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L-3 Shedding Space Microwave Product Line

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COM DEV USA, LLC, said yesterday it has agreed to acquire the Passive Microwave Devices product line of L-3 Communications [LLL] Electron Technologies Inc. business unit for $12.2 million in cash. COM DEV USA, a subsidiary of Canada's COM DEV International Ltd., said the deal will accelerate its entry into the United States government space market. COM DEV said it plans to grow the business "aggressively." The deal is expected to close within three months. COM DEV said the final…

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