L-3 Communications

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L-3 Communications Holdings Inc.
Public
Traded as NYSELLL
S&P 500 Component
Industry Aerospace, Defense
Founded 1997
Headquarters New York City, New York, United States
Key people
Michael T. Strianese
(Chairman, President and CEO)
Products AVCATT, numerous specialized components
Revenue
  • Decrease US$ 12.629 billion (2013) [1]
  • US$ 13.146 billion (2012) [1]
  • Decrease US$ 1.258 billion (2013) [1]
  • US$ 1.351 billion (2012) [1]
  • Decrease US$ 778.0 million (2013) [1]
  • US$ 810.0 million (2012) [1]
Total assets
  • Increase US$ 14.009 billion (2013) [1]
  • US$ 13.791 billion (2012) [1]
Total equity
  • Increase US$ 6.098 billion (2013) [1]
  • US$ 5.543 billion (2012) [1]
Number of employees
Approximately 48,000 (2014)
Website L-3Com.com

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 three years before in 1993.[3]

L-3 has continued to expand through mergers and acquisitions to become one of the top ten U.S. government contractors.[4]

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.[5]

Acquisitions

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.[6]
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.[8]
2010
2012
  • Thales Training and Simulation (partial), a multinational company which manufactures simulators, including full flight simulators and military simulators, and provides related training and support services - a wholly owned subsidiary of the Thales Group. In August 2012 L-3 acquired Thales Group's civil fixed-wing flight simulation business.[9]
2015
  • CTC Aviation Limited, a company based in Southampton providing training and resourcing to many international airlines, most notably through its 'CTC Wings' ab-initio flight training program which successfully places many cadets within a vast network of partner airlines. As well as providing MPL courses for airlines such as Qatar Airlines, easyJet and Flybe, CTC Aviation also trains pilots on the British Airways Future Pilot Program. The aviation academy has a 98%[10] employment rate with various airlines including Ryanair, FlyBe and many more. CTC also has locations in Hamilton, New Zealand, Phoenix, Arizona and Gatwick Airport in London.[11]

Business organization

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

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.

Naming

Despite the similarity in naming, there is no corporate connection between L3 Communications and networking provider Level 3 Communications, whose name is often abbreviated "L3" in informal industry communication.

Products

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[13] ended the temporary suspension on July 27, 2010.

See also

References

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  2. "Company Profile." L-3 Communications. Retrieved on March 10, 2010.
  3. "Robert V. LaPenta" L-1 Identity Solutions
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  6. http://www.thefreelibrary.com/L-3+Communications+Acquires+Ship+Analytics,+Inc.-a096647948
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  8. "[1]." L-3 Communications. Retrieved on May 24, 2010.
  9. "[2]." Retrieved on Nov 24, 2014.
  10. Lua error in package.lua at line 80: module 'strict' not found.
  11. http://www.l-3com.com/media-center/press-releases.html?pr_id=2054036
  12. [3][dead link]
  13. Hodge, Nathan, "Spotlight On Private Firms At Pentagon", Wall Street Journal, June 12, 2010, p. 4.

External links

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