completed the acquisition of Kollmorgen Electro-Optical, KEO. It's a great addition to L-3's integrated Sensor Systems business with technologies that provides situational awareness and enhance our existing products including infrared images, targeting systems and ISR sensors and laser range finders. Also we recently announced an agreement to acquire Thales' civil aircraft training and simulation business. With an installed base of over 540 simulators and a global customer base, this business complements the linked simulation business and will extend our addressable markets with a full range of total training systems solutions for both military and, now, commercial customers globally. We expect the Thales transaction to be completed this summer.
L-3 Communications Holdings' CEO Discusses Q1 2012 Results - Earnings Call Transcript
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