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Business/Financial

L-3 Acquires Firm Specializing In International Development

DDN

Monday, December 8th, 2008

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L-3 Communications [LLL] said on Friday that it has acquired International Resources Group, Ltd. (IRG), a small firm that specializes in international economic relief and reconstruction, in a deal that complements L-3's existing work supporting foreign ministries of defense. Terms of the deal were not disclosed, but L-3 said it expects IRG to contributed $100 million to sales next year and be immediately accretive to earnings. IRG works with the State Department's United States Agency for International Development in support…

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