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L-3 Acquires ForceX To Enhance ISR Business

Cal Biesecker By
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L-3 Acquires ForceX To Enhance ISR Business

L-3 Communications [LLL] on Tuesday said it has acquired ForceX, Inc., to enhance its work in the intelligence, surveillance and reconnaissance (ISR) and add new capabilities.Terms of the deal were not disclosed. The business is expected to generate about $30 million in sales in 2016 and L-3 said it is expected to be immediately accretive. The company said goodwill and other intangible assets from the acquisition are expected to be deductible for income tax purposes.Based in Tennessee, ForceX has been…

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