L-3 Issues Q3 2005 Financials, Changes Reporting Structure

L-3 Communications (NYSE:LLL) today announced its results for Q3 of FY 2005, including sales of $2.5 billion, operating income of $266.5 million, diluted earnings per share of $1.11, and net cash from operating activities of $219.0 million. All represent an increase over the same quarter last year; full details may be found in L-3’s financial release. During Q3 2005 third quarter, L-3 also revised the aggregation of its divisions into four reportable segments, to provide a more clearly defined presentation of L-3’s businesses. The company’s reportable segments are now: * C(3)ISR; * Government Services; * Aircraft Modernization and Maintenance (AM&M); and * Specialized Products During Q3 2005, L-3 also integrated the Titan acquisition and its eight legacy business sectors. The reorganized L-3 Titan Group, led by Tony Frederickson, is now included in L-3’s reportable segments as follows: C(3)ISR Segment: * Intelligence Solutions, which provides support to the Department of Defense (DoD) and intelligence agencies; * Technical & Management Services, which provides continental U.S. (CONUS) and outside continental U.S. (OCONUS) support of intelligence, logistics, Command, Control and Communications (C3), and combatant commands; Government Services Segment: * Aviation & Maritime Services, which provides support for maritime and expeditionary warfare; * Enterprise Solutions, […]