Boeing is continuing moves to focus on systems integration by agreeing to sell defence and space products supplier Electronic Dynamic Devices (EDD) to L-3 Communications for an undisclosed amount.
Torrance, California-based EDD produces travelling wave-tube amplifiers and electric propulsion systems. Boeing Satellite Systems will stay as its largest customer. Boeing will keep the group that produces power systems for satellites.
L-3 expects EDD to generate sales of around $90 million next year. Xenon ion propulsion systems produced by the unit have caused problems on several satellites, for which Boeing is expected to retain responsibility when the deal closes early next year.
EDD is the ninth acquisition announced by L-3 this year, taking its total purchases well over the $600 million mark. Earlier this month the company agreed to buy Raytheon's Commercial Infrared business for $42 million.
Source: Flight International
