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

Army

SASC’s FY ‘27 NDAA Sticks With Army’s Plan For Legacy Aviation Procurement Cuts

Defense Watch

Defense Watch: Budget Progress, Tanker News, AIA Concerns with Bill, VAMPIRE Order

Business/Financial

CSIS Releases Report On Rocket Motor Industrial Base Challenges And Opportunities

Advanced / Transformational Technology

Proposed Elimination of SDA And Space RCO Faces Opposition

Trending

USAF Looks To Start Building Family Of Affordable Mass Missiles In September
HASC’s Final FY ‘27 NDAA Expands Systems Eligible For Multi-Years, Includes LTAMDS, IBCS, ARRW
Air Force Eyes Mass Production of FAMM-P While Also Pursuing FAMM-L
State Department Okays $2 Billion Sale Of Anduril C-UAS Systems; JASSM-ER For Denmark
SpaceX Gets Nearly $4.2 Billion Nod From Space Force For Initial SB-AMTI

Congress Updates

Congress

SASC’s FY ‘27 NDAA Sticks With Army’s Plan For Legacy Aviation Procurement Cuts

The Senate Armed Services Committee’s (SASC) version of the next defense policy sticks to the Army’s proposed plan to cut procurement of its legacy aviation fleet, and does not authorize […]

Congress

SASC Approves $1.14 Trillion FY ‘27 NDAA With ‘Right to Repair’ Reform, Stock Buyback Restriction

The Senate Armed Services Committee (SASC) has approved its $1.14 trillion version of the next defense policy bill, adopting “right to repair” reform to provide the military services’ greater ability […]

Congress

House Appropriators Unveil $1.07 Trillion FY ‘27 Defense Bill, Restore Funds For E-7, Army Aviation

House appropriators on Wednesday released their $1.07 trillion fiscal year 2027 defense spending bill, with the legislation reversing Army aviation cuts, restoring funding for the Air Force’s E-7 Wedgetail program […]

Congress

MOSA Implementation By Pentagon Lagging, GAO Official Says

While the Modular Open Systems Approach (MOSA) has been a requirement for major defense acquisition programs since January 2019 and other Defense Department acquisitions since January 2021, few programs are […]

The Force Multipliers

Force Multipliers

Michael DiOrio – Dataminr

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Force Multipliers

Force Multipliers – Krista McKendree

Job Feed

Post a Job // Post a Resume