Key Developments: L-3 Communications Holdings Inc (LLL)
85.55USD
17 May 2013
$0.78 (+0.92%)
$84.77
$84.77
$85.76
$84.77
661,026
595,625
$85.76
$66.46
Latest Key Developments (Source: Significant Developments)
L-3 Communications Holdings Inc Declares Quarterly Dividend
L-3 Communications Holdings Inc announced that its board of directors has declared a quarterly cash dividend of $0.55 per share, payable on June 17, 2013 to shareholders of record at the close of business on May 17, 2013. Full Article
L-3 Communications Holdings Inc Reaffirms FY 2013 Guidance
L-3 Communications Holdings Inc reaffirmed its consolidated and segment financial guidance for fiscal 2013, previously provided on January 30, 2013. For fiscal 2013, the Company expects net sales of $12.550 billion to $12.750 billion and diluted EPS from continuing operations $ 8.15 to $8.35. Fiscal 2013 guidance does not include any impact of the Sequestration cuts to the DoD budgets mandated by the Budget Control Act of 2011, which became effective on March 1, 2013. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $12.600 billion and EPS of $8.19 for fiscal 2013. Full Article
L-3 Communications Holdings Inc Secures Contract To Build Iraq F-16 Block 52 Full Mission Trainers
L-3 Communications Holdings Inc announced that Link Simulation & Training (L-3 Link) division has been awarded a contract from the U.S. Air Force Life Cycle Management Center at Wright-Patterson Air Force Base near Dayton, Ohio, to build two F-16 Block 52 Full Mission Trainers (FMTs) for the Iraqi Air Force. The FMTs will incorporate L-3's simulated Joint Helmet Mounted Cueing System, enabling pilots to view flight information wherever they turn their head while conducting a flight. Full Article
L-3 Communications Holdings Inc Increases Quarterly Dividend And Announces New Share Repurchase Program
L-3 Communications Holdings Inc announced that its board of directors has increased its regular quarterly cash dividend 10% from $0.50 to $0.55 per share. The board has also declared the next dividend payable on March 15, 2013 to shareholders of record at the close of business on March 1, 2013. This action represents L-3`s ninth consecutive annual dividend increase. The board of directors has also authorized a new share repurchase program allowing the Company to repurchase up to an additional $1.5 billion of the Company's common stock through June 30, 2015. This new share repurchase initiative is effective immediately and represents L-3`s sixth repurchase program. Full Article
L-3 Communications Holdings Inc Reaffirms FY 2013 Revenue Guidance; Raises FY 2013 EPS Guidance
L-3 Communications Holdings Inc announced that for fiscal 2013, it expects net sales to be in the range of $12.550 to $12.750 billion compared to prior guidance range of $12.550 to $12.750 billion. Diluted earnings per share (EPS) from continuing operations in the range of $8.15 to $8.35 compared to prior range of $7.95 to $8.15. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $12.58 billion and EPS of $7.97 for fiscal 2013. Full Article
L-3 Communications Holdings Inc Wins $92.2 Million Contract To Design And Manufacture Advanced Mobile Power Sources For U.S. Army
L-3 Communications Holdings Inc announced that its Westwood division has been awarded a contract to design and manufacture the next generation of 100 kW and 200 kW generator sets, known as Large Advanced Mobile Power Sources (LAMPS), for the U.S. Army. The initial $11.5 million delivery order will provide Engineering and Manufacturing Development (EMD) over a 32-month period. Additionally, there are three production options (for a total of up to 36 months) with a contract ceiling price of $92.2 million. Full Article
L-3 Communications Holdings Inc's Security And Detection Systems Secures Contract For Second Generation Passenger Screening Systems
L-3 Communications Holdings Inc announced that its Security and Detection Systems division has received an award from the Transportation Security Administration (TSA) to supply the second generation of Advanced Imaging Technology (AIT) systems. The indefinite-delivery, indefinite-quantity (ID/IQ) contract has a ceiling value of $245 million. Under this contract, L-3 will supply its new Provision 2 system to TSA. Provision 2 is a reduced-size personnel screening system that provides the same image-free threat detection capabilities and safe millimeter wave technology as the widely deployed ProVision ATD system. The ProVision 2 detects metallic and non-metallic objects, such as weapons, explosives and other targets. Reduced-sized systems provide an alternative to full-size systems, helping to reduce the overall footprint for smaller checkpoint configurations. Full Article
L-3 Communications Holdings Inc Narrows FY 2012 Guidance To A Range In Line With Analysts' Estimates
L-3 Communications Holdings, Inc. announced that for fiscal 2012, it now expects net sales to be in the range of $13.000-$13.100 billion and diluted earnings per share (EPS) in the range of $7.80-$ 7.90. Prior guidance for fiscal 2012 was for net sales to be in the range of $12.950-$13.150 billion and diluted earnings per share (EPS) in the range of $7.70-$ 7.85. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $13.043 billion and EPS of $7.82 for fiscal 2012. Full Article
L-3 Communications Holdings Inc Secures $85 Million Contract For VideoScout
L-3 Communications Holdings Inc announced that it has been awarded an indefinite-delivery/indefinite-quantity (ID/IQ) contract for its VideoScout family of systems. Provided on behalf of the Marine Corp Systems Command by the United States Navy, the contract provides for the purchase of new equipment, modifications of existing equipment and the development of new system enhancements. If all contract options are exercised, the total potential value of this four-year program is $85 million. Full Article
L-3 Communications Holdings Inc Secures Transportation Security Administration Contract
L-3 Communications Holdings Inc announced that the Security and Detection Systems division has been awarded an indefinite-delivery/indefinite-quantity (ID/IQ) contract by the Transportation Security Administration (TSA) to supply medium-speed explosives detection systems. This five-year acquisition program has a revenue potential of $549.6 million for L-3. As one of two suppliers selected as an ID/IQ award winner, L-3 is qualified to receive orders for this equipment. Under this contract, L-3 will supply TSA with eXaminer 3DX and eXaminer 3DX-ES systems for use in checked bag screening at the airports. Full Article
Former L-3 engineer gets 6 years prison over China exports
* Sixing Liu accused of stealing thousands of computer files
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
