L3 Acquires Doss Aviation

L3 Technologies (NYSE:LLL) has acquired Doss Aviation, Inc, the company said.

The acquisition was completed on September 12, 2017, and the terms were not disclosed.

Doss Aviation is projected to generate approximately USD 50 million in annual sales for the calendar year ending December 31, 2017 and to be accretive to L3´s earnings. The business will be renamed L3 Doss and will be integrated into L3´s Electronic Systems business segment.

Based in Colorado Springs, Colorado, Doss Aviation is the sole provider of initial flight training for US Air Force pilots and was recently authorized to train international military pilots.

Doss owns and operates a full-service, turnkey training facility in Pueblo, Colorado, where it offers curriculum coursework and flight training for both fixed-wing and unmanned aircraft pilots and weapons officers. Doss also provides instructor pilots for rotary-wing aircraft for the US Army, as well as global airfield service support activities at US government bases, including aircraft and bulk refueling services and aircraft component repair and modification.

Headquartered in New York City, L3 Technologies employs approximately 38,000 people worldwide and is a provider of a broad range of communication, electronic and sensor systems used on military, homeland security and commercial platforms. L3 is also a prime contractor in aerospace systems, security and detection systems, and pilot training. The company reported 2016 sales of USD 10.5 billion.