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June 05, 2005

L-3 Buying Titan

$2 Billion Plus Debt

L-3 Communications Holdings Inc., is buying Titan Corporation for almost $2 billion in a cash deal designed to make the company more competitive for government business. Assuming Titan's debt will raise the value of the transaction to $2.65 billion.

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Aero-News Quote Of The Day (06.05.05)

"We are overjoyed." Source: NAA executive director Ted Soliday to the Naples Daily News after the US Court of Appeals ruled in favor of Naples Stage 2 Jet ban.

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