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L3 Technologies acquires minority stake in Peak Nano Optics

Military aerospace contractor L3 Technologies Inc. said Feb. 28 that it has entered into an agreement to acquire a minority stake in nanophotonics specialist Peak Nano Optics.

The company said the transaction was completed Feb. 6.

Peak Nano Optics will continue to operate as an independent entity and will work closely with L3 Technologies' Sensor Systems unit on ongoing projects.

Terms of the deal were not disclosed.