L-3 Technologies (LLL) Tops Q1 EPS by 33c; Lifts FY18 EPS Outlook
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L3 Announces First Quarter 2018 Results
May 1, 2018 7:49 AM EDTFunded orders increased 10% to $2.6 billion, with a book-to-bill ratio of 1.11x Sales increased 2% to $2.4 billion Diluted earnings per share (EPS) from continuing operations increased 21% to $2.34 Increased 2018 financial guidance
NEW YORK--(BUSINESS WIRE)-- L3 Technologies, Inc. (NYSE: LLL) today reported diluted earnings per share (EPS) from continuing operations of $2.34 for the quarter ended March 30, 2018 (2018 first quarter) compared to diluted EPS from continuing operations for the quarter ended March 31, 2017 (2017 first quarter) of $1.93. Net sales of... More
L3 Signs Definitive Agreement to Sell Its Vertex Aerospace Business to American Industrial Partners
May 1, 2018 7:00 AM EDTNEW YORK--(BUSINESS WIRE)-- L3 Technologies (NYSE: LLL) announced today that it has entered into a definitive agreement to sell its Vertex Aerospace business to American Industrial Partners for $540 million in cash. As part of the agreement, L3 will also sell its Crestview Aerospace and TCS business units, which are included in the Aerospace Systems business segment.
Were pleased with this divestiture process, said Christopher E. Kubasik, L3s Chief Executive Officer and President. This is a strategic step toward optimizing L3s portfolio. We will use the proceeds from the sale to... More
