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Business/Financial

L-3 To Acquire Civil Aircraft Simulation Business From Thales

Defense Daily Staff

Thursday, April 12th, 2012

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L-3 Communications [LLL] yesterday said it has agreed to acquire a civil aircraft simulation and training business from France’s Thales for $132 million in cash on hand. L-3 said the deal would provide benefits for its military business while expanding its business into the commercial market. “With this acquisition, L-3 will strengthen its existing military training and simulation business by adding full flight simulator capability and expanding into the civil simulation market,” Michael Strianese, L-3’s chairman, president and CEO, said in…

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