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L-3 Communications Acquires Ashburn’s Airborne Technologies

The defense contractor L-3 Communications Holdings Inc. announced today that it has acquired Airborne Technologies. Shortly thereafter, shares of L-3 increased by 11 cents in afternoon trading. Airborne Technologies is headquartered in Ashburn, VA.

L-3 stated that the deal to acquire Airborne Technologies, which helps make unmanned aerial systems for the Defense Department, was set up as an asset purchase for income tax purposes. Also, Airborne Technologies is anticipated to produce $20 million in sales for 2010. L-3 also remarked that the acquisition will augment its work in pilotless plans, a large demand by military at this time.

Asburn to Host Chamber of Commerce Program

The Loudoun County Chamber of Commerce has 1,100 members, making it one of the largest chambers in the area. This Wednesday, August 11, the Loudoun County Chamber of Commerce is holding its “State of the Loudoun Economy” program at 8:00 a.m. at the Belmont Country Club in Ashburn, VA.

The program will be led by Tim Hemstreet, who is the country administrator, as well as Stephen S. Fuller, who is the director of the Center for Regional Analysis at George Mason University. The chamber will be offering its outlook for the county.