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News Breaks
March 25, 2014
08:48 EDTLLLL-3 Communications repeats FY14 EPS view $8.15-$8.35, consensus $8.39
Repeats FY14 sales view $11.9B-$12.1B, consensus $12.05B. Repeats FY operating margin view 10.5%, effective tax rate view 33%. Sees FY14 net CapEx $195M, net income $730M. Sees FY14 free cash flow $1B. In 2014, says sees margin improving, lower pension, "some" mix pressure. Sees international, commercial growing in 2014. Sees DoD sales down 10% in 2014 on lower budgets, sequester, drawdown. Comments from slides that will be presented at the company's 2014 Investor Conference.
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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