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Search Results for: L-3

October 27 Market Close: GovCon Index Tumbles on Raytheon & L-3 Guidance Misses, Other Defense Primes Lag

Executive Mosaic’s GovCon Index posted its biggest percentage decline in four weeks Thursday after Raytheon (NYSE: RTN) and L-3 Communications (NYSE: RTN) posted guidance ranges below Wall Street analysts’ expectations with other large defense primes also the GCI’s largest drags. GovCon Index decliners outnumbered advancers at a 4-to-1 ratio and McKesson …

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Raytheon Lifts Guidance as 3Q Earnings Top Street; L-3’s 2017 Outlook Below Analyst Consensus

GovCon Index– and S&P 500-listed defense contractors Raytheon (NYSE: RTN) and L-3 Communications (NYSE: LLL) lifted full-year earnings per share and revenue guidance before markets opened Thursday with third quarter EPS above Wall Street’s expectations for both companies. Raytheon showed a year-over-year revenue increase for the third quarter on growth …

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L-3 to Supply Comms Equipment for UK Defense Ministry

TYSONS CORNER, VA, Oct. 26, 2016 — L-3 Communications (NYSE: LLL) will supply a joint common remote viewing terminal to the U.K. ministry of defense under a $23.2 million contract, ExecutiveBiz reported Tuesday. The company said Monday the terminal will work to support MoD’s effort to integrate the operations of its intelligence, surveillance, …

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Weekly Roundup October 10 – October 14, 2016: DigitalGlobe Enters M&A Picture, L-3 Buys Again & more

October 10 – October 14, 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson We have yet another player in the GovCon M&A scene in the form of the company whose satellites help governments and businesses around the world map every piece of planet …

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L-3 to Buy Implant Sciences’ Explosive Trace Detection Assets for $117M

L-3 Communications (NYSE: LLL) has agreed to purchase the explosive trace detection business assets of Implant Sciences for $117.5 million cash in a push to expand the former’s portfolio of security and detection platforms. L-3 said Monday it will assume specified liabilities under the asset purchase agreement with Implant Sciences and will integrate …

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Weekly Roundup October 3 – October 7, 2016: L-3 Makes Buys, M&A Chatter Around Harris & more

October 3 – October 7, 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson The stalwart GovCon technology maker L-3 Communications extended its profile as an active player in the merger-and-acquisition scene this week and closed its first buys since a large business divestiture …

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L-3 Seeks Pilot Training Business Growth Through Aerosim Buy

L-3 Communications (NYSE: LLL) has acquired pilot and aircraft maintenance technician training company Aerosim for an undisclosed sum in a push to complement L-3’s airline crew training, resourcing and simulation offerings. New York City-based L-3 said Tuesday it will integrate Aerosim into the defense technology contractor’s commercial training solutions division and change the newly acquired business’ name …

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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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Former L-3 NSS Exec Bill Scott Joins STG as Cybersecurity VP; Phil Lacombe Comments

Bill Scott, a former vice president at L-3 Communications (NYSE: LLL), has been appointed VP of cybersecurity and secure information systems at Reston, Virginia-based government services contractor STG Group. Scott will work to manage STG’s resources, implement growth strategies and develop platforms designed to safeguard national security networks in collaboration with …

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