L-3 Communications (LLL) Declares $0.75 Quarterly Dividend; 1.8% Yield

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L-3 Communications (LLL) Chairman & CEO Michael Strainese Reports Plan to Retire; Board Elects Christopher E. Kubasik as CEO

July 20, 2017 5:51 AM EDT

L3 Technologies (NYSE: LLL) announced today that Chairman and Chief Executive Officer (CEO) Michael T. Strianese has informed the companys Board of Directors of his plan to retire as CEO, effective December 31, 2017, after 20 years of service with L3. The Board has elected Christopher E. Kubasik, L3s President and Chief Operating Officer (COO) to the position of CEO and President, and to the Board of Directors effective January 1, 2018. Mr. Strianese will remain Chairman of L3s Board.

Mr. Strianeses retirement concludes a remarkable career with L3, where he has been CEO since 2006,... More