L3 Technologies acquires Applied Defense Solutions

L3 Technologies said Monday it has acquired Applied Defense Solutions, an aerospace engineering, software development and space situational awareness company, for about $50 million.

ADS, expected to generate about $15 million in sales the rest of this year and about $50 million next year, is based in Columbia, MD.

The business "will be renamed L3 ADS and provides the intelligence community, DOD, NASA and other customers with space systems mission planning, space exploration and satellite operations, protection and resiliency," L3 said.

L3 made eight acquisitions last year. Earlier this year, Chris Kubasik, L3's chief executive, said he expected to make one or two this year.

"There's no pressure," he told Inside Defense at the time. "If it doesn't happen, we'll use the cash and maybe buy back . . . more shares."