L-3 Communications

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L-3 Communications Holdings Inc.
Type Public
Traded as NYSELLL
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 Increase $12.6 billion (2014)
Operating income Increase $1.3 million (2014)
Net income Increase $778 million (2014)
Total assets Increase $14 billion (2014)
Total equity Increase $6.1 million (2014)
Employees Approximately 48,000 (2014)
Website

L-3Com.com

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.[1]

History[edit]

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.[2]

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

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.[4]

Acquisitions[edit]

1997
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
2003
  • Ship Analytics, Inc.[5]
2005
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

Business organization[edit]

As of 2008, L-3 is organized under four business segments:

  • Command, Control, Communications, Intelligence, Surveillance and Reconnaissance (C³ISR)
  • 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[edit]

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[edit]

Federal contract suspension[edit]

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[edit]

References[edit]

  1. ^ "Company Profile." L-3 Communications. Retrieved on March 10, 2010.
  2. ^ "Robert V. LaPenta" L-1 Identity Solutions
  3. ^ "2011 Washington Technology Top 100". Retrieved 10 December 2011. 
  4. ^ Rajghatta, Chidanand (30 March 2014). "Did IAF’s 'US-made' C-130J Super Hercules that crashed have fake Chinese parts?". indiatimes.com. TNN. Retrieved 30 March 2014. 
  5. ^ http://www.thefreelibrary.com/L-3+Communications+Acquires+Ship+Analytics,+Inc.-a096647948
  6. ^ "L-3 MAPPS Company details". naval-technology.com. Retrieved 8 Jan 2011. 
  7. ^ "[1]." L-3 Communications. Retrieved on May 24, 2010.
  8. ^ Hodge, Nathan, "Spotlight On Private Firms At Pentagon", Wall Street Journal, June 12, 2010, p. 4.

External links[edit]

Group on LinkedIn