L-3 Closes Purchase of Nautronix

L-3 Communications Holdings Inc. has completed its purchase of Nautronix Defense Group, the mine and anti-submarine weapons systems maker, for $65m in cash plus a possible $6m more, depending on financial performance. Nautronix will be renamed L-3 Communications Nautronix Holdings Inc., and will add about $25m to L-3's estimated sales this year. Source: Reuters