L-3 Increases Quarterly Dividend
NEW YORK, Feb 02, 2010 (BUSINESS WIRE) -- L-3 Communications (NYSE: LLL) announced today that its board of directors has increased its regular quarterly cash dividend 14 percent from $0.35 to $0.40 per share. The board has also declared the dividend payable on March 15, 2010 to shareholders of record at the close of business on March 1, 2010.
"Our continued confidence in L-3's financial and operational strength is the catalyst for this increase to L-3's quarterly dividend," said Michael T. Strianese, chairman, president and chief executive officer. "We remain committed to delivering value to shareholders through increased dividends, share repurchases and a focused, disciplined approach to acquisitions."
Headquartered in New York City, L-3 Communications employs over 66,000 people worldwide and is a prime contractor in aircraft modernization and maintenance, C3ISR (Command, Control, Communications, Intelligence, Surveillance and Reconnaissance) systems and government services. L-3 is also a leading provider of high technology products, subsystems and systems. The company reported 2009 sales of $15.6 billion.
To learn more about L-3, please visit the company's Web site at www.L-3com.com. L-3 uses its Web site as a channel of distribution of material company information. Financial and other material information regarding L-3 is routinely posted on the company's Web site 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: L-3 Communications
L-3 Communications
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