Michael T Strianese Net Worth is4.0 $Million
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Company Name: L-3 Communications Holdings Inc.
Company Logo: Image:L3Communications.png
Company Type: Public company
Traded As: LLL, S&P 500
Foundation: 1997
Key People: Michael T. Strianese,
Location City: 600 Third Avenue, New York City, New York
Location Country: United States
Industry: Aerospace engineering, Defense (military)
Products: AVCATT, numerous specialized components
Revenue: url
Operating Income: net income
Assets: equity
Num Employees: 61,000 (2011) Homepage: [http://www.l-3com.com L-3Com.com]
L-3 Communications Holdings, Inc. 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.
L-3 (named for Frank Lanza, Robert LaPenta, and Lehman Brothers) formed in 1997 from the purchase of ten former Lockheed Corporation business units when Lockheed merged in 1996 with Martin Marietta. The new Lockheed Martin was uninterested in owning these ten units.
L-3 has continued to expand through mergers and acquisitions to become one of the top ten U.S. government contractors.
As of 2008, L-3 is organized under four business segments:
Frank Lanza, CEO and co-founder, died on June 7, 2006. CFO Michael T. Strianese was named as interim CEO, and was appointed President and CEO of the company on October 23, 2006.
In May 2008, Emad al-Janabi sued L-3 and CACI for physical and mental abuse from employees while he was detained at the Abu Ghraib prison in Baghdad, Iraq. L-3 was named in the lawsuit because it had acquired Titan, which supplied all translators at the prison, while CACI had provided interrogators.
In 2010 it was announced that L3's Special Support Programs Division had been suspended by the United States Air Force from doing any contract work for the US federal government. A US Department of Defense investigation had reportedly found that the company had, "used a highly sensitive government computer network to collect competitive business information for its own use." A US federal criminal investigation ended the temporary suspension on July 27, 2010.
Wholly Owned Subsidiaries

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Michael T Strianese Latest News

LLL.N on New York Stock Exchange

Mr. Michael T. Strianese is Executive Chairman of the Board of the Company., effective from January 1, 2018 . Prior to that time, he served as our Chief Executive Officer since October 2006, and also as our Chairman since October 2008. He also served as ...
Posted: April 22, 2018, 5:00 pm

Christopher E. Kubasik Elected Chairman of the L3 Technologies Board of Directors

Kubasik, Chief Executive Officer and President of L3, as Chairman of the Board. Mr. Kubasik succeeds Michael T. Strianese as Chairman. “The election of Chris Kubasik as Chairman reflects our confidence in him and his long-term vision and growth strategy ...
Posted: May 7, 2018, 8:38 pm

New CEO for L3 Technologies

Michael T Strianese, the long-serving leader of L-3 Technologies (formerly L-3 Communications), has announced that he will retire from the role of chief executive officer (CEO) at the end of this year after more than 20 years with the group. Strianese ...
Posted: July 20, 2017, 5:05 am
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