L-3 Buys Air Traffic Control Firm

The acquired business is expected to generate sales of $25 million and add to earnings in 2006.
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Defense contractor

L-3 Communications

(LLL) - Get Report

said it acquired air traffic control software engineering firm Joseph Sheairs Associates.

Terms weren't disclosed, but New York-based L-3 said the acquired business is expected to generate sales of $25 million and be accretive to earnings in 2006. The business will be part of L-3's Government Services Group, led by Carl Vuono.

Founded in 1993, Sheairs specializes in highly technical engineering and related services in support of air traffic control systems.

"As a leading provider of ATC support, JSA is complementary to our Aviation Products business and is a highly specialized engineering provider in the growing airport services market," said CEO Frank C. Lanza. "Recently, JSA has expanded its work to include the DoD and we look forward to developing this aspect of their business under L-3 and to capitalizing on the services synergies it has with our ILEX business."

On Thursday, L-3 shares rose a dime to $81.98.