L-3 Communications News

A number of other firms have also recently commented on LLL. Analysts at Zacks reiterated a "neutral" rating on shares of L-3 Communications in a research note to investors on Wednesday, May 2nd.

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In a notice to the state of Ohio, L-3 Communications Cincinnati Electronics said it began the layoffs earlier this week.

The U.S. Foreign Military Sales program has an approximate contract value of $600 million and includes the supply of 10 new C-27J aircraft worth about $300 million, plus contractor logistics support, spares and training.

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's stock had its "neutral" rating reaffirmed by Zacks in a research note issued on Wednesday.

So what: Apparently the fears of a pullback in government spending were overdone, because DigitalGlobe reported a 12% boost in revenue to $87 million, aided mostly by its defense segment, and reversed a year-ago loss to report a profit of $0.08. Wall Street had only been looking for DigitalGlobe to earn $0.01 on revenue of $83.7 million.

Craig Reed and John Heller to the L-3 Services Group's executive leadership team.

The firm currently has a "neutral" rating on the stock. Shares of L-3 Communications traded down 0.11% during mid-day trading on Friday, hitting $73.51. L-3 Communications has a 52 week low of $58.30 and a 52 week high of $88.55. The company has a market cap of $7.276 billion and a P/E ratio of 8.15. The company last announced its quarterly results ... (more)