L-3 Communications signed a definitive agreement to acquire Interstate Electronics Corp. (IEC), a division of Scott Technologies Inc., for $60 million, L-3 reported yesterday. The deal is expected to be completed during the second quarter and should be accretive to earnings in 1999. IEC, based in Anaheim, Calif., supplies test instrumentation and missile tracking systems for the U.S. Navy's fleet ballistic Missile (FBM) weapons systems, including the Trident submarine. The division ...

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