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Business/Financial

L-3 Forms Marine And Power Systems Group

DDN

Wednesday, March 12th, 2008

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L-3 Communications [LLL] yesterday said it has realigned some of its businesses in its Specialized Products segment to form the $1.2 billion Marine and Power Systems Group, enhancing the customer focus of the business area. "We are taking an increasingly integrated approach to business," Michael Strianese, president and CEO of L-3, said in a statement. "This realignment will help strengthen organic growth, provide a more unified focus upon the customer and broaden our systems capability." The new group will consist…

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