L-3 Communications Hldgs.
Industry: Communications Equipment

L-3 Communications is a leading merchant supplier of secure communications systems and products, avionics and ocean products, training products, microwave components and telemetry, instrumentation, space and wireless products. Its customers include the Department of Defense, selected U.S. government intelligence agencies, aerospace prime contractors and commercial telecommunications and wireless customers.

Business Summary
L-3 Communications Holdings, Inc. (L-3 Holdings) is a supplier of products used in a substantial number of aerospace and defense platforms. The Company derives all of its operating income and cash flow from its wholly owned subsidiary, L-3 Communications Corporation (L-3 Communications). L-3 Holdings is also a supplier of subsystems on many platforms, including those for secure communication networks and communication products, mobile satellite communications, information security systems, shipboard communications, naval power systems, fuzes and safety and arming devices for missiles and munitions, microwave assemblies for radars and missiles, telemetry and instrumentation and airport security systems. During the year ended December 31, 2004, the Company had four segments: Secure Communications and ISR; Training, Simulation and Government Services; Aircraft Modernization, O&M and Products and Specialized Products.

Financial Summary
L-3 Communications is a merchant supplier of secure communication systems & specialized communication products, including secure, high data rate systems, microwave components, avionics and ocean systems, and telemetry and space products. For the 6 months ended 6/30/05, sales rose 26% to $4.04B. Net income rose 39% to $221.8M. Results reflect a strong demand for secure communications and ISR systems, and higher incentive fees earned on contracts.