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L-3 Communications Holdings, Inc. Completes Acquisition of Thales’ Civil Aircraft Simulation and Training Business

Tuesday, 7 Aug 2012 12:21pm EDT 

L-3 Communications Holdings, Inc. announced that it completed the acquisition of Thales Training & Simulation Ltd’s civil aircraft simulation and training business effective August 6, 2012. The Company paid GBP83 million (approximately $130 million), subject to certain contractual adjustments to the purchase price, and was funded with cash on hand. The business, which is now known as L-3 Link Simulation & Training U.K. Limited, will become a part of L-3’s existing Link Simulation & Training division, which is part of L-3’s Electronic Systems Group. L-3 Link Simulation & Training U.K. Limited has its main office and production facility in Crawley, U.K., and has a global customer base. The unit’s civil aircraft simulation solutions feature a suite of devices that meet every aspect of flight and maintenance crew training requirements. 

Company Quote

0.21 +0.17%
1:18pm EDT