Sign In
Search
Business/Financial

Despite Sales Gain, L3’s Fourth Quarter Earnings Fall On Higher Taxes, Charge

Cal Biesecker By
SHARE:
Despite Sales Gain, L3’s Fourth Quarter Earnings Fall On Higher Taxes, Charge
Christopher Kubasik, L3 Technologies Chairman, President and CEO. Photo: L3 Technologies

L3 Technologies [LLL] on Tuesday reported strong fourth quarter sales but earnings fell due to higher taxes and charges related to its traveling wave tube (TWT) business, and expenses related to its pending merger with Harris Corp. [HRS]. The charge at the TWT business cut $45 million from operating profit, which helped keep the company’s segment operating margin for the year flat at 10.8 percent versus 2017. L3 executives said on the company’s earnings call that they are fixing 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

Business/Financial

Singularity, Startup Developing Low-Cost Air Defense Systems, Exits Stealth With $80 Million Round

Business/Financial

Trump Tries Tightening Defense Contractors Access To Strategic Materials Sourced From Adversaries

Business/Financial

Pentagon Invests $25 Million With ReElement To Process Recycled Magnets

Business/Financial

Pentagon’s Strategic Capital Office To Support Credit Funds Investing In Critical Minerals Companies

Trending

Electra Selects Ohio Site To Produce Dual-Use Hybrid-Electric Aircraft
Pentagon Seeks Bomber Prototypes In Drone Dominance Program
Northrop Grumman To Produce SRMs For PAC-3 Missiles As Second Source
BETA Working With Sikorsky On New MV250 Hybrid-Electric VTOL For Contested Logistics
Space Force Boosts Ceiling For NSSL Phase 3, Lane 1 By $11.4 Billion

Congress Updates

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 […]

Congress

House Republicans’ Blueprint For Reconciliation 3.0 Includes $60 Billion For Defense

House Republicans on Wednesday unveiled a blueprint for a third reconciliation bill that includes $60 billion for defense, a figure slightly below the Trump administration’s request to cover Iran war […]

Congress

Senate Dems Block Consideration Of FY ‘27 NDAA Over Iran War Concerns

Senate Democrats on Tuesday blocked a vote to advance consideration of the chamber’s $1.14 trillion fiscal year 2027 National Defense Authorization (NDAA). The procedural vote was 46-50, failing to reach […]

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