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4-Traders Homepage  >  Equities  >  Nyse  >  L-3 Communications Holdings, Inc.    LLL

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148.05 USD   +0.17%
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L 3 Communications : -3 Seected to Provide Engineering, Repair & Overhau, and Pubication Management Services on the CT-114 Tutor Aircraft Feet

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07/21/2016 | 09:57pm CEST

By a News Reporter-Staff News Editor at Defense & Aerospace Week -- L-3 Communications (NYSE:LLL) announced that its MAS division has been awarded a contract from the Canadian government to provide engineering, repair & overhaul, and publication management services on the CT-114 Tutor aircraft demonstration fleet. This two-year contract will run from 2016 to 2018 and includes three additional option years. With this award, L-3 MAS will continue to support Canada's fleet of demonstration aircraft, as it has done for more than 40 years.

"We continue to focus on strengthening our international footprint for innovative, targeted and affordable customer solutions by securing important recompete awards like this one," said Mark Von Schwarz, president of L-3's Aerospace Systems business segment. "As a leading supplier of aircraft In-Service Support (ISS) services to the Royal Canadian Air Force (RCAF), we welcome this announcement as a continuation of a long tradition of cooperation between the RCAF and L-3."

"As the OEM of the aircraft, we are excited that this contract will provide us with the opportunity to demonstrate our exceptional ISS capabilities. With our extensive CT-114 experience and versatile expertise, we are proud to offer the most cost-effective and technically superior solutions to keep the fleet airborne over the coming years," added Jacques Comtois, vice president and general manager of L-3 MAS.

L-3 MAS is a global leader in providing ISS, system upgrade and life extension solutions on a broad range of aircraft types and has provided ISS support to Canada, Australia, Finland, Spain, Switzerland and the U.S. Navy.

L-3 MAS, a division of L-3's Aerospace Systems business segment, is Canada's leading In-Service Support (ISS) integrator. L-3 MAS delivers innovative and integrated solutions, spanning fleet and life-cycle management, Electronic Information Environment (EIE) applications, systems engineering, maintenance, material management, publications and data management, and the full spectrum of ISS solutions, to maximize customer platform effectiveness. L-3 MAS also offers turnkey solutions for the design, prototyping, manufacture, repair and overhaul, and certification of aerospace components. L-3 MAS is the ISS provider for a variety of fleets, including Canada's CF-18 Hornet fighter, CC-150 Polaris transport, CH-148 Cyclone maritime helicopter and CT-114 Tutor demonstration aircraft. The company is headquartered in Mirabel, Quebec, and employs 700 people at operating centers across Canada. To learn more about L-3 MAS, please visit the company's website at www.L-3com.com/mas.

Headquartered in New York City, L-3 employs approximately 38,000 people worldwide and is a leading provider of a broad range of communication and electronic systems and products used on military and commercial platforms. L-3 is also a prime contractor in aerospace systems. The company reported 2015 sales of $10.5 billion.

Keywords for this news article include: Aerospace, Engineering, L-3 Communications.

Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2016, NewsRx LLC

(c) 2016 NewsRx LLC, source Science Newsletters

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07/21 L 3 COMMUNICATIONS : -3 Seected to Provide Engineering, Repair & Overhau, and Pu..
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Financials ($)
Sales 2016 10 121 M
EBIT 2016 1 002 M
Net income 2016 636 M
Debt 2016 3 008 M
Yield 2016 2,01%
P/E ratio 2016 18,03
P/E ratio 2017 17,23
EV / Sales 2016 1,42x
EV / Sales 2017 1,39x
Capitalization 11 393 M
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L-3 Communications Holding Technical Analysis Chart | LLL | US5024241045 | 4-Traders
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Mean consensus OUTPERFORM
Number of Analysts 11
Average target price 150 $
Spread / Average Target 1,6%
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Michael T. Strianese Chairman & Chief Executive Officer
Christopher Eugene Kubasik President & Chief Operating Officer
Ralph G. D'Ambrosio Chief Financial Officer & Senior Vice President
Paul J. De Lia Vice President-Science & Technology
Claude R. Canizares Independent Director
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L-3 COMMUNICATIONS HOL..23.88%11 393
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