NEW YORK, Dec. 20 (UPI) -- A Texas company that develops and manufactures radar-based sensors and systems for the U.S. military and government has been acquired by L-3 Communications.
L-3 said acquisition of Mustang Technology Group L.P. adds precision engagement and capabilities for unmanned systems to its product portfolio.
"Mustang adds key capabilities, technical synergies, proprietary technologies and new customers to L-3's existing Precision Engagement business in our Electronic Systems segment," said Michael T. Strianese, L-3's chairman, president and chief executive officer. "This is a terrific acquisition, which expands L-3's Department of Defense and classified business base, and we look forward to integrating Mustang's technologies into L-3's existing proprietary fuzing and ordnance and unmanned systems products.
"The results for L-3 customers will be market-disrupting products and product enhancements, which will improve mission effectiveness of guided munitions, as well as a new portfolio of solutions."
Terms of the transaction were not disclosed, but the acquired company will now do business as L-3 Mustang Technology.
L-3 Technology's products are used ion precision-guided weapons, electronic warfare systems, unmanned systems and other key military and intelligence systems.
