L3 Establishes International Boards to Drive Growth in Key Markets
January 04 2018 - 9:00AM
Business Wire
– Australia, Canada and UK Are Areas of
Focus –
L3 Technologies (NYSE:LLL) announced today that it has
established International Boards dedicated to supporting and
growing L3’s military and commercial business in Australia, Canada
and the United Kingdom. These organizations will oversee the
development of and promote strategic initiatives in their
respective regions that advance L3’s competitive position and
growth opportunities in the global marketplace.
“We continue to focus on accelerating L3’s international
business by strengthening our customer relationships and forging
productive partnerships in key regions,” said Christopher E.
Kubasik, L3’s Chief Executive Officer and President. “L3 has
affordable, state-of-the-art solutions, and we are combining
resources from across the company to deliver increased capabilities
and value to our customers.”
Each group will be composed of L3 executives and local industry
experts with relevant experience in business and geopolitical
affairs.
- L3 Technologies Australia Group Pty Ltd
will be led by its new Managing Director, Alan Titheridge, and will
build on L3’s strong track record of delivering advanced
technologies and support to the Australian Defence Force (ADF)
across land, sea and air domains, and growing L3’s in-country
workforce and supplier base.
- L3 Technologies Canada Group Inc. will
be led by its new Chair, Richard Foster, and will focus on
expanding L3’s customer base across a diverse product line, which
includes innovative EO/IR equipment and Maintenance, Repair and
Overhaul and in-service support for the Royal Canadian Air Force,
as well as integrating communication and platform management
systems for a broad range of naval vessels. Additionally, L3 is a
key supplier in support of the Canadian Surface Combatant
initiative.
- L3 Technologies UK Group Ltd. will be
led by its new Managing Director, Ronald Cook, and will expand L3’s
ISR systems work as well as seamless and affordable pilot training
and resourcing solutions to the global commercial and military
aviation training marketplace, supported by state-of-the-art
simulation technologies that meet the needs of an evolving
outsourcing trend in aviation training by the world’s leading
airlines.
Headquartered in New York City, L3 Technologies employs
approximately 38,000 people worldwide and is a leading provider of
a broad range of communication, electronic and sensor systems used
on military, homeland security and commercial platforms. L3 is also
a prime contractor in aerospace systems, security and detection
systems, and pilot training. The company reported 2016 sales of
$10.5 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 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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