L-3 Communications to Change Name to L3 Technologies, Inc.
December 06 2016 - 9:20AM
Business Wire
New Name Reflects Company’s Breadth of
Technologies, Global Reach and Scale
L-3 Communications (NYSE:LLL) announced today that it will
change its name to L3 Technologies, Inc., effective December 31,
2016. The new name capitalizes on L-3’s strong brand equity, while
better reflecting the Company’s evolution into a leading global
provider of a broad range of technology solutions. As part of its
name change, L-3 will update its corporate logo and change its
email and website to L3T.com on January 3, 2017. The Company’s New
York Stock Exchange ticker symbol will remain the same.
Commenting on the announcement, Michael T. Strianese, L-3’s
Chairman and Chief Executive Officer, said, “Over the last 20
years, L-3 has established a strong reputation for performance,
entrepreneurial spirit and delivering value. We have grown our
portfolio of market-leading technologies and expanded our global
reach while maintaining the agility, engineering expertise and
integrity that support our customers’ success. As L3 Technologies,
we will deliver the same level of service and excellence that our
customers have come to expect from us as we position the Company
for continued growth and value creation for our shareholders.”
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,
homeland security and commercial platforms. L-3 is also a prime
contractor in aerospace systems, security and detection systems and
pilot training. 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.
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L-3Corporate Communications212-697-1111
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