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L-3 Communications Holdings

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.

Company Info

Revenues* $7.3 BILLION
Revenue Growth 33.6%
Return on Equity 10.3%
Total Return11.8%
Profits* $412.3 MILLION
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

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Company Snapshot

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


Data provided by Capital IQ
Frank C. Lanza

Frank C. Lanza

AGE: 73


Chairman and Chief Executive Officer

CEO Bio >

Total Compensation*


Total Value of Options**

$ 116.9 MILLION

Degrees Held


* 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

Data provided by Capital IQ
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