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

Delayed Quote. Delayed  - 09/28 10:02:01 pm
153.61 USD   +0.73%
09/27 L-3 WESCAM : Appoints Mike Greenley as President
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L-3 WESCAM : Appoints Mike Greenley as President

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09/27/2016 | 04:02pm CEST

L-3 WESCAM announced today that Mike Greenley has been appointed president, reporting to Jeff Miller, president of L-3’s Integrated Sensor Systems (ISS) sector. Mr. Greenley joins L-3 from CAE Inc., where he served as vice president and general manager of CAE Canada. He will be based out of L-3 WESCAM’s head office located in Burlington, Ontario.

“We are thrilled to have Mike join the ISS team,” said Mr. Miller. “I’m confident that his extensive industry experience and focus on growth will enable him not only to continue WESCAM’s long history of market leadership, but also to help take the company to the next level of performance.”

“I’m honored to have the opportunity to work with our talented management to lead L-3 WESCAM into our next phase of expansion,” said Mr. Greenley. “With roots that trace back more than 40 years, WESCAM’s worldwide success started with significant achievement in our home market followed by years of extensive international growth. We are a true Canadian success story.”

Mr. Greenley has over two decades of experience working in the aerospace and defence industry. Prior to his three-year tenure at CAE, he served six years with General Dynamics (GD), first as vice president of strategy and development for GD Canada, then as vice president international for GD C4 Systems – now GD Mission Systems. Mr. Greenley’s experience at GD focused on airborne and underwater Intelligence, Surveillance and Reconnaissance (ISR), land communications and rugged computing products.

For the past six years, Mr. Greenley has been a Board Member of the Canadian Association of Defence and Security Industries (CADSI) and was elected Chairman of the Board for the past four years. He has also served as a past chair of the Industry Advisory Board, Department of Foreign Affairs and International Trade (DFAIT) in Canada. Earlier in 2016, Mr. Greenley was named Defence Executive of the Year by Canadian Defence Review.

Mr. Greenley holds a master’s degree in science from the University of Waterloo.

For over four decades L-3 WESCAM has specialized in the design and production of electro-optical/infrared (EO/IR) imaging and targeting sensor systems. Today, L-3 remains a committed partner in the Canadian defence and aerospace supply chain and a worldwide EO/IR leader across defence, homeland security and law enforcement markets. Through robust Canadian R&D investment, L-3 WESCAM is well-positioned to develop technologies for today’s leading programs – throughout Canada and across the international marketplace.

L-3 WESCAM is a world leader in the design and manufacture of stabilized, multi-spectral imaging systems. To learn more about L-3 WESCAM, please visit the company’s website at www.wescam.com.

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.

To learn more about L-3, please visit the company’s website at www.L-3com.com. L-3 uses its website as a channel of distribution of material company information. Financial and other material information regarding L-3 is routinely posted on the company’s website and is readily accessible.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
Except for historical information contained herein, the matters set forth in this news release are forward-looking statements. Statements that are predictive in nature, that depend upon or refer to events or conditions or that include words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” “will,” “could” and similar expressions are forward-looking statements. The forward-looking statements set forth above involve a number of risks and uncertainties that could cause actual results to differ materially from any such statement, including the risks and uncertainties discussed in the company’s Safe Harbor Compliance Statement for Forward-Looking Statements included in the company’s recent filings, including Forms 10-K and 10-Q, with the Securities and Exchange Commission. The forward-looking statements speak only as of the date made, and the company undertakes no obligation to update these forward-looking statements.

© Business Wire 2016
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Financials ($)
Sales 2016 10 260 M
EBIT 2016 1 010 M
Net income 2016 641 M
Debt 2016 2 981 M
Yield 2016 1,90%
P/E ratio 2016 18,63
P/E ratio 2017 18,15
EV / Sales 2016 1,45x
EV / Sales 2017 1,41x
Capitalization 11 865 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 12
Average target price 164 $
Spread / Average Target 7,0%
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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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