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L-3
Communications (NYSE: LLL)
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SECURITY: LEE (Common)
EXCHANGE: New York Stock Exchange CURRENCY: US Dollar
Headquartered in New York
City, L-3 Communications is a leading provider of Intelligence, Surveillance
and Reconnaissance (ISR) systems and products, secure communications systems,
aircraft modernization, training and government services, and is a merchant
supplier of a broad array of high technology products. Its customers include
the Department of Defense, Department of Homeland Security, selected U.S.
government intelligence agencies and aerospace prime contractors.
L-3
Communications Hldgs Inc Q1 2007
L-3
Communications Acquires Magnet-Motor GmbH
NEW YORK--(BUSINESS WIRE)--April
12, 2006--L-3 Communications (NYSE: LLL) announced today that it acquired
Magnet-Motor GmbH on March 20, 2006. The terms of the transaction were
not disclosed. The business has been renamed L-3 Communications Magnet-Motor
(L-3 Magnet-Motor) and will report into L-3's Products Group, which is
part of the company's Specialized Products reportable segment. The business
is expected to contribute approximately $7 million to L-3's sales in 2006.
Headquartered in Starnberg,
Germany, L-3 Magnet-Motor is a world leader in the development, manufacture
and field support of high-tech electric and energy systems for propulsion.
The company offers systems for a broad array of platforms, including wheeled
and tracked combat vehicles, commercial buses and marine vessels. The company
also specializes in electric propulsion systems for the energy industry,
including energy storage, energy conversion, windmill generators, DC/AC
converters and inverters.
With advanced engineering
capabilities which include electromechanical, electromagnetic, thermal
calculations, microprocessor control and power electronics, L-3 Magnet-Motor
offers highly compact power electronics for propulsion and power transformation.
The company provides system engineering and energy management expertise
for the optimal operation of both civilian and military electric vehicles,
as well as diesel and gas electric vehicles, and electric hybrids with
all combinations of generators and electric storage devices.
L-3 Magnet-Motor currently
offers more than 80 military and civilian electric propulsion systems,
which have operated successfully for over 6 million road miles.
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