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Organic Growth, Higher Margins Lead L-3 To Strong Fourth Quarter

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By Calvin Biesecker L-3 Communications [LLL] yesterday posted strong fourth quarter income and sales driven by organic growth and better operating performance. Almost all of the sales growth in the quarter and the year was organic, as the company completed just four acquisitions in 2007 valued at just over $200 million, the most recent of which occurred in December with the purchase of MKI Systems, a small veteran owned business providing logistics services to the DoD. Most of L-3's cash…

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