L-3 Consolidates a Marine & Power Systems Group
L-3 Communications may be a Tier 2 defense firm in size, but it may be one of the most diversified. On March 11/08, the firm announced a strategic realignment to form a new Marine and Power Systems Group, with $1.2 billion in sales. Steven Kantor, currently corporate vice president and group president of L-3’s Power and Control Systems, will lead the new Group. L-3 release.
The new entity includes L-3’s Power and Control, Automation, Navigation, Undersea Warfare and Offshore businesses. L-3’s Ocean Systems businesses, currently in the Sensors and Simulation Group, will be consolidated with the Power and Control Systems Group, resulting in a line of ocean and undersea warfare and sonar products along with power and control systems. It’s an interesting offering set, one that’s very well-suited to maintenance and upgrade needs on its own, as well as mid-tier cooperation in compatible shipbuilding projects.