L-3 Communications (NYSE:LLL) announced effective today that it has acquired Data Tactics Corporation. The business, renamed L-3 Data Tactics, is a specialized provider of Big Data analytics and cloud computing solution services, primarily to the U.S. Department of Defense. Headquartered in McLean, Va., Data Tactics employs approximately 200 people, including more than 150 data scientists, engineers, architects and developers, most of whom possess U.S. government security clearances. Its highly tailored solutions are used by the U.S. military and government agencies, including public safety and law enforcement organizations. The business is expected to generate sales of approximately $50 million for the year ending December 31, 2014. “Data Tactics adds key capabilities in Big Data analytics to L-3’s portfolio, a very attractive and specialized domain that immediately enhances L-3’s existing National Security Solutions business and supports its growth as a solutions integrator for the national security and international markets. It also creates adjacent opportunities for L-3’s ISR business,” said Michael T. Strianese, L-3’s chairman, president and chief executive officer. “This acquisition supports our strategy of providing differentiated technologies and solutions that enable market share gains and distinguish L-3 from our competitors.” Founded in 2005, Data Tactics provides solutions that address the future of national security needs, including sense-making from large volumes of data, cloud computing, ultra large-scale data management and analytics, cybersecurity, as well as advanced research, software development and integration capabilities. The business also offers several proprietary solutions, including its Big Data Engine platform that provides a high-speed analytics and cloud computing platform to a broader customer set, including select commercial markets. Additionally, Data Tactics is currently a prime contractor on several national security programs aimed at providing next-generation solutions in Big Data management and analysis. “Data Tactics will immediately add synergies to our business and enable us to pursue new opportunities in data analytics, data engineering and secure cloud solutions,” said Les Rose, president of L-3’s National Security Solutions Group. “The addition of Data Tactics’ talented workforce and differentiated technologies to our existing portfolio will also enhance solutions and efficiencies for our customers.”
Headquartered in New York City, L-3 employs approximately 48,000 people worldwide and is a prime contractor in C 3ISR (Command, Control, Communications, Intelligence, Surveillance and Reconnaissance) systems, platform and logistics solutions, and national security solutions. L-3 is also a leading provider of a broad range of electronic systems used on military and commercial platforms. The company reported 2013 sales of $12.6 billion.To learn more about L-3, please visit the company’s website at www.L-3com.com. L-3 uses its website as a channel of distribution of material company information. Financial and other material information regarding L-3 is routinely posted on the company’s website and is readily accessible. Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995Except for historical information contained herein, the matters set forth in this news release are forward-looking statements. Statements that are predictive in nature, that depend upon or refer to events or conditions or that include words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” “will,” “could” and similar expressions are forward-looking statements. The forward-looking statements set forth above involve a number of risks and uncertainties that could cause actual results to differ materially from any such statement, including the risks and uncertainties discussed in the company’s Safe Harbor Compliance Statement for Forward-Looking Statements included in the company’s recent filings, including Forms 10-K and 10-Q, with the Securities and Exchange Commission. The forward-looking statements speak only as of the date made, and the company undertakes no obligation to update these forward-looking statements.