As the military redoubles its emphasis on intelligence, L-3 is playing a bigger role than ever in the defense business. Spun off from Lockheed Martin eight years ago, the company has made a name for itself in night-vision gear, secure communications, and satellite controls. And, with its pending deal to acquire Titan Corp. for $2.65 billion, it can tap the growing demand for intelligence software.
All the while, the company continues to manufacture the black boxes that record airplane-flight data.
All figures are for the most recent available 12 months.
* Latest available data for the 12-month period ended Dec. 31, Jan. 31, Feb. 29, Mar. 31, or Apr. 30. For companies that do not report quarterly, the most recent annual data were used.
Data provided by Standard & Poor's Compustat, BusinessWeek
L-3 Communications Holdings Inc. (L-3 Holdings), through its wholly owned subsidiary, L-3 Communications Corp. provides intelligence, surveillance, and reconnaissance (ISR) systems; secure communications systems; and training and government services, as well as aircraft modernization products for aerospace and defense platforms. Its ISR products include signals intelligence and communications intelligence systems, which provide to the warfighter in real-time the ability to collect and analyze unknown electronic signals from command centers, communication nodes, and air defense systems for real-time situation awareness and response. The company’s secure, high data rate communications systems for reconnaissance and surveillance applications are used in communication, command and control, intelligence gathering, and space systems. These products are offered to the Department of Defense (DoD) and U.S. Government intelligence agencies. In addition, L-3 Holdings provides teaching and training services, maintenance, and logistics support for training devices; communication systems support and engineering services; and marksmanship training systems and services. It offers these services to aircrews, navigators, mission operators, gunners, and maintenance technicians for various platforms, including military fixed and rotary wing aircraft, air vehicles, and various ground vehicles, as well as computer-based training systems, primarily to the DoD, U.S. Government intelligence agencies, and allied foreign governments. The company’s aircraft modernization products and services comprise specialized aircraft modernization, upgrade, maintenance and logistics support services; quick response field teams; cockpit voice and flight data recorders; traffic alert and collision avoidance systems; terrain awareness warning systems; advanced cockpit avionics products; and ruggedized custom cockpit displays. These products and services are sold primarily to the DoD and the Canadian Department of National Defense. Further, the company provides a range of specialized products, including naval warfare products, security systems, telemetry and navigation products, sensors, training devices, premium fuzing products, and microwave components. It sells these products primarily to the DoD, allied foreign militaries, and the U.S. Transportation and Security Administration. L-3 Holdings was organized in 1997 and is based in New York City.
No. of Employees
44,200
Data provided by
Frank C. Lanza
Bio
Frank C. Lanza has been Chairman and Chief Executive Officer of L-3 Communications Holdings Inc. since April 1997. From April 1996, when Loral Corp. was acquired by Lockheed Martin Corporation, until April 1997, Mr. Lanza was Executive Vice President of Lockheed Martin, a member of Lockheed Martin's Executive Council and Board of Directors and President and Chief Operating Officer of Lockheed Martin's command, control, communications and intelligence (""C(3)I"") and Systems Integration Sector, which comprised many of the businesses Lockheed Martin acquired from Loral. Prior to the April 1996 acquisition of Loral, Mr. Lanza was President and Chief Operating Officer of Loral, a position he held since 1981. He joined Loral in 1972 as President of its largest division, Electronic Systems. His earlier experience was with DalmoVictor and Philco Western Development Laboratory. Mr. Lanza has been a Director of L-3 Communications Holdings Inc. since April 1997. Mr. Lanza served as a Director of LogiMetrics Inc. from September 2000 to October 16, 2002 and also served as the Chairman of the Board.
* Latest available fiscal year
** The sum of the net value of options exercised and held in the latest available fiscal year
Key Executives
Frank C. Lanza, Robert V. LaPenta, Michael T. Strianese, Christopher C. Cambria, Charles J. Schafer, James W. Dunn, Jimmie V. Adams, David T. Butler III, Ralph G. D'Ambrosio, Kenneth R. Goldstein, Robert W. RisCassi, Stephen M. Souza, Dr. Jill J. Wittels
Board Members
Frank C. Lanza, John M. Shalikashvili, John P. White, Thomas A. Corcoran, Claude R. Canizares, Alan H. Washkowitz, Robert B. Millard, Arthur L. Simon
