Sign In
Search
Business/Financial

L3 Reports Solid Sales In Second Quarter; Preparing To Consolidate

Cal Biesecker By
SHARE:
L3 Reports Solid Sales In Second Quarter; Preparing To Consolidate
Chris Kubasik, chairman, president and CEO of L3 Technologies. Photo: L3

L3 Technologies [LLL] on Thursday reported higher sales in its second quarter driven by organic growth while earnings results were a bit mixed given gains from sales from various business units as well as a debt retirement charge.Net income was $375 million, $4.72 earnings per share (EPS), up 86 percent from $202 million ($2.54 EPS) a year ago. The recent sale of the company’s Vertex, Crestview and TCS business units to a private equity firm contributed $205 million ($2.58 EPS)…

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

U.K. Defense Firm OpenWorks Expands Into U.S. Market

Air Force

USAF Awards Raytheon Nearly $21 Billion for AMRAAM Foreign Orders

Air Force

Design for Ground Support of Sentinel ‘Has Really Turned the Corner’

Trending

Defense Watch: Munitions Shortages, IVEWS LRIP, Satellite Infrastructure
DoD Plans Counter-Drone Laser Shoot Off In December
Northrop Grumman Lands $508 Million Missile Defense Support Contract
Lockheed Martin Vectis To Have ‘Almost F-35 Like Capabilities’
Greenland Agreement Allows For Golden Dome System

Congress Updates

Congress

CBO Estimates Loss of One-Half to Two-Thirds of U.S. Missile Interceptors Since June Last Year

A new Congressional Budget Office report estimates the cost of the Iran war through Aug. 1 as $38 billion and says that the U.S. has likely depleted between one-half and […]

Missile Defense

Fischer Says Golden Dome Boosters Need To Increase Capitol Hill Support With Information, Warns Against Counting On Reconciliation

NATIONAL HARBOR, Md. – A Senate Armed Services panel chair today said boosters of the Golden Dome program still have work to do to increase support on Capitol Hill while […]

Navy/USMC

HII Executive Outlines Its Shipbuilding Acceleration Strategy

An HII [HII] shipbuilding executive last week told lawmakers how the company plans to improve and accelerate shipbuilding throughout via workforce improvements, adding new shipbuilding infrastructure and reinforcing distributed shipbuilding […]

Congress

House Sends Dec. 11 CR With Ship Construction Funds To Trump’s Desk For Final Signature

The House on Tuesday passed a stopgap funding bill to keep the government open through Dec. 11, sending the temporary funding measure that also includes funds to support ongoing shipbuilding […]

The Force Multipliers

Force Multipliers

Michael Harrison – SANS Institute

Force Multipliers

Michael DiOrio – Dataminr

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Job Feed

Post a Job // Post a Resume