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. In addition, it offers strategic and tactical signals intelligence systems, network and communication systems, secure communications products, radio frequency components, satellite communication terminals and space, microwave and telemetry products, and secure data links. 

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Type
Public
HQ
New York, US
Founded
1997
Size (employees)
38,000 (est)
Website
l3t.com
L3 Technologies was founded in 1997 and is headquartered in New York, US
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Key People/Management at L3 Technologies

Michael Strianese

Michael Strianese

Chairman and Chief Executive Officer
Ralph D'Ambrosio

Ralph D'Ambrosio

SVP and CFO
Lewis Kramer

Lewis Kramer

Chairman of the Audit Committee
Heidi Wood

Heidi Wood

SVP, Strategy
Ann D. Davidson

Ann D. Davidson

SVP, General Counsel and Corporate Secretary
Christopher Kubasik

Christopher Kubasik

President and COO
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L3 Technologies Office Locations

L3 Technologies has offices in Calderara di Reno, Hamilton, Riyadh, Sogong-dong and in 25 other locations
New York, US (HQ)
600 3rd Ave
Arlington, US
800 201 12th St S
Huntsville, US
300 Voyager Way NW
Rosemead, US
2244 Walnut Grove Ave
Braddon, AU
97 Northbourne Ave
Docklands, AU
75 Lorimer St
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L3 Technologies Financials and Metrics

L3 Technologies Financials

L3 Technologies's revenue was reported to be $9.57 b in FY, 2017 which is a 8.9% decrease from the previous period.
USD

Revenue (FY, 2017)

9.6 b

Revenue growth (FY, 2016 - FY, 2017), %

(8.9%)

Gross profit (FY, 2017)

1 b

Gross profit margin (FY, 2017), %

10.7%

Net income (FY, 2017)

693 m

EBIT (FY, 2017)

1 b

Market capitalization (23-Apr-2018)

16.9 b

Cash (31-Dec-2017)

662 m

EV

19.6 b
L3 Technologies's current market capitalization is $16.9 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

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

Revenue growth, %

(13%)(4%)(14%)0%(9%)

Cost of goods sold

11.4 b11 b9.6 b9.5 b8.6 b

Gross profit

1.2 b1.1 b890 m1 b1 b
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

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

Cost of goods sold

2.3 b2.4 b2.3 b2.1 b2.4 b2.3 b2.4 b2.4 b2.4 b

Gross profit

209 m151 m275 m252 m247 m215 m253 m312 m250 m

Gross profit Margin, %

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

Cash

500 m442 m207 m363 m662 m

Accounts Receivable

991 m852 m746 m731 m723 m

Prepaid Expenses

300 m

Inventories

366 m288 m333 m330 m389 m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

317 m353 m323 m534 m352 m411 m230 m385 m439 m

Accounts Receivable

836 m820 m796 m779 m808 m812 m802 m843 m776 m

Inventories

336 m371 m374 m351 m356 m361 m353 m355 m392 m

Current Assets

4.7 b4.3 b4.3 b4.1 b3.9 b4 b3.9 b4 b4.1 b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

760 m677 m(225 m)724 m693 m

Depreciation and Amortization

214 m225 m210 m206 m225 m

Inventories

1 m(38 m)22 m(69 m)

Accounts Payable

28 m(112 m)(32 m)4 m99 m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

109 m233 m(63 m)230 m381 m532 m168 m375 m400 m

Depreciation and Amortization

52 m104 m155 m50 m102 m153 m54 m109 m165 m

Inventories

(31 m)(70 m)(77 m)(19 m)(24 m)(31 m)(11 m)(12 m)(72 m)

Accounts Payable

98 m77 m117 m115 m118 m130 m124 m50 m112 m
USDY, 2017

EV/EBIT

19.2 x

EV/CFO

19.9 x

EV/FCF

25.8 x

Revenue/Employee

251.9 k

Financial Leverage

2.5 x
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L3 Technologies Operating Metrics

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

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

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$10 b

Locations

384 263 273 273
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L3 Technologies Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
L-3 CTC Aviation Holdings Inc.
Aerosim Thai Company Limited
Airline Placement Limited
Airline Recruitment Limited
Asian Aviation Training Centre Ltd.
Aviation Communications & Surveillance Systems, LLC
Beijing MAPPS-SERI Technology Company Ltd.
Calzoni Srl.
ForceX Inc.
FTA Acquisitions Inc.
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