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Re: cottonisking post# 70266

Monday, 12/12/2016 4:19:55 PM

Monday, December 12, 2016 4:19:55 PM

Post# of 116204
Lehman Brothers *** and L-3 Communications ***

Investment company
Lehman Brothers Holdings Inc. /'li?m?n/ was a global financial services firm. Before declaring bankruptcy in 2008, Lehman was the fourth-largest investment bank in the United States, doing business ... Wikipedia
Ceased operations: 2008
Founded: 1850, Montgomery, Alabama, United States
Headquarters: New York City, New York, United States
Founders: Henry Lehman, Emanuel Lehman, Mayer Lehman
Parent organization: Lehman (Cayman Islands) Ltd
Successors: Nomura Holdings, Barclays, L-3 Communications

http://www.google.ca/search?q=lehman+brothers&hl=en-CA&gbv=1

$$$

In December 2016, L-3 announced that, effective 31 December 2016, the company name would be changing from L-3 Communications Holdings, Inc. to L3 Technologies, Inc. to better reflect the company's wider focus since it's founding in 1997.

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****
Traded as NYSE: LLL
S&P 500 Component
Industry Aerospace, Defense
Founded 1997; 19 years ago (1997)
Headquarters New York City, New York, United States
Key people Michael T. Strianese
(Chairman, President and CEO)
Products AVCATT, numerous specialized components
Revenue US$ 12.629 billion (2013) [1]
US$ 13.146 billion (2012) [1]

Operating income US$ 1.258 billion (2013) [1]
US$ 1.351 billion (2012) [1]

Net income US$ 778.0 million (2013) [1]
US$ 810.0 million (2012) [1]

Total assets US$ 14.009 billion (2013) [1]
US$ 13.791 billion (2012) [1]

Total equity US$ 6.098 billion (2013) [1]
US$ 5.543 billion (2012) [1]

Number of employees >38,000 (2016)
Website l-3com.com


L-3 Communications Holdings is an American company that supplies command and control, communications, intelligence, surveillance and reconnaissance (C3ISR) systems and products, avionics, ocean products, training devices and services, instrumentation, space, and navigation products. Its customers include the Department of Defense, Department of Homeland Security, U.S. Government intelligence agencies, NASA, aerospace contractors and commercial telecommunications and wireless customers.

L-3 is headquartered in Murray Hill, Manhattan, New York City.[2]

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L-3 was formed in 1997 to acquire certain business units from Lockheed Martin that had previously been part of Loral Corporation. These units had belonged to Lockheed Corporation and Martin Marietta, which had merged three years before in 1993.[3] The company was founded by Frank Lanza and Robert LaPenta, who had both served as executives at Loral and Lockheed, in partnership with Lehman Brothers.[4]

L-3 continued to expand through mergers and acquisitions to become one of the top ten U.S. government contractors.[5]

On November 4, 2010 L-3 issued a part purge notification to prevent future use of Chinese counterfeit parts, but did not notify its customers whose display systems suffered from much higher than expected failure rates.[6]
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L-3 Communications was named for the last initials of its founders Frank Lanza, Robert LaPenta, and Lehman Brothers. Despite the similarity in naming, there is no corporate connection between L-3 Communications and networking provider Level 3 Communications, whose name is often abbreviated "L3" in informal industry communication.

In December 2016, L-3 announced that, effective 31 December 2016, the company name would be changing from L-3 Communications Holdings, Inc. to L3 Technologies, Inc. to better reflect the company's wider focus since it's founding in 1997. The company's website will change from L-3com.com to L3T.com, but the company's NYSE ticker symbol of LLL will remain the same.[16]

https://en.wikipedia.org/wiki/L-3_Communications
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