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  • Wednesday, September 27, 2023

WSJ: L-3 Eyes Potential Separation of Nat’l Security Business


L-3 logoL-3 Communications (NYSE: LLL) is looking into a potential separation of its national security solutions business that offers cybersecurity services to government and commercial agencies, the Wall Street Journal reported Thursday.

Doug Cameron writes that segment recorded $1.2 billion in sales during its 2014 fiscal year and the company’s review of its structure also includes its commercial jet business.

L-3 CEO Michael Strianese told investors in a post-earnings call he believes the company can sell its services business before its competitors BAE Systems PLC and Lockheed Martin (NYSE: LMT), the report said.

“I’m not concerned we’re swamping the market, ” Strianese told investors.

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