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L-3 Provides 2016 Guidance: Sees Earnings Up, Sales Down

Cal Biesecker By
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L-3 Communications [LLL] on Tuesday said it expects sales to be down about 3 percent next year while per share earnings are expected to be higher on an increase in operating income and a lower share count.L-3 announced the guidance during its annual investor day and in conjunction with the announcement that it is selling its National Security Solutions segment to CACI International [CACI] for $550 million in cash as part of an ongoing portfolio reshaping in favor of its…

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