L3 Technologies acquires Applied Defense Solutions
NewsJuly 03, 2018
NEW YORK. L3 Technologies has acquired Applied Defense Solutions (ADS), an aerospace engineering, software development, and space situational awareness company.
L3 corporate documents show that the purchase price was approximately $50 million, subject to customary working capital adjustments. The combined company -- which will be called L3 ADS -- will have its headquarters in Columbia, Maryland, and other offices in Herndon, Virginia, and Colorado Springs, Colorado.
“L3 ADS strengthens our business in the mission-critical aspects of space situational awareness, particularly in the area of multi-domain command and control, which is a key element of our country’s national security strategy objectives,” said Christopher E. Kubasik, L3’s chairman, chief executive officer, and president. “This acquisition, along with our internal research and development investments, demonstrates our growth strategy of investing in capabilities, accelerating innovation, and delivering integrated solutions for our customers.”
