L-3 Communications: ‘Well Positioned’ For Endless Terror War
Want to cash in on the “terror” craze without taking hostages? Investment analysts will tell you how:
Companies involved in airport security such as L-3 Communications Holdings Inc. appear relatively well positioned…ÊAs the global recession eases there has been a rise in air traffic. This coupled with the continued threat of terrorism, exemplified by the recently foiled attacks, will likely lead to higher spending in cargo and passenger security.
Website: http://www.l-3com.com EDIT
Basics
Annual revenue: $15,615,000,000 SOURCE EDIT
Annual profit: $949,000,000 SOURCE EDIT
No. of employees: 65,000 SOURCE EDIT
Parent company: L 3 COMMUNICATIONS HOLDINGS INC SOURCE EDIT
Related company names: L 3 COMMUNICATIONS GOVERNMENT, L-3 COMMUNICATIONS GOVERNMENT, L-3 COMMUNICATIONS AEROSPACE LIMITED LIABILITY COMPANY, L-3 SERVICES INC, L-3 COMMUNICATIONS VERTEX AEROSPACE LLC, SY TECHNOLOGY DIVISION OF L-3, L-3 COMMUNICATIONS TITAN CORPORATION, L-3 COMMUNICATIONS CORPORATION, L-3 COMMUNICATIONS TITAN CORPORATION, L-3 GLOBAL COMMUNICATIONS SOLUTIONS INC, L-3 COMMUNICATIONS AEROSPACE LIMITED LIABILITY COMPANY, L-3 SERVICES INC, L-3 COMMUNICATIONS CORPORATION, L-3 COMMUNICATIONS ESSCO INC, L-3 INSIGHT TECHNOLOGY INCORPORATED SOURCE EDIT
Top military customer: US Department of Defense SOURCE EDIT
Aggregate value of contracts from top customer in years 2000-2011: 53,354,296,448
Number of contracts represented in that total: 103,274
Locations
People
 Top owner (individual): Robert B. Millard SOURCE EDIT EDIT MUGSHOT
Top owner (institutional): SOURCE EDIT Other owners: Michael T. Strianese, Alan H. Washkowitz, Curtis Brunson, Ralph Dambrosio SOURCE EDIT |
 Chief executive: Michael T. Strianese SOURCE EDIT EDIT MUGSHOTChief executive annual compensation: $15,178,729 SOURCE EDIT Other executives: Curtis Brunson, Richard A. Cody, Ralph G. D’Ambrosio, Steven M. Post SOURCE EDIT |
| Board chair: Michael T. Strianese SOURCE EDIT EDIT MUGSHOT
Other board members: Robert B. Millard, Claude R. Canizares, Thomas A. Corcoran, Lewis Kramer, John M. Shalikashvili, Arthur L. Simon, Alan H. Washkowitz, John P. White SOURCE EDIT |
 Top lobbyist: John H. Dressendorfer SOURCE EDIT EDIT MUGSHOT
Other lobbyists: American Defense International, Potomac Advocates, RPI Group SOURCE EDIT Annual lobbying expenses (average or most recent year): $4,290,000 SOURCE EDIT |
 Top political donee: C. W. Bill Young (R-FL) SOURCE EDIT EDIT MUGSHOTLifetime total given to top donee: $10,000 Other political donees: Loretta Sanchez (D-CA), Silvestre Reyes (D-TX), Patrick J. Murphy (D-PA), Jim Matheson (D-UT), Steve Israel (D-NY), Ralph M. Hall (R-TX), Chet Edwards (D-TX), Maurice Hinchey (D-NY), Ike Skelton (D-MO) SOURCE EDIT Annual political campaign giving (average or most recent year): $400,800 SOURCE EDIT |
Associated people: SOURCE EDIT
Activities
L-3 Communications Corp.Éhas paid the U.S. $4 million to settle allegations that the company submitted false and inflated claims to the Army for hours worked by the firmÕs employees on a contract supporting military operations by the United States in Iraq, the Justice Department announced today. L-3 Vertex Aerospace, based in Madison, Miss., has an ongoing contract with the U.S. Army to provide helicopter maintenance services at Camp Taji, Iraq. The settlement announced today resolves allegations that L-3 submitted false time records and inflated claims for hours worked by company employees at Camp Taji, during periods from March 2004 through August 2005.
Original record type: US Army, 2009
Last updated on Feb. 25, 2011 with contributions from Corey Pein, Dave Maass.
