OverviewSuggest Edit

L3 Technologies is a company providing aerospace systems, communication, electronic systems and products used on military and commercial platforms. It offers components, products, subsystems, and systems, as well as related services to military and commercial customers in various business areas, such as precision engagement and training, aviation products and security, power and propulsion systems, sensor systems, warrior systems, and advanced programs. The Company also provides fleet management sustainment and support services, such as procurement, systems integration, sensor development, modifications, and periodic depot maintenance for intelligence, surveillance, and reconnaissance, as well as special mission aircraft and airborne systems. 

TypePublic
Founded1997
HQNew York, US
Websitel3t.com
Employee Ratings3.2

Latest Updates

Employees (est.) (Dec 2018)31,000
Job Openings1,317
Revenue (FY, 2018)$10.2 B(+8%)
Share Price (Mar 2019)$205.3 (-1%)

Key People/Management at L3 Technologies

Christopher E. Kubasik

Christopher E. Kubasik

Chairman, Chief Executive Officer and President
Ralph G. D'Ambrosio

Ralph G. D'Ambrosio

SVP, CFO
Ann D. Davidson

Ann D. Davidson

SVP, Chief Legal Officer
Raymond J. DeLuke

Raymond J. DeLuke

SVP, CIO
Todd W. Gautier

Todd W. Gautier

SVP, President of Electronic Systems Segment
Melanie M. Heitkamp

Melanie M. Heitkamp

SVP, Chief Human Resources Officer
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L3 Technologies Office Locations

L3 Technologies has offices in New York, Plano, Arlington, Salt Lake City and in 8 other locations
New York, US (HQ)
600 3rd Ave
Arlington, US
2200 Arlington Downs Rd
Arlington, US
201 12th St S #800
Huntsville, US
555 Discovery Dr NW, Suite 201
Plano, US
5800 Granite Pkwy #750
Salt Lake City, US
640 North 2200 West, PO Box 168
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L3 Technologies Financials and Metrics

L3 Technologies Revenue

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L3 Technologies's revenue was reported to be $10.24 b in FY, 2018 which is a 7% increase from the previous period.
USD

Revenue (FY, 2018)

10.2b

Revenue growth (FY, 2017 - FY, 2018), %

7%

Gross profit (FY, 2018)

2.7b

Gross profit margin (FY, 2018), %

26.4%

Net income (FY, 2018)

1.0b

EBIT (FY, 2018)

1.1b

Market capitalization (22-Mar-2019)

16.3b

Closing stock price (22-Mar-2019)

205.3

Cash (31-Dec-2018)

1.1b

EV

18.5b
L3 Technologies's current market capitalization is $16.3 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

12.6b12.1b10.5b9.2b9.6b10.2b

Revenue growth, %

(13%)(4%)(14%)(12%)4%7%

Cost of goods sold

11.4b11.0b9.6b7.0b7.0b7.5b

Gross profit

1.2b1.1b890.0m2.2b2.6b2.7b
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

2.5b2.5b2.6b2.4b2.7b2.5b2.7b2.7b2.6b2.4b2.6b2.5b

Cost of goods sold

2.3b2.4b2.3b2.1b2.4b2.3b2.4b2.4b2.4b1.7b1.9b1.8b

Gross profit

209.0m151.0m275.0m252.0m247.0m215.0m253.0m312.0m250.0m648.0m656.0m677.0m

Gross profit Margin, %

8%6%11%11%9%9%9%11%9%27%25%27%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

500.0m442.0m207.0m363.0m662.0m1.1b

Accounts Receivable

991.0m852.0m746.0m731.0m723.0m919.0m

Inventories

366.0m288.0m333.0m330.0m389.0m879.0m

Current Assets

4.6b4.7b4.2b3.7b4.4b4.8b
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

317.0m353.0m323.0m534.0m352.0m411.0m230.0m385.0m439.0m374.0m1.4b507.0m

Accounts Receivable

836.0m820.0m796.0m779.0m808.0m812.0m802.0m843.0m776.0m798.0m863.0m900.0m

Inventories

336.0m371.0m374.0m351.0m356.0m361.0m353.0m355.0m392.0m994.0m934.0m911.0m

Current Assets

4.7b4.3b4.3b4.1b3.9b4.0b3.9b4.0b4.1b4.5b5.1b4.4b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

