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Business/Financial

L3 To Acquire Two Information Security Firms Based Outside U.S.

By Cal Biesecker

Wednesday, July 11th, 2018

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L3 To Acquire Two Information Security Firms Based Outside U.S.

Chris Kubasik, chairman, president and CEO of L3 Technologies. Photo: L3

L3 Technologies [LLL] on Wednesday said it has agreed to acquire two companies that it said will strengthen its cyber defense capabilities, particularly for intelligence and classified missions.L3 said it will pay $200 million for the companies, which will be combined as L3 Trenchant, and that the deals include a $32 million earn out provision payable in its stock based on post-acquisition sales.Linchpin Labs is a Canada-based software development company focused on computer network operations, cross-platform and low-level systems, development,…

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