Steve Kantor Appointed Head of L-3 Services Group, Carl E. Vuono Retiring
NEW YORK, Apr 15, 2010 (BUSINESS WIRE) --L-3 Communications (NYSE: LLL) announced today that Steve Kantor has been appointed president of its Services Group effective June 1, 2010. Mr. Kantor, who is also a corporate senior vice president, will continue to report to L-3 chairman, president and chief executive officer Michael T. Strianese. Mr. Kantor succeeds Carl E. Vuono, who will retire and remain with L-3 in a consultancy role.
"Steve is a strategic executive with substantial experience in managing complex operations and overseeing an expansive, global customer base. He has consistently delivered growth by winning new business, increasing collaboration and integrating core businesses to achieve more efficient results," said Mr. Strianese. "His strong management focus will ensure the continued success of our Services Group's programs and initiatives."
Mr. Kantor, who has more than 35 years of defense industry leadership and management experience, joined L-3 as a corporate vice president in 2003 and was named a group president in 2005. He was appointed corporate senior vice president and president of L-3's Marine and Power Systems Group in 2008. Prior to that, Mr. Kantor served as president of BAE SYSTEMS Reconnaissance and Surveillance Systems from 1998-2003 and held executive positions at Loral, Lockheed Martin and United Technologies.
General Vuono (U.S. Army - Ret.), 75, has led L-3's Services Group since 2005, and also served as president of its MPRI business until January 2010. He joined the company in 2000 when L-3 acquired MPRI, after a distinguished military career during which he served at all levels of command. His service to the nation culminated in his appointment as the 31st Chief of Staff of the U.S. Army.
"The L-3 Board of Directors and I appreciate Carl's long record of accomplishments and contributions to the company over the last 10 years, as well as his selfless service to our country," continued Mr. Strianese. "During his tenure as the president of MPRI, Carl's division grew from a modest $50 million to $1.2 billion. Then in 2005, he assumed leadership of L-3's Services Group - along with his ongoing responsibilities as president of MPRI - and he organized, integrated and redesigned the Services Group into a $4 billion business that leads the industry in comprehensive, multi-dimensional and 'whole of government' programs that provide vital support to the U.S. in its national objectives, both domestically and overseas. During the next few months, Carl and Steve will work together to ensure a smooth transition of customer and business relationships."
Headquartered in New York City, L-3 Communications employs approximately 67,000 people worldwide and is a prime contractor in C3ISR (Command, Control, Communications, Intelligence, Surveillance and Reconnaissance) systems, aircraft modernization and maintenance and government services. L-3 is also a leading provider of a broad range of electronic systems used on military and commercial platforms. The company reported 2009 sales of $15.6 billion.
To learn more about L-3, please visit the company's Web site at www.L-3com.com. L-3 uses its Web site as a channel of distribution of material company information. Financial and other material information regarding L-3 is routinely posted on the company's Web site and is readily accessible.
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SOURCE: L-3 Communications
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