NEW YORK- L-3 Communications has acquired the assets of MITEQ, Inc. for $41 million, subject to customary adjustments. The business will be combined with L-3's Narda Microwave-East business located in Hauppauge, N.Y., and the new organization will be called L-3 Narda-Miteq.
The Miteq business develops and manufactures specialized RF microwave products and solid-state SATCOM components that complement the existing Narda product line. The combined L-3 Narda-Miteq business will employ approximately 700 people, providing products for the U.S. military, government agencies, prime contractors and commercial customers. The Miteq acquisition is expected to generate approximately $60 million in sales for the year ending December 31, 2015.
Miteq offers a broad product line of active and passive RF microwave components and low-power SATCOM products for space and military applications. The RF microwave product line includes low-noise and power amplifiers, mixers, solid-state switch assemblies, synthesizers, oscillators and multipliers. SATCOM products include components for airborne and Earth Station systems, as well as solid-state power amplifiers, low-noise amplifiers, uplink power control units and frequency converters.
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