Friday, March 16, 2012
L-3 Communications Holdings Inc: $LLL Cash Flow Valuation Update
Current Price: ~ $71/share
Projected Yield: ~ 2.83%
L-3 Communications is a leading provider of high-technology products, systems, and subsystems in the defense electronics business. Customers include the United States Department of Defense (75% of 2011 sales), other U.S. governmental agencies (7%), foreign governments (8%), and commercial customers (6% foreign and 4% domestic). Areas of focus include intelligence, aircraft modernization, training, communication systems, and specialized products such as bomb-detection equipment.