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L-3 To Add Explosive Trace Detection To Security Portfolio With Implant Deal

By Cal Biesecker

Tuesday, October 11th, 2016

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L-3 To Add Explosive Trace Detection To Security Portfolio With Implant Deal

Implant Sciences' QS-B220 ETD. Photo: Implant Sciences

L-3 Communications [LLL] on Monday said it has agreed to acquire the explosive trace detection (ETD) business of Implant Sciences [IMSC] for $117.5 million in cash, a deal which would add a handsome new capability to its Security & Detection Systems division.L-3 will fund the acquisition through cash on hand. Deal terms include the assumption of certain liabilities.Implant on Monday entered Chapter 11 Bankruptcy protection and L-3’s asset purchase agreement is contingent to approval by the U.S. Bankruptcy Court, a…

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