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Stock Market & Financial Investment News

News Breaks
February 3, 2014
09:16 EDTLLLL-3 Communications wins $73M contract
L-3 Communications announced that its Coleman Aerospace business has been awarded a new, competitively won contract from the U.S. Department of Defense’s Missile Defense Agency to provide Medium-Range Ballistic Missile target vehicles for use in tests of missile defense systems. The initial value of the award is approximately $73M, with additional options valued at more than $400M over the next five years.
News For LLL From The Last 14 Days
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July 30, 2015
07:11 EDTLLLL-3 Communications lowers FY15 EPS view to $6.70-$7.00, consensus $7.55
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07:01 EDTLLLL-3 Communications reports Q2 adjusted EPS $1.41, consensus $1.71
Reports Q2 revenue $2.7.9B, consensus $2.88B. Reports Q2 book-to-bill ratio of 1.01x. “Our second quarter results were impacted by disappointing charges in the Platform Integration division of our Aerospace Systems segment, as well as continuing headwinds from the U.S. defense budget constraints. Despite these challenges, we made progress repositioning our portfolio, investing in our core businesses and expanding our commercial aviation training solutions business through our recent acquisition of CTC Aviation Group, a higher margin business that we expect to be immediately accretive to our operating results, and also completed the sale of our MSI business,” said Michael T. Strianese, chairman, president and CEO.
July 27, 2015
17:34 EDTLLLL-3 Communications awarded $274.6M government contract
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July 22, 2015
06:56 EDTLLLContractor mergers, sales fueled by government spending cuts, Reuters says
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