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Business/Financial

L-3 To Acquire Kollmorgen Electro-Optical For $210 Million

Defense Daily Staff

Wednesday, December 14th, 2011

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L-3 Communications [LLL] yesterday said it has agreed to acquire the Kollmorgen Electro-Optical (KEO) unit of Danaher Corp. [DHR] for $210 million in cash, giving it new capabilities in electro-optics and infrared technology and products, a key growth area for the company. KEO designs and manufactures periscope and optronic mast systems for submarines, and also makes ship fire control systems, visual landing aids, ground electro-optical and sensor cueing systems. “KEO’s unique and proprietary systems support high-priority DoD programs, expand our…

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