Tuesday, August 11, 2015

L-3 Communications: A Global Top Defense Contractor

Created in 1997, L-3 Communications is one of the leading names in the industry of aerospace and defense. The company is currently headquartered in Manhattan, New York and supports the needs of some of the largest organizations in the United States and top players in the telecommunications industry.

This American company offers a wide array of products and services that continue to generate the company’s annual revenue of more than $12.6 billion. The business is listed as a component of the Wilshire 5000 and S&P 500 Indices. Though fairly new in the industry, the company has greatly expanded its operations since its inception. Through organic growth and its aggressive approach in acquisition, the company has amassed several businesses and competing companies have folded in the presence of L-3 Communications. Currently, there are four major segments that operate within the business: Government Services, Aircraft Modernization and Maintenance, Specialized Products and Command, Control, Communications, Intelligence, Surveillance and Reconnaissance (C3ISR).

The company has several products in the market. Some of these include the millimeter wave airport passenger screening systems, trace level explosive detection system, a mobile aviation training simulator, holographic weapon sights, airport baggage scanning systems and electro optical imaging systems. Telecommunication and wireless companies make use of the products and services offered by the business. Its biggest clients include NASA, the Department of Homeland Security, the Department of Defense and the U.S. Government Intelligence agencies. Additionally, there are several aerospace contractors that advocate the offerings of the company.

There are more than 48,000 employees who are working for the company. The success of the company, as outlined on their website lies in three things: commitment, innovation and agility. The business continues to trade publicly on the New York Stock Exchange, using the ticker symbol LLL.

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