760.0m677.0m(225.0m)724.0m693.0m1.0b

Depreciation and Amortization

214.0m225.0m210.0m198.0m225.0m241.0m

Inventories

1.0m(38.0m)22.0m(69.0m)57.0m

Accounts Payable

28.0m(112.0m)(32.0m)(5.0m)99.0m158.0m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

109.0m233.0m(63.0m)230.0m381.0m532.0m168.0m375.0m400.0m208.0m587.0m795.0m

Depreciation and Amortization

52.0m104.0m155.0m50.0m102.0m153.0m54.0m109.0m165.0m56.0m116.0m170.0m

Inventories

(31.0m)(70.0m)(77.0m)(19.0m)(24.0m)(31.0m)(11.0m)(12.0m)(72.0m)(65.0m)(10.0m)28.0m

Accounts Payable

98.0m77.0m117.0m115.0m118.0m130.0m124.0m50.0m112.0m56.0m61.0m57.0m
USDY, 2018

EV/EBIT

16.6 x

EV/CFO

17.8 x

EV/FCF

22.9 x

Revenue/Employee

330.5k

Debt/Equity

0.6 x

Debt/Assets

0.2 x

Financial Leverage

2.3 x
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L3 Technologies Operating Metrics

FY, 2014Q1, 2015Q2, 2015Q3, 2015Q4, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016Q4, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017Q4, 2017FY, 2017Q1, 2018Q2, 2018FY, 2018

Backlog Funded

$10.22 b$10.33 b$9.83 b$9.40 b$8.42 b$8.66 b$8.13 b$8.29 b$8.90 b$8.86 b$8.51 b$9.02 b$8.88 b$8.77 b$8.83 b$9.70 b

Order Volume

$12.09 b$2.59 b$2.51 b$2.20 b$2.56 b$9.86 b$2.59 b$2.14 b$2.69 b$3.58 b$10.99 b$2.62 b$2.36 b$3.10 b$2.73 b$10 b$2.64 b$2.81 b$11.58 b

Locations

384 263 273 273 283
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L3 Technologies Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Open Water PowerMay 19, 2017
Implant SciencesJanuary 05, 2017
L-3 Data TacticsMarch 05, 2014
L-3 Link Simulation & TrainingAugust 07, 2012$132 m
Kollmorgen Electro-OpticalDecember 13, 2011$210 m
International Resources GroupDecember 05, 2008
G.A. International ElectronicsJuly 31, 2008
Northrop Grumman - Electro-Optical Systems (EOS) businessApril 22, 2008$175 m
HSA SystemsMarch 16, 2008
L-3 Communications Nova EngineeringAugust 14, 2006$45 m
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L3 Technologies Revenue Breakdown

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L3 Technologies revenue breakdown by business segment: 31.7% from C&NS, 39.6% from ISRS and 28.7% from Electronic Systems

L3 Technologies revenue breakdown by geographic segment: 23.4% from International and 76.6% from U.S.

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L3 Technologies Online and Social Media Presence

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L3 Technologies News and Updates

L3 Technologies boosts dividend by 6.3%

L3 Technologies Inc. said Tuesday it raised its quarterly dividend by 6.3% to 85 cents a share from 80 cents a share. The provider of communication and electronic systems to the government said its new dividend will be payable March 15 to shareholders of record on March 1. Based on Monday's stock c…

SHAREHOLDER ALERT: Monteverde & Associates PC Announces An Investigation Of L3 Technologies, Inc. - LLL

NEW YORK, Dec. 17, 2018 /PRNewswire/ -- Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm headquartered at the Empire State Building in New York City, is investigating the Board of Directors of L3 Technologies, Inc. ("L3" or the...

L3 TECHNOLOGIES INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of L3 Technologies, Inc. - LLL

NEW ORLEANS, Oct. 18, 2018 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of L3 Technologies, Inc. ("L3") (NYSE: LLL) to Harris Corporation ("Harris") (NYSE: HRS). Under ...

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of L3 Technologies, Inc.

