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Search Results for: L-3

L-3 Reports Net Loss for 4Q, FY 2015 on Services Segment Writedown & Sale

L-3 Communications (NYSE: LLL) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has reported a net loss for the second consecutive quarter on a writedown in its government services segment the company is in the process of divesting. The New York City-based defense electronics manufacturer agreed …

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L-3 Unit to Upgrade Software of Romanian Nuclear Plant Simulator

TYSONS CORNER, VA, January 26, 2016 — A division of L-3 Communications (NYSE: LLL) will work to update the digital control computer emulation of the Cernavoda nuclear power plant simulator under a contract with Romania’s Societatea Nationala Nuclearelectrica, ExecutiveBiz reported Monday. L-3 MAPPS will provide the upgraded software for the simulator by …

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L-3 to Repair Navy Virginia-/Ohio-Class Submarines Under $45M Contract

TYSONS CORNER, VA, January 19, 2016 — L-3 Communications (NYSE: LLL) has received a three-year, $44.7 million contract for the upgrade, repair and overhaul of the photonics masts of U.S. Navy Virginia-class and Ohio-class submarines, ExecutiveBiz reported Friday. The Defense Department said Thursday the company will perform engineering, technical and other contract work in …

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Mitcham Buys L-3’s Sonar Tech Manufacturing Business

Mitcham Industries has bought an L-3 Communications (NYSE: LLL) business unit that offers side-scan sonar and waterside security systems to the military and commercial sectors. Texas-based Mitcham sells or leases geophysical equipment for energy, academic, environmental, seismic and government use,  and the company aims to expand its technology and customer base through …

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Weekly Roundup Dec 7 – Dec 11 2015: CACI Puts Ribbon on 2015 Consolidation w/ L-3 Services Biz Buy & more

Weekly Roundup Dec 7 – Dec 11 2015 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Two of the country’s 25 largest government contractors announced a transaction this week long anticipated by market observers as one of many in the sector’s ongoing shift in …

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Ken Asbury: CACI’s Purchase of L-3 Services Arm Seeks Wider Intell, Enterprise IT Presence

Arlington, Virginia-based CACI International (NYSE: CACI) seeks a wider presence in the intelligence community and enterprise information technology markets through its $550 million acquisition of L-3 Communications‘ (NYSE: LLL) government services segment,  CACI CEO Ken Asbury told investors Tuesday. Asbury also said in the call with analysts to discuss the deal that by CACI’s 2017 fiscal year, the …

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L-3 Agrees on $550M Gov’t Services Segment Sale to CACI

New York City-based defense contractor L-3 Communications (NYSE: LLL) has agreed to sell its government services business segment to Arlington, Virginia-headquartered public sector services company CACI International (NYSE: CACI) for $550 million cash, the companies said Tuesday. The companies expect the transaction to close by March 2016 pending regulatory approvals and CACI said in investor slides …

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L-3 NSS Division to Provide Army Cloud IT Services; Les Rose Comments

An L-3 Communications (NYSE: LLL) division has received a potential five-year, $107 million task order to provide technical support and cloud-based services for about 20, 000 computing systems of the U.S. Army. L-3 said Monday its national security solutions segment will help the Army’s information technology agency to manage standard and virtual desktop computers and …

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L-3 Receives $130M Army Quick-Reaction Aircraft Contract Modification

L-3 Communications (NYSE: LLL) has been awarded a $129.7 million contract modification to produce 13 quick-reaction capability aircraft for the U.S. Army. L-3 will provide the aircraft in compliance with the Enhanced Medium Altitude Reconnaissance and Surveillance System, the Defense Department said Monday. The company will perform work in Greenville, …

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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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