L3 Technologies Launches L3 Commercial Aviation Driven by Increasing Customer Demand for a More Integrated Solution
NEW YORK--(BUSINESS WIRE)--Jul 13, 2018--L3 Technologies (NYSE:LLL) announced today the launch of L3 Commercial Aviation. The business, which brings together key components of L3’s commercial aviation offerings, will be the first of its kind to integrate both on- and off-aircraft products and services for aviation customers. The business will provide customers across the aviation sector with aligned and holistic solutions to support the safety and efficiency of their operations.
The launch of L3 Commercial Aviation is the latest evolution of L3’s presence in this sector and is a key component of its growth strategy. The new bundle of offerings will combine L3’s full suite of services in commercial aviation, including the development and management of on-aircraft avionics, integrated security solutions and complete pilot training offerings.
“L3 Commercial Aviation is an example of our company’s transformation to deliver end-to-end solutions in support of customer requirements, specifically in the global aviation industry,” said Christopher E. Kubasik, L3’s Chairman, Chief Executive Officer and President. “L3 Commercial Aviation will provide a more integrated and tailored service to our customers worldwide.”
“This combination focuses L3’s efforts to facilitate the demanding passenger journey from airport curbside, through in-flight, and to arrival at the final destination safely, securely and efficiently,” continued Todd W. Gautier, L3’s Senior Vice President and President of its Electronic Systems business segment. “Air travel is changing, and L3 Commercial Aviation has aligned our products and offerings to be more connected and to effectively meet our customers’ evolving needs.”
Headquartered in New York City, L3 Technologies employs approximately 31,000 people worldwide and is a leading provider of a broad range of communication, electronic and sensor systems used on military, homeland security and commercial platforms. L3 is also a prime contractor in aerospace systems, security and detection systems, and pilot training. The company reported 2017 sales of $9.6 billion.
To learn more about L3, please visit the company’s website at www.L3T.com. L3 uses its website as a channel of distribution of material company information. Financial and other material information regarding L3 is routinely posted on the company’s website and is readily accessible.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 Except for historical information contained herein, the matters set forth in this news release are forward-looking statements. Statements that are predictive in nature, that depend upon or refer to events or conditions or that include words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” “will,” “could” and similar expressions are forward-looking statements. The forward-looking statements set forth above involve a number of risks and uncertainties that could cause actual results to differ materially from any such statement, including the risks and uncertainties discussed in the company’s Safe Harbor Compliance Statement for Forward-Looking Statements included in the company’s recent filings, including Forms 10-K and 10-Q, with the Securities and Exchange Commission. The forward-looking statements speak only as of the date made, and the company undertakes no obligation to update these forward-looking statements.
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CONTACT: L3 Technologies
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: TECHNOLOGY HARDWARE TRANSPORT AIR MANUFACTURING AEROSPACE
SOURCE: L3 Technologies
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PUB: 07/13/2018 11:06 AM/DISC: 07/13/2018 11:06 AM