L-3 Communications
 | |
| Type | Public |
|---|---|
| Traded as |
NYSE: LLL S&P 500 Component |
| Industry | Aerospace, Defense |
| Founded | 1997 |
| Headquarters |
600 Third Avenue New York City, New York, United States |
| Key people |
Michael T. Strianese (Chairman, President and CEO) |
| Products | AVCATT, numerous specialized components |
| Revenue |
 $15.680 billion (2011)[1] |
| Operating income |
$1.598 billion (2011)[1] |
| Net income |
$956 million (2011)[1] |
| Total assets |
$15.497 billion (2011)[1] |
| Total equity |
$6.724 billion (2011)[1] |
| Employees | 61,000 (2011)[1] |
| Website | https://www.facebook.com/L3Com |
L-3 Communications Holdings is an American company that supplies command and control, communications, intelligence, surveillance and reconnaissance (C3ISR) systems and products, avionics, ocean products, training devices and services, instrumentation, space, and navigation products. Its customers include the Department of Defense, Department of Homeland Security, U.S. Government intelligence agencies, NASA, aerospace contractors and commercial telecommunications and wireless customers.
L-3 is headquartered in Murray Hill, Manhattan, New York City.[2]
History
L-3 (named for Frank Lanza, Robert LaPenta and Lehman Brothers) was formed in 1997 to acquire certain business units from Lockheed Martin. These units had belonged to Lockheed Corporation and Martin Marietta, which had merged the year before.[3]
L-3 has continued to expand through mergers and acquisitions to become one of the top ten U.S. government contractors.[4]
Acquisitions
- 1997
- Paramax Systems Corporation from Lockheed Martin. Loral had acquired Paramax in 1995
- 2000
- Training & Simulation Division of Raytheon Systems Co., based in Arlington, Texas. This company was formerly known as Hughes Training, Inc., and part of the Hughes Aircraft Defense Group purchased by Raytheon from General Motors two years earlier. The division traces its ancestry to the original company formed by Edwin Link, inventor of the airplane simulator.
- 2002
- Raytheon Intelligence and Information Systems located in Greenville, Texas, Waco, Texas, and Lexington, Kentucky. These companies were originally part of E-Systems.
- SyColeman Corporation, which came about from the joining of Sy Technologies and Coleman Research Corporation.
- 2003
- Ship Analytics, Inc.[5]
- 2005
- Titan Corp., after a failed buyout attempt by Lockheed Martin.
- L-3 Communication Combat Propulsion Systems, previously owned by General Dynamics Land Systems.
- L-3 Communications MAPPS, previously CAE's Marine Controls unit[6]
- Electron Dynamic Devices from Boeing Satellite Systems.
- 2006
- Advanced System Architectures, a company based in Fleet, Hampshire, United Kingdom. L-3 ASA has core capabilities in the development and through-life management of complex information systems, data fusion and tracking solutions, and interoperable secure communications systems.
- 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.
- Nautronix and MariPro, based in Fremantle, Australia and Santa Barbara, California, respectively, from Nautronix Plc in Aberdeen, Scotland. Nautronix and MariPro provide acoustic ranges and hydrographics to commercial and defense markets.
- TRL Technology, a specialist defense electronics company based in Gloucestershire, United Kingdom. TRL Technology is internationally known for development and innovation in the fields of interception, surveillance, electronic warfare, and communications.[7]
- 2010
- Insight Technologies, a company based in Londonderry, New Hampshire. Insight develops and builds optics, from night-vision goggles to weapon-mounted sights and lasers.
Business organization
As of 2008, L-3 is organized under four business segments:
- Command, Control, Communications, Intelligence, Surveillance and Reconnaissance (C³ISR)
- C3ISR Support Services (which includes flight simulation manufacturing, traceable to the original designs and company of Edwin Albert Link)
- ISR Systems
- Secure Communications
- Government Services
- Aviation, Maritime, and Human Intelligence
- IT and Other Services
- Training and Staff Augmentation Services
- Aircraft Modernization and Maintenance (AM&M)
- Aircraft Modernization and Support Services
- Aviation Support Operations
- Specialized Products
- Avionics, Displays, and Specialty Products
- Marine and Power Systems
- Microwave, RF, SATCOM and Antenna Products
- Security and Detection
- Sensors, Guidance, Navigation and Simulation
Management
Frank Lanza, CEO and co-founder, died on June 7, 2006. CFO Michael T. Strianese was named as interim CEO, and was appointed Chairman, President and CEO of the company on October 23, 2006.
Products
- L-3 ProVision, Millimeter Wave Airport Passenger Screening System
- L-3 eXaminer SX, 3DX, and XLB, Airport baggage scanning systems
- L-3 OptEX, Trace level explosive detection system
- AVCATT, a mobile aviation training simulator
- Orchid , Total Development & Simulation Environment (Power, Marine)
- EOTech, Holographic weapon sights
Federal contract suspension
In 2010 it was announced that L3's Special Support Programs Division had been suspended by the United States Air Force from doing any contract work for the US federal government. A US Department of Defense investigation had reportedly found that the company had, "used a highly sensitive government computer network to collect competitive business information for its own use." A US federal criminal investigation [8] ended the temporary suspension on July 27, 2010.
See also
- Top 100 US Federal Contractors
References
- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 "2011 Form 10-K, L-3 Communications Holdings Inc.". United States Securities and Exchange Commission.
- ↑ "Company Profile." L-3 Communications. Retrieved on March 10, 2010.
- ↑ "Robert V. LaPenta" L-1 Identity Solutions
- ↑ "2011 Washington Technology Top 100". Retrieved 10 December 2011.
- ↑ http://www.thefreelibrary.com/L-3+Communications+Acquires+Ship+Analytics,+Inc.-a096647948
- ↑ "L-3 MAPPS Company details". naval-technology.com. Retrieved 08 Jan 2011.
- ↑ "." L-3 Communications. Retrieved on May 24, 2010.
- ↑ Hodge, Nathan, "Spotlight On Private Firms At Pentagon", Wall Street Journal, June 12, 2010, p. 4.
External links
- L-3 corporate website
- L-3 National Security Solutions
- L-3 STRATIS
- L-3 ASA
- L-3 Communications, Security & Detection Systems
- L-3 Communications Electron Devices
- L-3 Communications, Scandia Division
- L-3 Communications MAPPS Inc.
- L-3 Communications, Global Security & Engineering Solutions (GS&ES)
- L-3 Communications, GS&ES, Praetorian Intelligent Surveillance Solutions
- L-3 Enterprise IT Solutions
- L-3 DPA, Global Training & Simulator Solutions
Group on LinkedIn
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