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L-3 Communications Holdings Inc

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  • WASHINGTON, Dec 5- The Pentagon's chief weapons buyer on Friday said he was urging U.S. arms makers to spend more on research and development, arguing that investment in new technology would pay off as the United States seeks to ensure its future military readiness. Northrop Grumman Corp this week announced a $3 billion share repurchase authorization, while L-3...

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  • Oct 10- L-3 Communications Holdings Inc said an internal review of its aerospace systems business found no material misstatements of its previous financial statements, sending its shares up as much as 13.5 percent in late afternoon trading. L-3 recorded total pre-tax charges of about $169 million at its aerospace systems business as a result of the review.

  • NEW YORK, Oct 10- The S&P 500 and Nasdaq on Friday posted their largest weekly declines since May 2012 and the Dow turned negative for the year, led down by technology stocks after a chipmaker warned of a major pullback in the industry. Some pinned the slide to concern about the Federal Reserve's imminent ending of its asset purchases stimulus, as well as worries...

  • NEW YORK, Oct 10- The S&P 500 and Nasdaq on Friday posted their largest weekly declines since May 2012 and the Dow turned negative for the year, led down by technology stocks after a chipmaker warned of a major pullback in the industry. Some pinned the slide to concern about the Federal Reserve's imminent ending of its asset purchases stimulus, as well as worries...

  • Chipmakers led the decline, with the PHLX semiconductor index down 6.6 percent, the most for any day since mid February 2009, after Microchip Technology warned of a broad-based industry downturn. Microchip Tech shares tumbled 11.9 percent and the SOX entered correction territory, falling as much as 15.4 percent from a 13- year high hit less than a month ago.

  • July 31- An employee complaint exposed accounting misconduct at L-3 Communications Holdings Inc, according to people familiar with the matter, prompting the aerospace and defense supplier to fire four people, revise two years of earnings statements and cut its earnings forecast.

  • UPDATE 2-L-3 discloses accounting misconduct, fires four Thursday, 31 Jul 2014 | 12:29 PM ET

    *L-3 to take related pretax charge of $84 mln. July 31- L-3 Communications Holdings Inc said it fired four employees as part of an ongoing internal review that revealed overstatement of net sales and cost overruns in the company's aerospace business.

  • *L-3 to take related pretax charge of $84 mln. July 31- L-3 Communications Holdings Inc said it fired four employees as part of an ongoing internal review that revealed overstatement of net sales and deferred cost overruns in the company's aerospace business.

  • July 31- L-3 Communications Holdings Inc said it had fired four employees as part of an ongoing internal review that revealed overstatement of net sales and deferred cost overruns in the company's aerospace business. L-3 said it expected a related reduction of about $43 million in net sales and a pre-tax charge of $84 million.

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