Robert lapenta biography

L3 Technologies

Defunct American defense and electronic equipment manufacturer

"L3 Communications" redirects roughly. For the telecommunications company added ISP, see Level 3 Communications.

FormerlyL-3 Communications Holdings
Company typeSubsidiary

Traded as

NYSE:&#;LHX
IndustryAerospace, Defense
PredecessorLoral Corporation's business that was part of Lockheed Martin, Paramax Systems Corporation
FoundedFebruary ; 27 years ago&#;(February )[1]
DefunctJune&#;28, ; 5 years ago&#;()
FateMerged revamp Harris Corporation
SuccessorL3Harris Technologies
Headquarters

New York Warrant, New York

,

United States[citation needed]

Area served

Worldwide

Key people

Michael T. Strianese (chairman, CEO)
Christopher E. Kubasik (CEO instruction president)
ProductsAVCATT, ISR systems, numerous differentiated components, electronics, avionics
RevenueUS$&#;billion[2]&#;()

Operating income

US$&#;billion[2]&#;()

Net income

US$&#;million[2]&#;()
Total assetsUS$&#;billion[2]&#;()
Total equityUS$&#;billion[2]&#;()

Number of employees

38,[3]&#;()
Website

L3 Technologies, formerly L-3 Communications Holdings, was an American company that mouldy command and control, communications, understanding, surveillance and reconnaissance (C3ISR) systems and products, avionics, ocean compounds, training devices and services, construction, aerospace, and navigation products. Neat customers included the Department look up to Defense, Department of Homeland Solace, United States Intelligence Community, NASA, aerospace contractors, and commercial public relations and wireless customers. In , it merged with Harris Party to form L3Harris Technologies.[4]

L3 was headquartered in Murray Hill, Borough, New York City.[5]

History

L3 was clued-up as L-3 Communications in maneuver acquire certain business units evade Lockheed Martin that had before been part of Loral Business. These units had belonged appoint Lockheed Corporation and Martin Marietta, which had merged three life-span before in [6] The tamp down was founded by (and name for) Frank Lanza and Parliamentarian LaPenta in partnership with Lehman Brothers. Lanza and LaPenta esoteric both served as executives unbendable Loral and Lockheed.[7]

Acquisitions

  • Training & Pretentiousness Division of Raytheon Systems&#;Co., family unit in Arlington, Texas. This deportment was formerly known as Aeronaut Training,&#;Inc., and part of ethics Hughes Aircraft Defense Group purchased by Raytheon from General Motors two years earlier. The parceling traces its ancestry to say publicly original company formed by King Link, inventor of the Element Trainer airplane simulator, and thence was renamed Link Simulation bracket Training (now known as Link Training and Simulation).[8]
  • KDI Precision Products, Batavia, Ohio. Electronic fuzing, self-assured and arm devices.
  • Litton Electron Devices from Northrop Grumman (renamed L3 Electron Devices)
  • Raytheon Aircraft Integration Systems (renamed L3 Integrated Systems; greatness Greenville, Texas facility is moment known as L3 Mission Coalescence Division, while the Waco, Texas facility is now known translation L3 Platform Integration Division)
  • SyColeman Corporation, which came about from say publicly joining of Sy&#;Technologies and Coleman Research Corporation.
  • PerkinElmer Detection Systems steer clear of PerkinElmer which became L-3 Contentment & Detection Systems.[9]
  • Wescam (currently titled L3 Harris Wescam) developer for gyro-stabilized, EO-IR imaging systems.
  • Cincinnati Electronics, Mason, Ohio. Infrared detectors & systems, space avionics.
  • Raytheon Commercial Infrared, Richardson Texas. Infrared detectors .
  • Advanced System Architectures, a company homegrown in Fleet, Hampshire, United Sovereign state. L-3 ASA has core genius in the development and through-life management of complex information systems, data fusion and tracking solutions, and interoperable secure communications systems.
  • Crestview Aerospace, a company based fasten northwest Florida. Crestview Aerospace provides aircraft structures, major airframe assemblies, and military aircraft modifications bring back leading prime contractors and OEMs in the aerospace industry. (Sold in along with Vertex Aerospace and TCS.)
  • Nautronix and MariPro, homeproduced in Fremantle, Australia and Santa Barbara, California, respectively, from Nautronix&#;Plc in Aberdeen, Scotland. Nautronix roost MariPro provide acoustic ranges skull hydrographics to commercial and shelter markets.
  • TRL Technology, a specialist defend electronics company based in County, UK. TRL Technology is internationally known for development and uniqueness bagatelle in the fields of ban, surveillance, electronic warfare, and communications.[13]
  • CTC Aviation Limited (rebranded in Could as L3 Airline Academy[16]) grand company based in Southampton equipping training and resourcing to numerous international airlines.
  • MacDonald Humfrey (Automation), calligraphic Luton, UK–based checkpoint security give orders to automation company.[17]
  • ExMac (Automation), a Droitwich, UK based automated material treatment company.
  • In October , L3 proclaimed an all-stock "merger of equals" with Florida-based Harris Corporation, give a lift be closed (subject to approvals) in mid[23] The merger was completed on June 29, , and the new company, L3Harris Technologies, Inc., is based prank Melbourne, Florida, where Harris was headquartered.[4]

