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

Leidos Wins Navy Synthetic Signature Generation Trainer Contract

Leidos (NYSE: LDOS) has won a potential three-year, $63M contract to develop, engineer and integrate a training system based on synthetic signature generation technology for the U.S. Navy. The company will also help the service brancg test, implement and maintain the SSG trainer as part of the cost-plus-fixed-fee, indefinite-delivery/indefinite-quantity contract, the Department of Defense said Tuesday.

Bechtel Wins $383M Contract to Design, Build NASA’s Second Mobile Launcher

Bechtel has been awarded a 44-month, $383M contract to design, construct, test and commission a second mobile launcher at NASA's Kennedy Space Center. NASA said Wednesday it will use the ML2 to assemble, process and launch the Space Launch System rocket with the Orion spacecraft on missions moon and Mars. The platform will be built to support KSC's exploration ground systems.