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L-3 Communications 

“Market Cap $10.2 B As of May 2014

At a Glance
  • Industry: Aerospace & Defense
  • Founded: 1997
  • Country: United States
  • CEO: Michael Strianese
  • Website: www.l-3com.com
  • Employees: 48,000
  • Sales: $12.63 B
  • Headquarters: New York, New York
Forbes Lists

#782 Global 2000

  • #768 in Sales
  • #781 in Profit
  • #1390 in Assets
  • #1059 in Market value
Profile

L-3 Communications Holdings, Inc. is a contractor in intelligence, surveillance and reconnaissance systems, command, control, communications, aircraft modernization and maintenance, and sustainment of aircraft, maritime vessels and ground vehicles, and national security solutions. It also provides broad range of electronic systems used in military and commercial platforms. The company operates its business through four segments: Electronic Systems, C3ISR, Aircraft Modernization & Maintenance, and National Security Solutions. The Electronic Systems segment provides a broad range of products and services, including components, products, subsystems, systems, and related services to military and commercial customers in several niche markets across several business areas, including power & control systems, electro-optic/infrared, microwave, simulation & training, precision engagement, warrior systems, security & detection, propulsion systems, avionics and displays, telemetry & advanced technology, undersea warfare, and marine services. The C3ISR segment provides products and services for the global ISR market, which specializes in signals intelligence (SIGINT) and communications intelligence (COMINT) systems. It provides C systems, networked communications systems and secure communications products for military and other U.S. Government and allied foreign government intelligence, reconnaissance and surveillance applications. The Aircraft Modernization and Maintenance segment provides modernization, upgrades and sustainment, maintenance and logistics support services for military and various government aircraft and other platforms. The National Security Solutions segment provides full-spectrum cyber operations support, enterprise and mission IT solutions, intelligence operations support, and operational infrastructure solutions. L-3 Communications Holdings was founded in April 1997 and is headquartered in New York, NY.

“L-3 Communications History

L-3 (named for Frank Lanza, Robert LaPenta and Lehman Brothers) was formed in 1997 to acquire certain business units fromLockheed Martin. These units had belonged to Lockheed Corporation and Martin Marietta, which had merged the year before.

L-3 has continued to expand through mergers and acquisitions to become one of the top ten U.S. government contractors.

On November 4, 2010 L-3 issued a part purge notification to prevent future use of Chinese counterfeit parts, but did not notify its customers whose display systems suffered from much higher than expected failure rates.

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.
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
  • 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.
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.”

*Information from Forbes.com and Wikipedia.org **Video published on YouTube by “l3comcorporation