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Search Results for: Michael Strianese

Michael Strianese: L3 Evaluates ‘Strategic Options’ for Vertex Aerospace Business

Michael Strianese, chairman and CEO at L3 Technologies (NYSE: LLL), has said the company has begun to assess strategic alternatives for Vertex Aerospace business after the New York-based aerospace and defense contractor posted a goodwill impairment charge for Vertex during the third quarter of 2017. Strianese said in a statement …

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Christopher Kubasik to Succeed Michael Strianese as L3 CEO in 2018

Christopher Kubasik, president and chief operating officer of L3 Technologies (NYSE: LLL), has been elected to serve as president, CEO and a board member of the company in a move that takes effect Jan. 1. He will succeed the retiring Michael Strianese, who will continue to serve as executive chairman …

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L3 Acquires UUV Power System Manufacturer in Naval Market Push; Michael Strianese Comments

L3 Technologies (NYSE: LLL) has completed the acquisition of maritime power-generation technology developer Open Water Power for an undisclosed value in a move that seeks to expand the former’s unmanned undersea vehicle portfolio. The Massachusetts-based company will take the name L3 Open Water Power and operate under L3’s sensor systems business, the …

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Michael Strianese: L3 Eyes Tactical UUV Market With OceanServer Buy

L3 Technologies (NYSE: LLL) has bought autonomous unmanned undersea vehicle manufacturer OceanServer Technology for an undisclosed sum, a move that Chairman and CEO Michael Strianese said marks L3’s expansion push into the UUV market. Fall River, Massachusetts-based OceanServer builds lightweight UUVs for military, commercial and international clients, L3 said Tuesday. The business was …

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Retired Navy Officer Gary Rosholt Joins L3 as VP for Mideast Operations; Michael Strianese Comments

Gary Rosholt, a retired U.S. Navy rear admiral and former U.S. Special Operations Command Central deputy commanding general, has joined L3 Technologies (NYSE: LLL) as vice president for Middle East operations. He will be oversee L3’s business across Saudi Arabia, the United Arab Emirates and other locations in the Middle East and help explore new …

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L-3 Closes Purchase of RF, Electronic Warfare Business Micreo; Michael Strianese Comments

L-3 Communications (NYSE: LLL) has wrapped up its purchase of Australia-based radiofrequency and electronic warfare platforms provider Micreo for an undisclosed sum. The newly acquired company will operate as L-3 Micreo that is forecast to generate $27 million in annual sales for the year ending Dec. 31, 2017 and will report to …

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CACI Closes $550M L-3 NSS Govt Services Business Buy; Ken Asbury, Michael Strianese Comment

CACI International (NYSE: CACI) has completed its $550 million cash acquisition of the National Security Solutions business from L-3 Communications (NYSE: LLL) as part of a growth strategy to target enterprise information technology and intelligence markets. CACI said Monday it expects NSS, a mission services provider for the government sector, …

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L-3 Records 3Q Loss on Nat’l Security Solutions Segment Writedown; Michael Strianese Updates Investors on NSS Separation

L-3 Communications (NYSE: LLL) — one of 30 companies listed on Executive Mosaic’s GovCon Index — has reported a third quarter loss of $3.74 per share on a writedown in its national security solutions segment, which provides cybersecurity services to government agencies. L-3 said the company recorded the goodwill impairment …

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Chris Kubasik Joins L-3 as President, COO; Michael Strianese Comments

Chris Kubasik, former president and CEO of the advisory group at professional services firm Seabury, has joined L-3 Communications (NYSE:LLL) as president and chief operating officer. L-3 said Wednesday that Kubasik will work at the company’s headquarters in New York City and will report directly to Chairman and CEO Michael Strianese. …

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Michael Strianese: L-3 Wraps Up Marine Systems Business Sale

Wartsila Corp. has completed its acquisition of L-3 Communications‘ (NYSE: LLL) Marine Systems International business for approximately $324 million. Michael Strianese, L-3 chairman, president and CEO, said Friday the company aims to reshape its portfolio and focus on core business areas. “We continue to evaluate additional portfolio-shaping opportunities that strengthen …

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