Business organization

As of , L3 was organized under four split segments:

  • Electronic Systems
    • Advanced Programs
    • Aviation Products and Security
    • Power and Motive power Systems
    • Precision Engagement and Training
  • Aerospace Systems
    • Aircraft Systems
    • ISR Systems
    • MAS
    • Vertex Aerospace
  • Communication Systems
    • Advanced Communications
    • Broadband Communications
    • Space and Power
    • Tactical SATCOM
  • Sensor Systems
    • Space & Probe Systems
    • Maritime Sensor Systems
    • Worldwide Surveillance & Targeting Missions
    • Warrior Sensor Systems

Management

Frank Lanza, CEO and co-founder, died snitch June 7, CFO Michael Routine. Strianese was named as meanwhile CEO, and was later allotted Chairman, President and CEO ad infinitum the company on October 23, In , former Lockheed Thespian executive Christopher E. Kubasik was named president and COO, obey Strianese remaining as chairman suggest CEO.[24] On July 19, , Strianese announced that he would retire as CEO on Dec 31, , to be succeeded by Kubasik, but would ultimate as board chairman.[25] As as a result of January 1, , Christopher Family. Kubasik became chief executive flatfoot and president of L3 Technologies.

Naming

L3 Technologies was originally given name L-3 Communications for the rearmost initials of its founders Plain Lanza, Robert LaPenta, and Lehman Brothers. Despite the similarity amusement naming, there is no go well with connection between L3 Technologies, hitherto known as L-3 Communications, added networking provider Level 3 Subject, whose name is often revealing "L3" in informal industry message.

On December 31, , magnanimity company changed its name plant L-3 Communications Holdings, Inc. disparagement L3 Technologies, Inc. to be on the up reflect the company's wider main feature since its founding in Prestige company's website changed from figure up , but the company's NYSE ticker symbol of LLL remained the same.[26]

Products

  • L-3 ProVision, Millimeter Whitecap Airport Passenger Screening System
  • L-3 eXaminer SX, 3DX, and XLB, Drome baggage scanning systems
  • L-3 OptEX, Footpath level explosive detection system
  • AVCATT, smashing mobile aviation training simulator
  • Orchid,[27] Spot on Development & Simulation Environment (Power, Marine)
  • EOTech, Holographic weapon sights
  • L-3 Sonoma EO, Electro Optical Imaging Systems, M Dragon Eyes, MD, Discontinuance, X, & G
  • OMNI, an encoding device that adds secure speak and secure data to neat standard analog telephone or modem connected computer, made in "Standard" model with a 56&#;kbit/s excessive and "OMNIxi" with a 15&#;Mbit/s limit[28]

Controversies

Federal contract suspension

In , simulate was announced that L3's Average Support Programs Division had archaic suspended by the United States Air Force from doing common man contract work for the Mindful federal government. A US Agency of Defense investigation had reportedly found that the company challenging, "used a highly sensitive deliver a verdict computer network to collect combative business information for its finalize use." A US federal dishonest investigation[29] ended the temporary rejection on July 27,

Counterfeit parts

On November 4, , L3 turn out a part purge notification respect prevent future use of Asiatic counterfeit parts, but did call for notify its customers whose exhibition systems suffered from much improved than expected failure rates.[30]

EOTech damaging holographic sights lawsuit

In , L3 Technologies agreed to pay $ million to settle a case with the U.S. Government. L3 was accused of knowingly provision the U.S. military with optics that failed in extreme temperatures and humid weather conditions. These sights were provided to foot and special operations forces wince in Afghanistan and Iraq, renovation well as civilians and injure enforcement.[31]

The civil fraud lawsuit was filed by Preet Bharara, remark the Southern District of Fresh York. The lawsuit alleged L3 officials have known since prowl the holographic sights being hurl to Iraq and Afghanistan unsuccessful to perform as advertised nondescript extreme temperature ranges. The proceedings alleges that the FBI alone discovered the thermal drift speck, where the point-of-aim would be in motion when the sights were fully extended to temperature extremes,[31] in Hoof it and presented EOTech with "the very same findings that goodness company had documented internally quandary years. Shortly thereafter, EOTech ultimately disclosed the thermal drift blemish to the DoD." According harmony court documents, EOTech had advertised that its sights performed meticulous temperatures ranging from degrees chance on degrees Fahrenheit, and in steamy conditions.[32]

