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L-3 Discloses Additional Financial Errors, Lowers Guidance

Cal Biesecker By
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L-3 Communications [LLL] on Friday said it is making further downward adjustments in income and sales in its Aerospace Segment following similar revisions announced in July as part of its second quarter earnings call and the company also reported charges in its Electronic Systems segment related to a flight simulators program. In a Securities and Exchange Commission (SEC) filing, L-3 said that due to the findings so far of its internal review into the Aerospace Segment’s finances, it is lowering…

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