OverviewSuggest Edit

L3 Technologies (formerly known as L-3 Communications) is a company developing pilot training, aviation security, night vision, weapons, maritime systems, and space solutions. It offers intelligence, surveillance, and reconnaissance (ISR) systems, aircraft sustainment, simulation and training, night vision and image intensification equipment, and security and detection systems. The company also provides communication, electronic and sensor systems used on military, homeland security, and commercial platforms. L3 Technologies merged with Harris Corporation to form L3Harris Technologies.

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

Latest Updates

Revenue (FY, 2018)$10.2 B(+8%)
Share Price (Jun 2019)$246.2
Cybersecurity ratingAMore

Key People/Management at L3 Technologies

Jeffrey A. Miller

Jeffrey A. Miller

Corporate Senior Vice President and President, ISR Systems Segment
Andrew Bream

Andrew Bream

Vice President, IT ISR Systems
Jerry Ozovek

Jerry Ozovek

Sector President, Power & Propulsion Sector
Robert Gaylord

Robert Gaylord

Vice President Program Management
John VanBrabant

John VanBrabant

Vice President, Business Development
Mike Catapano

Mike Catapano

Vice President of Infrastructure and System Operations, Group CIO
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L3 Technologies Office Locations

L3 Technologies has offices in New York, Arlington, Binghamton, Bristol and in 42 other locations
New York, US (HQ)
600 3rd Ave
Arlington, US
201 12th St S #800
Arlington, US
2200 Arlington Downs Rd
Binghamton, US
265 Industrial Park Dr
Bristol, US
1515 Grundy Ln
Budd Lake, US
450 Clark Dr
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L3 Technologies Financials and Metrics

L3 Technologies Revenue

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View revenue for all periods
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 (Q1, 2019)

2.7b

Gross profit (Q1, 2019)

693.0m

Gross profit margin (Q1, 2019), %

25.7%

Net income (Q1, 2019)

223.0m

EBIT (Q1, 2019)

293.0m

Market capitalization (27-Jun-2019)

19.7b

Closing stock price (27-Jun-2019)

246.2

Cash (29-Mar-2019)

1.1b

EV

22.5b
L3 Technologies's current market capitalization is $19.7 b.
Annual
USDFY, 2017FY, 2018

Revenue

9.6b10.2b

Revenue growth, %

(9%)7%

Cost of goods sold

8.6b7.5b

Gross profit

1.0b2.7b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019

Revenue

2.4b2.6b2.5b2.7b

Cost of goods sold

1.7b1.9b1.8b2.0b

Gross profit

648.0m656.0m677.0m693.0m

Gross profit Margin, %

27%25%27%26%
Annual
USDFY, 2017FY, 2018

Cash

662.0m1.1b

Accounts Receivable

723.0m919.0m

Inventories

389.0m879.0m

Current Assets

4.4b4.8b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019

Cash

374.0m1.4b507.0m1.1b

Accounts Receivable

798.0m863.0m900.0m804.0m

Inventories

994.0m934.0m911.0m896.0m

Current Assets

4.5b5.1b4.4b4.9b
Annual
USDFY, 2017FY, 2018

Net Income

693.0m1.0b

Depreciation and Amortization

225.0m241.0m

Inventories

(69.0m)57.0m

Accounts Payable

99.0m158.0m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019

Net Income

208.0m587.0m795.0m223.0m

Depreciation and Amortization

56.0m116.0m170.0m58.0m

Inventories

(65.0m)(10.0m)28.0m(20.0m)

Accounts Payable

56.0m61.0m57.0m(32.0m)
USDFY, 2017

Debt/Equity

0.6 x

Debt/Assets

0.3 x

Financial Leverage

2.5 x

P/E Ratio

23.2
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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, 2018Q1, 2019

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

Remaining Performance Obligations

$12 b
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L3 Technologies Acquisitions / Subsidiaries

Company NameDateDeal Size
Harris CorporationJuly 22, 2019
Azimuth SecurityJuly 11, 2018
Linchpin Labs IncJuly 11, 2018
Applied Defense SolutionsJuly 02, 2018$50 m
Open Water PowerMay 19, 2017
L3 OceanServerMarch 17, 2017
Implant SciencesJanuary 05, 2017
MacDonald HumfreyNovember 22, 2016£224 m
AerosimSeptember 30, 2016
L-3 MicreoSeptember 07, 2016
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L3 Technologies Cybersecurity Score

