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L-3’s Earnings Fall On Further Charges; Strategic Review Underway Of National Security Segment

Cal Biesecker By
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L-3 Communications [LLL] on Thursday reported lower earnings and sales in its second quarter as continued difficulties with head-of-state aircraft modification projects dented the bottom line and the company also said it is exploring a potential divestiture of its $1.2 billion National Security Solutions (NSS) segment to focus on its core defense electronics, communications systems, and ISR businesses.The announcement that L-3 is exploring strategic alternatives for the NSS segment follows Lockheed Martin’s [LMT] decision last week to do the same with…

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