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Business/Financial

L-3 Acquires RF Component And Systems Supplier MITEQ

By Cal Biesecker

Thursday, January 22nd, 2015

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L-3 Acquires RF Component And Systems Supplier MITEQ

Fiber optic products from MITEQ. Photo. MITEQ

L-3 Communications [LLL] on Thursday said it has acquired MITEQ, Inc., a developer and manufacturer of RF components, assemblies and systems and low-power satellite communications products, for $41 million.L-3 said that MITEQ will be combined with its Narda Microwave East business, which will become L-3 Narda-Miteq and have about 700 employees. MITEQ, which has about 350 employees, is expected to contribute about $60 million in sales for L-3 this year. Narda and Miteq are located in Long Island.L-3 said that…

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