Tag Archives: michael strianese

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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L-3 Adds New ISR Tools with ForceX Acquisition; KippsdeSanto’s Karl Schmidt on ISR’s M&A Environment

L-3 Communications (NYSE:LLL) has bought intelligence, surveillance and reconnaissance software and geospatial technology company ForceX for an undisclosed amount as part of efforts to grow L-3’s integrated sensor systems business. L-3 said Tuesday it expects the transaction to immediately help increase its earnings and has renamed the Nashville, Tennessee-based business L-3 ForceX. …

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WSJ: L-3 Eyes Potential Separation of Nat’l Security Business

L-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 …

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Mark Von Schwarz Named President of L-3 Aerospace Systems; John McNellis Comments

Mark Von Schwarz, formerly president of the ISR and aircraft systems sector and mission integration division at L-3 Communications’ (NYSE: LLL) aerospace systems segment, has been named president of the segment. L-3 said Wednesday that Von Schwarz, who also assumes a senior vice president role at the company, will succeed John …

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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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Wartsila to Buy L-3’s Marine Systems Int’l Business for $357M; MIchael Strianese Comments

L-3 Communications (NYSE: LLL) has agreed to sell its Marine Systems International business to Wartsila Corp. for $357 million in a move that L-3 CEO Michael Strianese says is part of the company’s plan to reshape its portfolio. The companies expect to complete the transaction in the second quarter of 2015 and Wartsila will assume $75 …

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L-3 Board Authorizes $1.5B Stock Repurchase; Michael Strianese Comments

L-3 Communications (NYSE: LLL) has received the go-ahead from its board of directors to buy back another $1.5 billion in shares through June 30, 2017. “We are pleased to increase our share repurchase program by $1.5 billion, which reflects our solid financial performance, strength in our balance sheet and continued …

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Michael Strianese: L-3 Buys Data Tactics Corp. for Analytics Market Push

L-3 Communications (NYSE: LLL) has purchased big data analytics and cloud computing services provider Data Tactics Corp. for an undisclosed sum. McLean, Va.-based Data Tactics is a prime contractor for several national security programs in the areas of big data management and analysis, L-3 said Wednesday. Data Tactics’ customers include …

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L-3 Buys Radar Sensor Maker Mustang Technology; Michael Strianese Comments

L-3 Communications (NYSE: LLL) has purchased radar sensor builder Mustang Technology Group L.P. for an undisclosed amount in an effort to grow technology and service offerings and expand customer base. Mustang has been renamed L-3 Mustang Technology and its technologies and customers are a part of L-3’s precision engagement business within …

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L-3 Increases 9th Straight Quarterly Dividend, Buying Back $1.5B In Shares

L-3 Communications (NYSE: LLL) has increased its quarterly dividend for the ninth straight quarter as the board of directors declared a 55-cent dividend, 10 percent more than the previous 50-cent dividend. The company will also enter its sixth share repurchase program as the board has approved a plan to buy …

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