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L-3 Communications Holdings Inc (LLL)

LLL on New York Consolidated

150.38USD
30 Sep 2016
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Latest Key Developments (Source: Significant Developments)

L-3 Communications Holdings Inc signs definitive agreement to sell its national Security Solutions Business to CACI International Inc
Tuesday, 8 Dec 2015 08:00am EST 

L-3 Communications Holdings Inc:Signs definitive agreement to sell its national security solutions business to CACI International Inc.Deal for $550 million.Nss results of operations are expected to be reported as discontinued operations beginning in the fourth quarter of 2015.Says Deutsche Bank securities inc. served as financial advisor to L - 3in connection with the transaction.Continue to evaluate our portfolio for additional actions that will enable US to improve L-3's business profile".Says company expects 2015 sales of $10.4 billion, excluding nss.FY 2015 revenue view $11.45 billion -- Thomson Reuters I/B/E/S.  Full Article

L-3 Communications Holdings Inc - Military contractor L-3 pays $25.6 mln to settle U.S. fraud lawsuit - Reuters
Tuesday, 24 Nov 2015 01:59pm EST 

L-3 Communications Holdings Inc:L-3 Communications Holdings Inc agreed to pay $25.6 million to settle a lawsuit accusing the military contractor of defrauding the U.S. government by selling thousands of holographic weapon sights that it knew were defective - RTRS.Tuesday's settlement resolves civil claims that L-3 and its EOTech unit violated the federal False Claims Act by concealing defects that caused the sights to fail in extreme cold or humidity, including one defect that was hidden for 8-1/2 years - RTRS.Also known as combat optical sights, the sights are mounted on weapons and used by special operations forces and law enforcement to target and accurately return fire in extreme environmental conditions, according to papers filed by U.S. Attorney Preet Bharara in Manhattan federal court - RTRS.Bharara said New York-based L-3 hid the defects from the Department of Defense, Department of Homeland Security and FBI, even as it sold them tens of millions of dollars of the sights beginning in 2004 - RTRS.He also said L-3 touted the military's use of its products to improve its image and boost commercial sales - RTRS.In a statement, L-3 said it cooperated fully with the government and is pleased to settle. The company previously set aside money for the accord, which requires court approval - RTRS.  Full Article

L-3 Communications names Christopher E. Kubasik President and Chief Operating Officer
Wednesday, 28 Oct 2015 09:00am EDT 

L-3 Communications:Says Christopher E. Kubasik will become the president and chief operating officer of L-3, effective immediately.  Full Article

L-3 Communications declares regular quarterly cash dividend
Tuesday, 20 Oct 2015 09:00am EDT 

L-3 Communications:Declares regular quarterly cash dividend of $0.65 per share.Payable on Dec. 15 to shareholders of record at the close of business on Nov. 16.  Full Article

L-3 Communications acquires ForceX
Tuesday, 13 Oct 2015 04:21pm EDT 

L-3 Communications:Says acquired ForceX, Inc., which the company has renamed L-3 ForceX.L-3 ForceX will be incorporated into L-3's Integrated Sensor Systems (ISS) sector within the Electronic Systems business segment.Says terms of the transaction have not been disclosed, but the acquisition is expected to be immediately accretive.  Full Article

L-3 Communications Holdings Inc secures contract
Thursday, 8 Oct 2015 09:00am EDT 

L-3 Communications Holdings Inc:Secures contract to missionize c-130j aircraft for U.S. coast guard.  Full Article

L-3 Communications Holdings Inc reaffirms FY 2015 revenue guidance; lowers FY 2015 EPS guidance
Thursday, 30 Jul 2015 06:59am EDT 

L-3 Communications Holdings Inc:Expects FY 2015 net sales to be in the range of $11.450-$11.650 bln compared to prior range of $11.450-$11.650 bln.Expects FY 2015 diluted EPS in the range of $6.55-$6.85 compared to prior range of $7.17-$7.47.Expects FY 2015 adjusted diluted EPS in the range of $6.70-$7.00 compared to prior range of $7.35-$7.65.FY 2015 revenue of $11.609 bln and EPS of $7.55 - Thomson Reuters I/B/E/S.  Full Article

L-3 Communications Holdings Inc declares quarterly dividend
Wednesday, 10 Jun 2015 03:59pm EDT 

L-3 Communications Holdings Inc:Declares regular quarterly cash dividend of $0.65 per share.Payable on Sept. 15 to shareholders of record date as on Aug. 17.  Full Article

L-3 Communications Holdings acquires CTC Aviation Group
Thursday, 28 May 2015 08:45am EDT 

L-3 Communications Holdings Inc:Acquires CTC Aviation Group, now known as L-3 CTC Ltd.Purchase price is 143 mln pounds (about $220 mln).Deal was funded with cash on hand.Acquisition is expected to be immediately accretive to L-3's results of operations.L-3 CTC will be integrated into the Precision Engagement & Training sector, which is part of L-3's Electronic Systems segment.  Full Article

L-3 Communications Holdings Inc secures $81.8 million contract
Tuesday, 12 May 2015 12:07pm EDT 

L-3 Communications Holdings Inc:Says it has been awarded an $81.8 million contract from Raytheon Australia to supply australian defence force with 236 very small aperture terminals , additional support equipment, and training as part of Joint Project 2008 Phase 5B1.Says two L-3 business units, Global Communications Solutions and Linkabit, will perform on this contract, with hardware deliveries expected to be completed this year.  Full Article

BRIEF-L-3 Communications to acquire Micreo Limited

* L3 Communications Holdings Inc says deal to be accretive to L-3's earnings