The Azimuth and Linchpin acquisitions strengthen L3's command, control, communications, computers, cyberdefense and combat systems and intelligence, surveillance and reconnaissance capabilities, according to a prepared statement.
In addition, the acquisitions are expected to close by the end of the year, and the acquired companies will become L3 Trenchant upon completion of the transaction.
A Closer Look at Aziumuth and Linchpin
Aziumuth is an Australian information security consultancy that specializes in threat modeling and design, configuration and source code review. It offers penetration testing and security assessments to help organizations address application, network and software vulnerabilities.
Linchpin is a Canadian custom software development company that provides computer network operations, cross-platform and low-level systems development and IT security services. It supports corporate and government organizations globally and designs and develops end-to-end solutions based on customer requirements.
Together, Azimuth and Linchpin enable L3 to provide computer network operations and vulnerability research for intelligence partners and other government, defense and security agencies worldwide. They also bolster L3's intelligence collection and surveillance capabilities, the company said.
The Azimuth and Linchpin acquisitions could help L3 accelerate its sales growth following a successful start to 2018. The company recorded total sales of $2.4 billion and funded orders of $2.6 billion in 1Q18. The company also has projected net sales between $9.9 billion and $10.1 billion in 2018; comparatively, the firm reported net sales of $9.6 billion last year.
What Is L3?
L3 was founded in 1997 and offers communication, electronic and sensor systems used on military, homeland security and commercial platforms. It also provides aerospace systems, security and detection systems and pilot training.
Meanwhile, the Azimuth and Linchpin acquisitions could help the company extend its reach in the global cybersecurity market.
The global cybersecurity market is projected to expand at a 10.7 percent compound annual growth rate (CAGR) between 2017 and 2023, according to market research firm Report Buyer. Furthermore, the sector could be worth approximately $165.2 billion by 2023.