L-3 Communications has acquired Technology, Management and Analysis Corp. for approximately $50 million in cash, L-3 announced yesterday. The transaction also includes "additional consideration not to exceed $7 million that is contingent on TMA's financial performance for 2002 and 2003," an L-3 statement reads. TMA is expected to contribute sales of approximately $55 million and diluted earnings per share of 2 cents to L-3's 2003 operating results, L-3 said. McLean, VA-based TMA will join L-3's Training, Simulation and Support Services...
