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L3 Technologies Inc (LLL.N)

LLL.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

L3 Technologies announces new $1.5 billion share repurchase program
Tuesday, 9 May 2017 01:30pm EDT 

May 9 (Reuters) - L3 Technologies Inc ::L3 Technologies announces new $1.5 billion share repurchase program and declares quarterly dividend.Sets regular quarterly cash dividend of $0.75 per share.New stock repurchase authorization is effective July 1, 2017.Says repurchase program is expected to be funded using company's cash on hand and cash generated from operations.  Full Article

L3 Technologies say delivered first U.S. Air force kc-10 cls aircraft
Thursday, 4 May 2017 08:45am EDT 

May 4 (Reuters) - L3 Technologies Inc :L3 achieves on-time delivery of first u.s. Air force kc-10 cls aircraft.L3 technologies inc- has delivered first kc-10 aircraft under u.s. Air force's (usaf) contractor logistics support contract.  Full Article

L3 Q1 earnings per share $2.07 from continuing operations
Thursday, 27 Apr 2017 06:55am EDT 

April 27 (Reuters) - L3 Technologies Inc ::L3 announces first quarter 2017 results.Q1 earnings per share $2.07 from continuing operations.Q1 sales rose 13 percent to $2.7 billion.L3 Technologies Inc - increased 2017 financial guidance.L3 Technologies Inc sees 2017 net sales $10,750 million to $10,950 million.Q1 earnings per share view $1.81, revenue view $2.45 billion -- Thomson Reuters I/B/E/S.Sees 2017 diluted EPS $8.50 to $8.70.Says funded backlog decreased 0.5% to $8,855 million at March 31, 2017, compared to $8,896 million at December 31, 2016.FY2017 earnings per share view $8.60, revenue view $10.76 billion -- Thomson Reuters I/B/E/S.Funded orders for 2017 q1 increased 1% to $2,624 million compared to $2,591 million for 2016 q1.Funded backlog decreased 0.5% to $8,855 million at march 31, 2017, compared to $8,896 million at December 31, 2016.  Full Article

L3 Technologies Inc acquires Oceanserver Technology
Tuesday, 4 Apr 2017 03:45pm EDT 

L3 Technologies Inc : L3 acquires Oceanserver Technology . L3 Technologies Inc - terms were not disclosed .L3 Technologies Inc - Oceanserver Technology business was renamed l3 Oceanserver and will be integrated into company's sensor systems segment.  Full Article

L3 Technologies awarded vehicle transmission contract supporting Republic of Korea army
Thursday, 23 Feb 2017 08:19am EST 

L3 Technologies Inc : L3 awarded vehicle transmission contract supporting the republic of Korea army .L3 technologies inc - l3 awarded vehicle transmission contract supporting republic of Korea army.  Full Article

Aerojet Rocketdyne Holdings to acquire Coleman Aerospace for $15 mln in cash
Wednesday, 22 Feb 2017 03:00pm EST 

Aerojet Rocketdyne Holdings Inc : Aerojet Rocketdyne Holdings Inc to acquire Coleman Aerospace; expanding into target missile vehicle business . Deal for $15 million in cash . Says coleman business is expected to generate approximately $40 million in revenue in 2017 . Coleman business is expected to generate approximately $40 million in revenue in 2017 . Coleman Aerospace will operate as unit of Aerojet Rocketdyne and will be renamed aerojet Rocketdyne Coleman Aerospace, Inc . Says transaction is expected to close by end of month .Coleman will assume new space coast integration & test facility lease at cape canaveral air force station in Florida.  Full Article

L3 reports Q4 earnings $2.38 per share from continuing operations
Thursday, 26 Jan 2017 06:55am EST 

L3 Technologies Inc : L3 announces fourth quarter 2016 results . Q4 earnings per share $2.38 from continuing operations . Q4 sales $3.0 billion versus I/B/E/S view $2.78 billion . Q4 earnings per share view $2.11 -- Thomson Reuters I/B/E/S . L3 Technologies Inc - Funded orders for 2016 Q4 increased 40 percent to $3,577 million compared to $2,561 million for 2015 Q4 . L3 Technologies Inc - Increased 2017 financial guidance . L3 Technologies Inc sees 2017 net sales $10,625 million to $10,825 million . Sees FY 2017 earnings per share $8.40 to $8.60 . Sees 2017 diluted EPS $8.40 to $8.60 . FY 2016 earnings per share view $7.95, revenue view $10.31 billion -- Thomson Reuters I/B/E/S .L3 Technologies Inc - Funded backlog increased 6 percent to $8,896 million at December 31, 2016, compared to $8,423 million at December 31, 2015.  Full Article

L3 announces leadership changes
Wednesday, 25 Jan 2017 09:00am EST 

L3 Technologies Inc : L3 announces leadership changes and realignment of electronic systems segment . L3 Technologies Inc says electronic systems segment to be separated into two business segments . L3 Technologies Inc - Curtis Brunson and Steve Kantor to retire . L3 Technologies Inc - realignment is not expected to have any impact on company's consolidated 2017 financial guidance. . L3 Technologies Inc - commencing in Q1 of 2017, company will report its results under realigned business segments . L3 Technologies -curtis brunson, executive vp of corporate strategy and development will be transitioning from role effective march 1 .L3 Technologies -Steve Kantor, senior vice president and president of its electronic systems business segment, will be transitioning from role effective March 1.  Full Article

L3 receives contract modification for N783 mortar fuze
Thursday, 19 Jan 2017 09:20am EST 

L3 Technologies Inc : L3 receives contract modification for m783 mortar fuze .Has been awarded $32 million contract modification from u.s. Army to supply m783 point detonating/delay (pd/dly) mortar fuze.  Full Article

L-3 acquires MacDonald Humfrey (Automation) for £224 mln
Tuesday, 22 Nov 2016 04:35pm EST 

L-3 Communications Holdings Inc - : Deal for £224 million . Acquisition was funded initially from revolving credit borrowings . MacDonald Humfrey will report to L-3 security & detection systems division of company's electronic systems business segment . L-3 MacDonald Humfrey is projected to generate sales of approximately $135 million (£108 million) for year ending december 31, 2017 .L-3 acquires MacDonald Humfrey (Automation) Ltd.  Full Article

More From Around the Web

BRIEF-L3 Technologies announces new $1.5 billion share repurchase program

* L3 Technologies announces new $1.5 billion share repurchase program and declares quarterly dividend