L-3 to Purchase Two Trex Subsidiaries

New York-based L-3 Communications has signed a letter of intent to purchase the assets of LNR TrexCom Inc., and EMP TrexCom Inc., each a subsidiary of Trex Communications Corp. Terms of the transaction were not disclosed. The acquisition is expected to be completed in late-1999, and will be accretive to L-3's earnings in the year 2000.

LNR and EMP provide antennas and complete tracking for Telemetry, Tracking and Control (TT&C), antennas for receiving high rate imagery data, flight termination systems, up and down converters for C, X, Ku- and Ka-band, military fixed and portable command and control ground stations, portable commercial satellite news gathering uplinks, and satellite components. Their customers include major telecommunications companies, broadcast organizations, government agencies and military customers.

With LNR and EMP SATCOM terminals, L-3 enhances its ability to offer total solutions to its communications customers. These companies' provide antenna and tracking systems for receiving satellite telemetry, tracking satellite position and transmitting commands that can be bundled with L-3's System 550 telemetry and data acquisition equipment. Customers have been buying these systems separately but now can reap the cost benefits of buying them as a total solution.