Major defense contractor L3 Technologies has realigned its business segments for improved integration of capabilities, forming the new Intelligence, Surveillance & Reconnaissance (ISR) Systems segment from the formerly separate Sensor Systems division and Aerospace Systems and Sensor Systems division. In addition to ISR technologies, this branch of the contractor will focus on signal-intelligence (SIGINT) solutions.
L3 Technologies has reorganized into three business groups, aligned by technologies, in support of weapons systems and defense in the air, at sea, and on land. (Courtesy of L3 Technologies)
The ISR Systems part of the company, which is expected to post 2018 sales of $4.7 billion, will be led by Jeffrey A. Miller, corporate senior vice-president and president of Sensor Systems. Once this business transition is complete, Mark R. Von Schwarz, president of Aerospace Systems, will retire from the company. This transition will not affect L3’s Electronic Systems and Communication Systems business segments.
“We are rapidly transforming L3 for integration and growth by strengthening our technological alignments, which enables us to more effectively build upon our competitive advantages,” says Christopher E. Kubasik, Chairman, Chief Executive Officer and President. “The increased scale of our new ISR Systems segment highlights our attractive position as a Global ISR prime contractor and accelerates our ability to address our customers’ increasingly complex needs.” Kubasik adds, “This business realignment action supports our objective to improve operating margin to 12% for 2019.”
