Sign In
Search
Business/Financial

Tax Benefits Lift L-3’s Income In Third Quarter

Cal Biesecker By
SHARE:
Tax Benefits Lift L-3’s Income In Third Quarter
L-3 Communications Chairman and CEO Michael Strianese. Photo: L-3

L-3 Communications [LLL] on Thursday said it swung to a profit in the third quarter versus a year ago when the company suffered nearly $500 million in charges related to a business segment that it eventually divested.Net income in the quarter was $148 million, $1.88 earnings per share (EPS), versus a loss of $299 million ($3.68 EPS) a year ago, beating analysts’ estimates by six cents per share. L-3 sold its National Security Solutions unit to CACI International [CACI].Excluding the…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Missile Defense

Pentagon Signs Frameworks With L3Harris To Boost PAC-3 MSE, THAAD Propulsion Production

Congress

U.S. Fighter Fleet Will Expand By 2040 But More Stealth Aircraft Will Mean Less Availability, CBO Says

Air Force

F135 Engine Core Upgrade Set For Key Design Review Next Month, As CCA Engine Picture Clarifies

Space

Space Force Awards ESS Mission Planning App To Sphinx Defense

Trending

Boeing Divesting Stake In Joint Venture With Quantum Expertise
Ainsworth: Launch of 500 U.S. Space Force Satellites Planned By End Of 2027
Electra Selects Ohio Site To Produce Dual-Use Hybrid-Electric Aircraft
Northrop Grumman To Produce SRMs For PAC-3 Missiles As Second Source
Space Force Boosts Ceiling For NSSL Phase 3, Lane 1 By $11.4 Billion

Congress Updates

Congress

U.S. Fighter Fleet Will Expand By 2040 But More Stealth Aircraft Will Mean Less Availability, CBO Says

The number of fighter aircraft in the U.S. military inventory will decline over the next few years before expanding to a greater number than currently, but their availability for operational […]

Congress

White House Details ‘Concerns’ With Shipbuilding, Spaced-Based Interceptor Oversight In House’s NDAA

The White House has detailed “a number of concerns” with the newly-passed House version of the next defense policy bill, to include the legislation’s limits on procuring Navy ships built […]

Congress

House Narrowly Votes To Pass $1.15 Trillion FY ‘27 NDAA, Blueprint For Reconciliation 3.0

The House on Wednesday narrowly voted to pass its $1.15 trillion version of the fiscal year 2027 National Defense Authorization Act (NDAA) and a blueprint for a third reconciliation bill […]

Congress

Senate Appropriators Press On Supplemental’s Requests Beyond Iran Scope, Hegseth Urges Full Funding

Senate appropriators have pressed Pentagon leadership on the decision to include funds in the Iran war supplemental request for items beyond the current military operation, while Defense Secretary Pete Hegseth […]

The Force Multipliers

Force Multipliers

Michael Harrison – SANS Institute

Force Multipliers

Michael DiOrio – Dataminr

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Job Feed

Post a Job // Post a Resume