L-3 Acquires Honeywell's TCAS Business
Lockheed Martin spin-off L-3 Communications has agreed to acquire Honeywell's TCAS business for $255 million. Once the acquisition is complete, L-3 will create a joint venture with Thomson-CSF subsidiary Sextant, which will acquire a 30-percent interest in the new company. The U.S. Department of...
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