L-3 Promotes Steven Kantor to Corporate Senior Vice President
NEW YORK--(BUSINESS WIRE)--April 10, 2008--L-3 Communications (NYSE: LLL) announced today that Steven Kantor has been promoted to corporate senior vice president and president of the L-3 Marine and Power Systems Group. With nearly $1.2 billion in revenues, the newly formed group integrates the company's ocean and undersea warfare and sonar products and its marine power and control systems businesses.
Mr. Kantor will continue to report to Michael T. Strianese, president and chief executive officer of L-3.
"Steve's leadership has resulted in an expanded customer base and significant business wins for L-3," said Michael T. Strianese, president and CEO of L-3. "We look forward to Steve's contributions as we continue to execute on our strategy to integrate core businesses and expand the global business base in the Marine and Power segments."
Mr. Kantor has over 35 years of experience in the defense industry, serving the U.S. Department of Defense, prime contractors and OEM's, and foreign allies. He joined L-3 as a corporate vice president in 2003 and was named president of L-3's Power and Control Systems Group in 2005. Prior to that, Mr. Kantor served as president of BAE SYSTEMS Reconnaissance and Surveillance Systems from 1998-2003 and held various executive positions at Lockheed Martin, Loral and United Technologies.
Headquartered in New York City, L-3 Communications employs over 64,000 people worldwide and is a prime contractor in aircraft modernization and maintenance, C(3)ISR (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 2007 sales of $14 billion.
To learn more about L-3, please visit the company's Web site at www.L-3Com.com.
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.
MULTIMEDIA AVAILABLE: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=5655337 CONTACT: L-3 Communications Corporate Communications, 212-697-1111 SOURCE: L-3 Communications