L-3 Agrees to Acquire Chesapeake Sciences Corporation, Expands Naval Business
CSC is a high technology company that specializes in the development, test and integration of towed sonar arrays for use onboard submarines and surface ship combatants. The unit complements L-3's current product line of undersea and airborne acoustic sensors, sonar systems and mine warfare systems and expands the company's ASW capability.
"CSC's demonstrated ability to deliver advanced sensor systems involving telemetry, signal processing and ocean sciences is impressive and will be a welcome addition to L-3's portfolio of undersea products," said Steve Kantor, president of the Marine and Power Systems Group.
Headquartered in New York City, L-3 Communications employs over 64,000 people worldwide and is a prime contractor in aircraft modernization and maintenance, C(3)ISR (Command, Control, Communications, Intelligence, Surveillance and Reconnaissance) systems and government services. L-3 is also a leading provider of high technology products, subsystems and systems. The company reported 2007 sales of $14 billion.
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SOURCE: L-3 Communications
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