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Stock Market & Financial Investment News

News Breaks
July 22, 2013
09:33 EDTLLLL-3 Link wins PMATS recompete
L-3 Communications announced that its Link Simulation & Training division has won the recompete for the U.S. Air Force’s Predator Mission Aircrew Training System, or PMATS, program. The recompete contract awarded to L-3 Link by the U.S. Air Force’s Life Cycle Management Center at Wright-Patterson Air Force Base, Ohio, includes transitional funding that extends through September, in addition to six one-year contract options.
News For LLL From The Last 14 Days
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December 16, 2014
06:12 EDTLLLL-3 Communications to sell MSI business to Wärtsilä for EUR285M
L-3 Communications announced that it has entered into a definitive agreement with Wärtsilä to sell its Marine Systems International, or L-3 MSI, business. The transaction is anticipated to be completed in the Q2 of FY15, subject to customary closing conditions and regulatory approvals. The transaction, with a base purchase price of EUR285M, is subject to customary adjustments and an estimated reduction of EUR60 million for L-3 MSI employee pension-related liabilities to be assumed by Wärtsilä.

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