NEW YORK-L-3 Communications signed an agreement to acquire Aydin Corp., under which L-
3 Communications will purchase all of the outstanding common stock of Aydin for $13.50 per share in cash. The total
value of the transaction, before reduction for cash on hand and planned asset sales, is approximately $72.3 million, said
L-3.
“Aydin’s communications business gives us entry into a larger international customer base for our earth
stations, gateways and fixed wireless loop products,” said Frank C. Lanza, chairman and chief executive officer
of L-3 Communications.
Aydin designs and manufactures telemetry, communications and other electronic products
and systems for military, space, government and commercial customers.
