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L3 Consolidates Two Businesses Into New ISR Tech Segment; Christopher Kubasik Comments

Christopher Kubasik

L3 Technologies (NYSE: LLL) has integrated the company’s aerospace and sensor systems businesses into a new segment that will develop and offer intelligence, surveillance, reconnaissance and signals intelligence technology platforms.

“This business realignment action supports our objective to improve operating margin to 12 percent for 2019,” L3 Chairman, President and CEO Christopher Kubasik said in a statement released Thursday.

Jeffrey Miller, a corporate senior vice president and president of the former sensor systems unit, will lead the New York City-based company’s newly formed ISR systems segment.

L3 estimates that the consolidated business will generate $4.7 billion in 2018 sales.

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