Search

L3 Posts Strong Earnings, Looks To Further Cut Costs At Aerospace Systems

L3 Posts Strong Earnings, Looks To Further Cut Costs At Aerospace Systems
Chris Kubasik, chairman, president and CEO of L3 Technologies. Photo: L3

L3 Technologies [LLL] on Thursday posted strong second quarter earnings, driven in part by a gain from a property sale, a lower tax rate, and higher sales and operating income.Net income jumped 34 percent to $202 million, $2.54 earnings per share (EPS), from $151 million ($1.88 EPS) a year ago, bolstered by a $26 million (33 cents EPS) benefit from a property sale related to a consolidation within its Communication Systems segment. Excluding the benefit, per share results still easily…

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.



Contract Updates

ICF Mercantile LLC (Warren, New Jersey) – $150,000,000

ICF Mercantile LLC,* Warren, New Jersey, has been awarded a maximum $150,000,000 firm-fixed-price delivery order (SP8000-26-F-0008) issued against an indefinite-delivery/indefinite-quantity contract (SP8000-26-D-0005) for aerospace grade rayon fiber. This was a sole-source acquisition using justification 10 U.S. Code 3204 (a)(3)(A), as…


Lockheed Martin Corp. (Orlando, Florida) – $328,500,000

Lockheed Martin Corp., Orlando, Florida, was awarded a ceiling of $328,500,000 undefinitized contract action issued as a letter contract for Department of Defense and Foreign Military Sales (FMS) Sniper, Infrared Search and Track, and Low Altitude Navigation and Targeting Infrared…


Zapata Black & Veatch JV LLC (Charlotte, North Carolina) – $29,000,000

Zapata Black & Veatch JV LLC, Charlotte, North Carolina, was awarded a $29,000,000 firm-fixed-price contract for planning, design, construction, and operation services. Bids were solicited via the internet with six received. Work locations and funding will be determined with each…


Burns & McDonnell Engineering Co. Inc. (Kansas City, Missouri) – $49,000,000

Burns & McDonnell Engineering Co. Inc., Kansas City, Missouri, was awarded a $49,000,000 firm-fixed-price contract for planning, design, construction, and operation services. Bids were solicited via the internet with four received. Work locations and funding will be determined with each…