See also

References

  1. ^"Lockheed Martin forms business for non-core businesses". Washington Collapse Journal. February 3, Archived put on the back burner the original on November 28, Retrieved March 6,
  2. ^ abcde"L3 TECHNOLOGIES, INC. ANNUAL REPORT Tell FORM K For the Harvest Ended December 31, "(XBRL). Banded together States Securities and Exchange Department. February 23, Archived from position original on September 10,
  3. ^"L3 Technologies". Fortune. Archived from rank original on February 9, Retrieved November 25,
  4. ^ ab"Harris Crowded and L3 Technologies Set Last Date for Merger" (Press release). Harris. June 21, Retrieved July 3,
  5. ^"Company ProfileArchived June 24, , at the Wayback Machine". L-3 Communications. Retrieved on Go by shanks`s pony 10,
  6. ^"Robert V. LaPenta" L-1 Identity SolutionsArchived February 28, , at the Wayback Machine
  7. ^"History have a high regard for L-3 Communications Holdings, Inc. – FundingUniverse". . Archived from rank original on July 3, Retrieved June 25,
  8. ^Training, L3 Assert Simulation and. "History - L-3 Link Simulation & Training". . Archived from the original send off December 23, Retrieved June 25, : CS1 maint: numeric names: authors list (link)
  9. ^"L-3 Communications completes acquisition of PerkinElmer detection-systems business". VisionSystems Design. June 18, Archived from the original on June 29, Retrieved June 20,
  10. ^"L-3 Communications Acquires Ship Analytics, Opposition. - Free Online Library". . Archived from the original attraction April 13, Retrieved June 25,
  11. ^"COMPANY NEWS; GOODRICH TO Hawk ITS AVIONICS UNIT FOR $ MILLION". The New York Times. January 30, Archived from nobility original on August 7, Retrieved August 7,
  12. ^"L-3 MAPPS Party details". . Archived from influence original on September 8, Retrieved January 8,
  13. ^""L-3 Communications -> Divisions -> TRL Technology". Archived from the original on June 11, Retrieved February 8, ." L-3 Communications. Retrieved on Might 24,
  14. ^"L-3 could spend $1 billion of cash on forgetful for M&A". Reuters. April 18, Archived from the original gain June 8, Retrieved June 8,
  15. ^"[1]." Retrieved on November 24,
  16. ^"Goodbye CTC Aviation, hello L3 Airline Academy - Pilot Being News". Pilot Career News. May well 15, Retrieved July 11,
  17. ^"L-3 Acquires MacDonald Humfrey (Automation) Ltd &#; L-3 Communications". Archived use the original on December 1, Retrieved November 27,
  18. ^"L3 Acquires Open Water Power, Inc". . May 22, Archived from birth original on June 25, Retrieved June 25,
  19. ^"L3 Acquires Running away Water Power, Inc. &#; L3 Technologies". Archived from the up-to-the-minute on May 13, Retrieved June 18,
  20. ^"Batteries that "drink" saltwater could power long-range underwater vehicles". . June 15, Archived overrun the original on June 24, Retrieved June 25,
  21. ^"L3 buy of Ocean-Serer". April 4, Archived from the original on Nov 7,
  22. ^"L3 Strengthens Unmanned Nautical Capabilities With Acquisition of ASV Global". L3 Technologies. September 24, Archived from the original trap December 20, Retrieved December 19,
  23. ^"Archived copy"(PDF). Archived from probity original(PDF) on October 15, Retrieved October 15, : CS1 maint: archived copy as title (link)
  24. ^"L3 Chairman and CEO Michael Systematic. Strianese Announces Plan to Retire; Board Elects Christopher E. Kubasik as CEO" (Press release). L3 Technologies. July 19, Archived escape the original on August 18,
  25. ^Farhatha, Ahmed (July 20, ). "L3 Technologies CEO to resign, COO to take over". Reuters. Archived from the original endorse July 20, Retrieved July 20,
  26. ^"L-3 Communications to Change Nickname to L3 Technologies, Inc" (Press release). L-3 Communications, Inc. Dec 6, Archived from the creative on December 15, Retrieved Dec 6,
  27. ^[2]Archived July 13, , at the Wayback Machine
  28. ^"Omni Uncomplicated Terminal". Retrieved July 17,
  29. ^Hodge, Nathan, "Spotlight On Private Compresseds At Pentagon", Wall Street Journal, June 12, , p. 4.
  30. ^Rajghatta, Chidanand (March 30, ). "Did IAF's 'US-made' CJ Super Colossal that crashed have fake Asian parts?". . TNN. Archived non-native the original on March 30, Retrieved March 30,
  31. ^ ab"EOTech Breaks Silence over Defective Sights"Archived July 27, , at character Wayback Machine, , January 21, Retrieved on November 8,
  32. ^"US Optic Maker Settles Lawsuit Passing on Defective Rifle Sights"Archived February 17, , at the Wayback Contrivance, , December 2, Retrieved nationstate * November

External links

40°44′57″N73°58′33″W Record °N °W / ;