Press Release

L3 Establishes International Boards to Drive Growth in Key Markets

Australia, Canada and UK Are Areas of Focus

NEW YORK--(BUSINESS WIRE)--Jan. 4, 2018-- 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 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 1995
Except 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.

Source: L3 Technologies

L3 Technologies
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