BRIEF-L 3: Sales exposure to Iraq drawdown 'manageable' - News

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BRIEF-L 3: Sales exposure to Iraq drawdown 'manageable'

By: AFX | 04 Nov 2009 | 02:32 PM ET

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ATLANTA, Nov 4 (Reuters) - L-3 Communications Holdings Inc: * During presentation at Goldman Sachs conference carried on Internet, Chief Financial Officer Ralph D'Ambrosio says company thinks sales exposure to Iraq drawdown is 'manageable' * Says growth in intelligence, surveillance and reconnaissance business expected to slow next year, but it still sees strong prospects for that segment * Company slowed share repurchases in recent quarters as it was looking at acquisitions and eyeing bond-market conditions * Says it considered acquisition candidates that were acquired by rivals such as Lockheed Martin ((Atlanta Equities; tel: +1 404 493 3656)) (For more news about L-3 Communications Holdings Inc click here:) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

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