NEW YORK, Oct. 15, 2018 /PRNewswire/ -- Rowley Law PLLC is investigating potential claims against L3 Technologies, Inc. (NYSE: LLL) and its board of directors for breach of fiduciary duty concerning the proposed acquisition of the company by Harris Corporation (NYSE: HRS). Stockholders...

L3 Technologies and Harris Corp agree to deal, creating $33.5 billion defense giant (HRS, LLL)

L3 Technologies and Harris Corporation rallied Monday morning after the two companies agreed to merge in an all-stock deal. The new company will have a market capitalization of $33.5 billion, making it the sixth-largest defense company in the US. Watch L3 Technologies and Harris Corp trade in real…

Harris, L3 Technologies nearing agreement to merge -source

Defense communications and electronics companies Harris Corp and L3 Technologies are nearing a deal for an all-stock merger, a person familiar with the matter said on Saturday.
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L3 Technologies Blogs

L3’s John Feren Recognized With 2019 ISTAT Award for Aviation Industry Leadership and Achievement

NEW YORK--(BUSINESS WIRE)--Mar. 20, 2019-- L3 Technologies (NYSE:LLL) announced today that John N. Feren, Vice President of Business Development and Marketing for L3 Electronic Systems, received the prestigious 2019 International Society of Transpor…

L3 Technologies to Broadcast First Quarter Conference Call Over the Internet

NEW YORK--(BUSINESS WIRE)--Mar. 12, 2019-- L3 Technologies (NYSE:LLL) announced today that it intends to release its 2019 first quarter results on Wednesday, May 1, before the open of the market. In conjunction with this announcement, L3 will host a …

L3 Announces Date for Special Meeting of Stockholders

NEW YORK--(BUSINESS WIRE)--Feb. 25, 2019-- L3 Technologies (NYSE:LLL) (“L3”) today announced that it has set a date for a special meeting of its stockholders to consider and vote on various proposals necessary to close the previously announced proposed …

L3 Technologies Increases Quarterly Dividend

NEW YORK--(BUSINESS WIRE)--Feb. 12, 2019-- L3 Technologies (NYSE:LLL) announced today that its Board of Directors has increased the company’s regular quarterly cash dividend from $0.80 to $0.85 per share payable on March 15, 2019 to shareholders of record…

L3 to Deliver Innovative Solutions as Part of Canada’s Combat Ship Team on the Royal Canadian Navy’s Canadian Surface Combatant Program

NEW YORK--(BUSINESS WIRE)--Feb. 8, 2019-- L3 Technologies (NYSE:LLL) announced today that in-country technology, experience and infrastructure proved a winning combination for Canada’s new fleet of surface combatants, as Canada’s Combat Ship Team has been…

L3 Awarded $120 Million Contract to Train Air Force B-2 Pilots, Maintainers and Weapons Loaders

– Company Has Provided World-Class B-2 Training Since 1984 – NEW YORK--(BUSINESS WIRE)--Feb. 5, 2019-- L3 Technologies (NYSE:LLL) announced today that it has been awarded a $120 million contract to continue training United States Air Force B-2 …
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L3 Technologies Frequently Asked Questions

  • When was L3 Technologies founded?

    L3 Technologies was founded in 1997.

  • Who are L3 Technologies key executives?

    L3 Technologies's key executives are Christopher E. Kubasik, Ralph G. D'Ambrosio and Ann D. Davidson.

  • How many employees does L3 Technologies have?

    L3 Technologies has 31,000 employees.

  • What is L3 Technologies revenue?

    Latest L3 Technologies annual revenue is $10.2 b.

  • What is L3 Technologies revenue per employee?

    Latest L3 Technologies revenue per employee is $330.5 k.

  • Who are L3 Technologies competitors?

    Competitors of L3 Technologies include STMicroelectronics, AMETEK and Thales Group.

  • Where is L3 Technologies headquarters?

    L3 Technologies headquarters is located at 600 3rd Ave, New York.

  • Where are L3 Technologies offices?

    L3 Technologies has offices in New York, Plano, Arlington, Salt Lake City and in 8 other locations.

  • How many offices does L3 Technologies have?

    L3 Technologies has 13 offices.