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

Army Awards $3 Billion Deal To Lockheed For Sentinel A4 Radar Production

Advanced / Transformational Technology

Hegseth Establishes New Czar To Oversee Pentagon’s Unmanned Systems Work

Advanced / Transformational Technology

Auriga Space Introduces Hypersonic Materials Testing; Notches First Customer

Business/Financial

Private Equity Firm Arcline Investment To Acquire Avantus Aerospace Group

Trending

Duffey: F-47 “At the Cutting Edge of Technology” and Government, Industry Collaboration
Honeywell Aerospace Begins Trading On Nasdaq
PACAF Evaluating Boeing MQ-28 Ghost Bat In Valiant Shield
House Appropriators Uncertain Navy Will Award F/A-XX Contract By August
Trump Directive Wants Review Of Programs That Could Be Replaced By Drones

Congress Updates

Congress

House Heads For Recess Without Moving On NDAA After Procedural Vote Fails

The House will leave for the Fourth of July recess without moving forward on its $1.15 trillion fiscal year 2027 National Defense Authorization Act (NDAA), with a procedural vote to […]

Congress

Bipartisan Group Of House Members Introduce U.S.-Ukrainian Co-Production Bill For Unmanned Systems

A bipartisan group of six House legislators have introduced the Strategic Unmanned Systems Partnership Act–a bill to improve drone collaboration between the U.S. and Ukraine. Rep. Michael McCaul (R-Texas), the […]

Space

Will $4 Billion For SB-AMTI/Space Data Network Backbone In Supplemental Reduce Or Add To Planned Funding For Systems In Reconciliation?

Nearly all of the Department of the Air Force’s fiscal 2027 procurement and research and development (R&D) budget for space-based air moving target indication (SB-AMTI) and the Space Data Network […]

Congress

House Appropriators ‘Concerned’ With JLTV A2 Delays, Shift Funds For Marines’ Second Supplier Effort

House appropriators have said they’re “seriously concerned” with Joint Light Tactical Vehicle (JLTV) A2 delays, as their fiscal year 2027 defense spending bill shifts funds to support the Marine Corps’ […]

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