L3 Completes Acquisition of Azimuth Security and Linchpin Labs
NEW YORK--(BUSINESS WIRE)--Aug 31, 2018--L3 Technologies (NYSE:LLL) announced today that it has completed its acquisition of Azimuth Security and Linchpin Labs, two market-leading information security businesses, on August 31, 2018. The acquired companies will operate under L3’s ISR Systems business segment as L3 Trenchant. The closing of the acquisition significantly strengthens L3’s existing C6ISR (Command, Control, Communications, Computers, Cyber-Defense and Combat Systems, and Intelligence, Surveillance and Reconnaissance) capabilities.
L3 Technologies is an agile innovator and leading provider of global ISR, communications and electronic systems for military, homeland security and commercial aviation customers. With headquarters in New York City and approximately 31,000 employees worldwide, L3 develops advanced defense technologies and commercial solutions in pilot training, aviation security, night vision and EO/IR, weapons, maritime systems and space. 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 OTHER TECHNOLOGY SECURITY MANUFACTURING AEROSPACE DEFENSE OTHER DEFENSE
SOURCE: L3 Technologies
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PUB: 08/31/2018 09:27 AM/DISC: 08/31/2018 09:27 AM