L-3 Announces Formation of Commercial Training Solutions Division
July 07 2016 - 04:03PM
Business Wire
– Consolidation Creates Seamless Aviation
Training Business to Address Global Market –
L-3 Communications (NYSE:LLL) announced today the formation of
its new Commercial Training Solutions division. The new business,
which is part of the Precision Engagement & Training sector
within L-3 Electronic Systems, has been created through the
consolidation of L-3’s leading global flight simulator
manufacturer, L-3 Link UK, and its global airline pilot training
and resourcing organization, L-3 CTC Aviation.
“By bringing together these two world-class performers, L-3 now
offers a seamless, one-stop shop that provides customized and
affordable solutions to support the global commercial aviation
training marketplace,” said Steve Kantor, president of L-3
Electronic Systems. “Given the global pilot shortage and the
growing need for pilot training at all proficiency levels, we are
now optimally positioned to serve this market with our technical
expertise and leading innovative products and capabilities, which
will help us capture key synergies, grow our customer base, and
expand our product and service portfolio.”
This singular division has been specifically created to meet
current and emerging market requirements and drive continued
efficiencies. It has a global offering that spans the complete
spectrum of Commercial Aviation Training, with services that
encompass selection, cadet (ab initio) training, resourcing and
airline training (including recurrent, type rating and command
training) – all supported by high-technology simulation products
such as the RealitySeven™ Full Flight Simulator.
CTC Aviation and Link UK have been collaborating since the
acquisition of CTC Aviation by L-3 in May 2015. This dynamic team
effort resulted in the successful establishment of a training
facility at London’s Gatwick Airport (U.K.) that houses L-3
RealitySeven training devices for both Boeing and Airbus aircraft
to support a variety of customers. It also yielded a highly
successful partnership with Virgin Atlantic Airways to provide a
B787 training and instructional capability (via CTC Aviation
instructors) on a Link UK B787 RealitySeven Full Flight
Simulator.
As a part of this consolidation, the existing training portfolio
of Link UK has been aligned with CTC Aviation’s airline training
business. This includes the company’s leading training facility in
Bangkok – the Asian Aviation Training Centre (AATC) – which has
recently expanded from six to eight full flight simulators.
Alan Crawford, president of L-3 Commercial Training Solutions,
said, “L-3 Commercial Training Solutions offers a comprehensive,
value-added portfolio to deliver uniquely targeted solutions that
meet our customers’ total scope of training, resourcing and
simulation needs. We are committed to building on the strengths
that will continue to support our customers in the future. Our
agility, our drive to innovate and our firm belief in developing
ongoing partnerships will enable us to consistently exceed
expectations.”
L-3 Commercial Training Solutions is located in Crawley, U.K.,
and includes L-3 Link UK, L-3 CTC Aviation and L-3 CTC Private Jet.
It is a world leader in providing intelligent total training
solutions for pilots and maintainers across a wide range of
commercial platforms. L-3 Commercial Training Solutions provides a
full spectrum of state-of-the-art training solutions, including ab
initio training, airline training, training centers and
high-fidelity simulation products. The company has delivered
commercial training solutions to customer locations throughout
North America, Europe, Asia, Africa, the Middle East and the
Pacific Rim.
Headquartered in New York City, L-3 employs approximately 38,000
people worldwide and is a leading provider of a broad range of
communication and electronic systems and products used on military
and commercial platforms. L-3 is also a prime contractor in
aerospace systems. The company reported 2015 sales of $10.5
billion.
To learn more about L-3, please visit the company’s website at
www.L-3com.com. L-3 uses its website as a channel of distribution
of material company information. Financial and other material
information regarding L-3 is routinely posted on the company’s
website and is readily accessible.
Safe Harbor Statement Under the Private Securities Litigation
Reform Act of 1995Except 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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160707006405/en/
L-3Corporate Communications212-697-1111
L3 Technologies, Inc. (NYSE:LLL)
Historical Stock Chart
From Feb 2024 to Mar 2024
L3 Technologies, Inc. (NYSE:LLL)
Historical Stock Chart
From Mar 2023 to Mar 2024