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Stock Market & Financial Investment News

News Breaks
March 5, 2014
09:02 EDTLLLL-3 Communications acquires Data Tactics
L-3 Communications announced that it has acquired Data Tactics. The business, renamed L-3 Data Tactics, is a specialized provider of Big Data analytics and cloud computing solution services, primarily to the U.S. Department of Defense. Headquartered in McLean, Virginia, Data Tactics employs approximately 200 people, including more than 150 data scientists, engineers, architects and developers, most of whom possess U.S. government security clearances. The business is expected to generate sales of approximately $50M for the year ending December 31.
News For LLL From The Last 14 Days
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July 30, 2015
19:43 EDTLLLL-3 Communications considers exiting head-of-state aircraft business
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14:05 EDTLLLL-3 Communications downgraded to Underperform from Buy at BofA/Merrill
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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