Sign In
Search
Business/Financial

L3 Posts Solid Financial Results In First Quarter; Selling Vertex To Private Equity Firm

Cal Biesecker By
SHARE:
L3 Posts Solid Financial Results In First Quarter; Selling Vertex To Private Equity Firm
Chris Kubasik, chairman, president and CEO of L3 Technologies. Photo: L3

L3 Technologies [LLL] on Tuesday posted a solid financial start to its fiscal year with higher earnings and sales in the first quarter and the company announced that it has agreed to sell its Vertex Aerospace business for $540 million in cash to the private equity firm American Industrial Partners (AIP).The deal with AIP also includes L3’s Crestview Aerospace and TCS business units and is expected to be completed this summer. Combined, the three business units have around $900 million…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Business/Financial

SpaceX’s IPO Filing Gives First Look Into Company’s Financials

Business/Financial

York Space Systems To Acquire Space Solar Tech Company Solestial To Shore Up Supply Chain

Business/Financial

DoD Awards DPA Funds To Solid Rocket Motor Component Supplier PacSci

Business/Financial

Anduril Raises $5 Billion In New Round; Company Valuation At $61 Billion

Trending

Space Force Awards Viasat And Intelsat General $438 Million For Continued Work On PTS-G
Defense Watch: Sub Deal Soon, Mach Buy, THAAD Investment, CUAS Marketplace
DoD Opens $30 Million Prize Challenge For Autonomous Non-Tactical Vehicles
Rocket Lab To Design, Build And Operate Two GEO Satellites For Space Domain Awareness Under $90 Million Contract
YFQ-42A Dark Merlin Resumes Flight Tests for CCA Program

Congress Updates

Navy/USMC

HASC Bill Funds Second Destroyer, Adds Several Multi-Ship Procurements, Puts Limits On Battleship

The House Armed Services Committee (HASC) chairman’s mark of the fiscal year 2027 defense authorization act, released May 26, largely approved the Navy’s shipbuilding request, but it added funds to […]

Congress

HASC’s FY ‘27 NDAA Adds More Black Hawks, Chinooks For Army, No Plus-Up For Apaches

The House Armed Services Committee’s (HASC) draft of the next defense policy bill supports hundreds of millions dollars for the Army to buy additional Black Hawk and Chinook helicopters in […]

Congress

HASC’s $1.15 Trillion FY ‘27 Draft NDAA Doesn’t Shift Items Over From Reconciliation Request

The House Armed Services Committee (HASC) on Tuesday unveiled its $1.15 trillion draft of the next defense policy bill, aligning with the White House’s requested discretionary topline while not including […]

Budget

DoD’s Equity Stake In L3Harris Rocket Motor Business Comes At Expense Of Other Suppliers, HASC Warns

A draft defense bill released by the House Armed Services Committee (HASC) on Tuesday says the committee is “concerned” with the Defense Department’s $1 billion equity investment this year in […]

The Force Multipliers

Force Multipliers

Michael DiOrio – Dataminr

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Force Multipliers

Force Multipliers – Krista McKendree

Job Feed

Post a Job // Post a Resume