Cybersecurity ratingPremium dataset

A

97/100

SecurityScorecard logo

L3 Technologies Revenue Breakdown

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

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

L3 Technologies Online and Social Media Presence

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L3 Technologies News and Updates

Maritime Information Market Expected to Witness a Sustainable Growth over 2025– Top Key players like–Inmarsat,L3 Technologies

In 2018, the global Maritime Information market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025. Posted via Industry Today. Follow us on Twitter @IndustryToday

UPDATE 1-Harris Corp, L3 Technologies win U.S. antitrust approval for merger

Military communication equipment providers Harris Corp and L3 Technologies Inc have won U.S. antitrust approval for their merger, the Justice Department said on Thursday.

L3 Technologies and Saudi Arabian Military Industries Enter Into Joint Venture

L3 Technologies (NYSE:LLL) announced today that it has signed a joint venture agreement with Saudi Arabian Military Industries (SAMI) to collaborate on electro-optical and infrared (EO/IR) and special mission systems projects within the Kingdom of Saudi Arabia (KSA). The contract was signed on June …

GA-ASI and L3 Technologies Develop and Fly Full-Band Signals Intelligence Solution for MQ-9

The General Atomics Medium-Altitude Long-Endurance MQ-9 Predator B® Remotely Piloted Aircraft System flying with the L3 full-band signals intelligence capability integrated into GA's wing-mounted pod.read more

Defense Contractor L3 Technologies Surges As It Prepares To Enter Big Leagues

L3's merger with Harris will catapult the combination into the top tier of military contractors.

L3 Technologies unit wins $500 million U.S. defense contract -Pentagon

L3 Communications Integrated Systems LP, a unit of L3 Technologies Inc, has been awarded a $500 million contract for avionics upgrade for 176 C-130H aircraft operated by the U.S. Air National Guard and the Air Force Reserve Command, the Pentagon said on Tuesday. (Reporting by Mohammad Zargham; Editi…
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L3 Technologies Blogs

L3 Announces First Quarter 2019 Results

Book-to-bill ratio of 1.25x on funded orders of $3.4 billion Sales increased 14% to $2.7 billion Diluted earnings per share (EPS) from continuing operations of $2.71 Adjusted diluted EPS from continuing operations(1) of $2.89 Cash from continuing opera…

AVX Aircraft and L3 Technologies Unveil Leap-Ahead Design for U.S. Army’s Future Attack Reconnaissance Aircraft-Competitive Prototype

NASHVILLE, Tenn.--(BUSINESS WIRE)--Apr. 15, 2019-- The AVX Aircraft Company and L3 Technologies (NYSE:LLL) announced today their innovative compound coaxial helicopter (CCH) design, which is competing for Phase 1 of the U.S. Army Future Attack Reconnaissa…

L3 to Deliver Electronic Warfare Aircraft to Australia With Next-Generation Capability

NEW YORK--(BUSINESS WIRE)--Apr. 9, 2019-- L3 Technologies (NYSE:LLL) announced today that it has been awarded a prime contract with an estimated value of more than $1 billion to deliver four aircraft with next-generation airborne electronic warfare …

Harris Corporation and L3 Technologies Stockholders Approve Merger

MELBOURNE, Fla. and NEW YORK, April 4, 2019 — Harris Corporation (NYSE:HRS) and L3 Technologies, Inc. (NYSE:LLL) announced that, at their respective special meetings of stockholders held today, Harris and L3 stockholders voted to approve all stockholder proposals necessary…

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 …
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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 Jeffrey A. Miller, Andrew Bream and Jerry Ozovek.

  • What is L3 Technologies revenue?

    Latest L3 Technologies annual revenue is $10.2 b.

  • Who are L3 Technologies competitors?

    Competitors of L3 Technologies include Leidos, Arotech and AeroVironment.

  • 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, Arlington, Binghamton, Bristol and in 42 other locations.

  • How many offices does L3 Technologies have?

    L3 Technologies has 48 offices.