Medal of Honor. If you've been paying close attention to the words of your generic soldier comrades in various war games over the past, say, 10 years, you've probably heard the term -- that's because "Danger Close" refers to "information in a call for fire to indicate that friendly forces are within 600 meters of the target" (according to About.com).
Given that EA LA was the former studio working on Medal of Honor (alongside multiplayer developer DICE), this appears to be little more than a rebranding of EA's LA offices under the "Danger Close" nomenclature. That said, we've fired off a round of questions to EA and will let you know more about the studio as soon as we do.
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