Sign In
Search
Business/Financial

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

Cal Biesecker By
SHARE:
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.

Recommended

Business/Financial

Lockheed Martin Invests $25 Million In Fortem Technologies To Strengthen C-UAS Capabilities

Business/Financial

Anduril Adds Edison Chouest Offshore For MUSV Production In The U.S.

Business/Financial

General Dynamics Posts Strong First Quarter Led By Shipbuilding

Business/Financial

Boeing Narrows Losses In First Quarter On Strong Defense Showing

Trending

True Anomaly Raises $650 Million In New Round To Continue Scaling
CoAspire Unveils Extended Range Affordable Cruise Missile
Marines Tap Sikorsky, Robinson’s Unmanned R66 For Medium Resupply Drone Development Effort
Army Begins Evaluating Bumble Bee Drone Interceptor With Autonomous Kill Capability
USAF Issues Correction on 319 Procurement Number for KC-46s, Says Number Is 263

Congress Updates

Congress

Munitions Fired Represent Most of $25 Billion Spent By Pentagon on Iran War So Far

Munitions fired in the two-month old “Operation Epic Fury” against Iran represent most of the $25 billion cost the Pentagon has incurred thus far in the conflict, the acting Defense […]

Congress

Slotkin: Pentagon Should Use Anthropic’s Mythos To Spot Cyber Security Gaps

The Pentagon should be using Anthropic‘s recently announced Mythos artificial intelligence model to spot gaps in cyber security, Sen. Elissa Slotkin (D-Mich.) said on Tuesda. “I think the thing that […]

Air Force

Budd And Shaheen Bill Would Authorize 329 F-15EX Fighters

Two members of the Senate Armed Services Committee (SASC), Sen. Ted Budd (R-N.C.) and Sen. Jeanne Shaheen (D-N.H.), have introduced the Airpower Acceleration Act, which would authorize multi-year procurements of […]

Congress

HASC’s Wittman Sees ‘Challenging’ Push For $350B In Reconciliation Funds, Wants Sustained Defense Increase

NATIONAL HARBOR, Md.– Congress’ work to pass $350 billion in reconciliation funds to support the Trump administration’s push for a $1.5 trillion fiscal year 2027 defense topline is “going to […]

The Force Multipliers

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Force Multipliers

Force Multipliers – Krista McKendree

Force Multipliers

Force Multipliers – Fred Taylor

Job Feed

Post a Job // Post a Resume