Home / Financial Report / WSJ: L-3 Eyes Potential Separation of Nat’l Security Business

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.

Check Also

Cubic Combines Traffic Mgmt Brands to Establish New Business; Jon Newhard Named Cubic ITS Lead

Cubic (NYSE: CUB) has formed a new business through the integration of its U.K.-based intelligent transport systems segment with its traffic management brands GRIDSMART and Trafficware.

Raytheon Lands $129M IDIQ to Support Air Force Sensor Operations, Maintenance

Raytheon (NYSE: RTN) has won a two-year, $128.5M contract to help the U.S. Air Force maintain and operate mobile sensors at radar facilities. The company will maintain operational readiness of Cobra King and Gray Star radar systems that work to provide situational awareness on a 24-hour basis, the Department of Defense said Monday.