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L-3 Communications
From Wikipedia, the free encyclopedia
- Not to be confused with Level 3 Communications, an Internet carrier
| L-3 Communications Holdings Inc. | |
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| Type | Public (NYSE: LLL) |
| Founded | 1997 |
| Headquarters | New York City, New York, USA |
| Key people | Michael T. Strianese Jimmie V. Adams Robert W. RisCassi |
| Industry | Homeland Defense Products and Services |
| Products | AVCATT, numerous specialized components |
| Revenue | $12.48 Billion USD (2006) |
| Employees | 44,200[1] |
| Website | http://www.l-3com.com/ |
L-3 Communications Holdings, Inc. (NYSE: LLL) is a company that supplies command, control, communications, intelligence, surveillance and reconnaissance (C3ISR) systems and products, secure communications systems and products, avionics and ocean products, training devices and services, microwave components and telemetry, instrumentation, space and navigation products. Its customers include the Department of Defense, Department of Homeland Security, selected U.S. Government intelligence agencies, aerospace prime contractors and commercial telecommunications and wireless customers.
L-3 is headquartered in New York City, New York.
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L-3 (named for Frank Lanza, Robert LaPenta, and Lehman Brothers) was formed in 1997 from the purchase of six former business units of Lockheed Corporation when Lockheed merged in 1996 with Martin Marietta; the six units were those which the new Lockheed Martin was uninterested in owning.
L-3 has continued to grow since then through numerous acquisitions to become one of the top 7 US government contractors.
In 2005, L-3 acquired Titan Corp., post Lockheed-Martin's failed attempt. In June 2006, L-3 acquired Crestview Aerospace, a company based in Northwest Florida. Crestview Aerospace provides aircraft structures, major airframe assemblies and military aircraft modifications for leading Prime contractors and OEMs in the aerospace industry.
On June 7, 2006, L-3 CEO and co-founder Frank Lanza suffered an untimely death. CFO Michael T. Strianese was named as interim CEO, and was appointed President and CEO of the company on October 23, 2006.
- ^ IT100: L-3 Communications Holdings Profile. BusinessWeek. Retrieved on 2007-01-29.
Wholly Owned Subsidiaries