L-3 Completes Acquisition of Thales' Civil Aircraft Simulation and Training Business
L-3 Communications (NYSE: LLL) announced today that it completed the acquisition of Thales Training & Simulation Ltd's civil aircraft simulation and training business effective August 6, 2012. The company paid £83 million (approximately $130 million), subject to certain contractual adjustments to the purchase price, and was funded with cash on hand.
The business, which is now known as L-3 Link Simulation & Training U.K. Limited, will become a part of L-3's existing Link Simulation & Training division, which is part of L-3's Electronic Systems Group. L-3 Link Simulation & Training U.K. Limited has its main office and production facility in Crawley, U.K., and has a global customer base. The unit's civil aircraft simulation solutions feature a suite of devices that meet every aspect of flight and maintenance crew training requirements.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.