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L3 Technologies announces Cyber acquisitions

Published 07/11/2018, 10:21 AM
© Reuters.  L3 Technologies announces Cyber acquisitions
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  • L3 Technologies (LLL -0.2%) agrees to acquire two information security businesses, Azimuth Security and Linchpin Labs that strengthens L3’s existing C6ISR capabilities.
  • Combined purchase price is ~A$270M (~$200M), and represents 2019 estimated EBITDA multiple of 7x.
  • The consideration is subject to an upward adjustment of up to A$43M (~$32M) payable in L3 common stock.
  • Both the companies will be combined and operate as L3 Trenchant.
  • The transaction is anticipated to complete by H2 2018, and in 2019 Trenchant expects to add ~$65M to total net sales.
  • Now read: Implications Of 2018 Boeing (NYSE:BA) & Airbus Orders


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