Top 10 Defence Companies: L-3 Communications #9
At number nine on the list of the largest defence companies in the world is L-3 Communications.
The company is a provider of C3ISR systems, avionics, training devices and services, instrumentation, space, and navigation products based in Murray Hill, New York. L-3 Communications was spun out of Lockheed Martin following its merger with Martin Marietta in 1996; the ten units making up L-3 were unwanted by Lockheed at the time and did not form part of the merger. L-3 is named after Frank Lanza, Robert LaPenta, and Lehman Brothers.
The defence contractor now has four main operating units: Command, Control, Communications, Intelligence, Surveillance and Reconnaissance (C3ISR); Government Services; Aircraft Modernisation and Maintenance (AM&M); and Specialised Products, sensors, avionics, simulation, displays and antenna products.
Here are some stats and facts based on the most recent financial data:
Arms sales (US$ m.) 12,520
Total sales (US$ m.) 15,169
Total profit (US$ m.) 956
Total employed 61,000
Ticker symbol NYSE: LLL
CEO Michael T. Strianese
Based on data from the Stockholm International Peace Research Institute (SIPRI)