L-3 Communications Holdings Inc. (LLL) - NYSE
  • Dec. 8, 2015, 8:28 AM
    • L-3 Communications (NYSE:LLL) confirms it will sell its government services division, National Security Solutions, to smaller defense contractor CACI International (NYSE:CACI) for $550M in cash.
    • The deal will give L-3 a boost, as it looks to move away from low-margin businesses and focus on the communications and defense electronics markets.
    • Previously: Reuters: L-3 near $550M deal to sell services unit to CACI (Dec. 04 2015)
    | Dec. 8, 2015, 8:28 AM
  • Dec. 4, 2015, 4:08 PM
    • L-3 Communications (LLL +2.7%) is exclusively talking with CACI International (CACI +1.2%) about selling its government services division, National Security Solutions, and a deal for around $550M is imminent, Reuters reports.
    • The agreement could be announced as soon as next week, sources said., though negotiations are confidential.
    • L-3 shares have gained 18.5% over the past three months. For its part, CACI closed at $101.64, a bit below Tuesday's 52-week high of $104.09; it's gained 34% over the past three months.
    | Dec. 4, 2015, 4:08 PM
  • May 28, 2015, 8:59 AM
    • L-3 Communications (NYSE:LLL) has acquired CTC Aviation, an aviation training and management solutions company, for £143M ($220M).
    • The acquisition, which will now be known as L-3 CTC, is expected to be immediately accretive to L-3's results of operations.
    | May 28, 2015, 8:59 AM
  • Jan. 22, 2015, 9:31 AM
    • L-3 Communications (NYSE:LLL) has acquired Miteq, a manufacturer of specialized RF microwave products and solid-state SATCOM components, for $41M.
    • Calling it L-3 Narda-Miteq, the business will be combined with L-3’s Narda Microwave-East business.
    • The acquisition is expected to generate approximately $60M in 2015.
    | Jan. 22, 2015, 9:31 AM
  • Oct. 11, 2012, 10:15 AM
    With defense budgets being slashed around the world, the collapse of the BAE's $45B merger with EADS will put the focus on possible deals between tier-two firms such as Rockwell Collins (COL), L-3 Communications (LLL), SAIC (SAI) and Harris (HRS), industry execs and bankers tell Reuters. Much could depend on whether Congress averts the automatic defense cuts that are due from Jan 1.
    | Oct. 11, 2012, 10:15 AM | 5 Comments
  • Apr. 11, 2012, 8:11 AM

    L-3 Communications (LLL) is acquiring Thales Training & Simulation, a U.K.-based manufacturer of flight simulation equipment, for $132M in cash. L-3 claims the deal, which it expects to close this summer, will add about $150M to its 2012 top line, and will be immediately accretive.

    | Apr. 11, 2012, 8:11 AM
  • Dec. 13, 2011, 8:53 AM

    Tuesday is proving a busy day for M&A activity. The latest: L-3 Communications (LLL) says it's acquiring Danaher's (DHR) Kollmorgen Electro-Optical (KEO) division, an Italy-based maker of specialized industrial and defense products, for $210M in cash. L-3 claims KEO will generate $160M-$170M in 2012 sales, to go with EBITDA of $26M-$30M.

    | Dec. 13, 2011, 8:53 AM
  • Jun. 22, 2011, 10:23 AM
    Activist investment firm Relational Investors is expected to report that it has become the largest shareholder in L-3 Communications (LLL +4.7%) and is pushing for a breakup of the defense firm, WSJ reports. Relational reportedly wants L-3 to get rid of what it believes are low-margin or slow-growing businesses, including its government services unit.
    | Jun. 22, 2011, 10:23 AM
Company Description
L-3 Communications Holdings, Inc. operates as a holding company. It operates through its subsidiary L-3 Communications Corp., which is a prime contractor in intelligence, surveillance and reconnaissance systems, command, control, communications, aircraft modernization and maintenance, and... More
Industry: Aerospace/Defense Products & Services
Country: United States