[Avionics Today March 19, 2014] L-3 Communications has reorganized its business segments in an effort to increase its competitive standing within the aerospace industry, officials of the company said.
The company's new structure includes the following four business segments; Aerospace Systems, Electronic Systems, Communication Systems and National Security Solutions.
“The realigned business segments will enhance L-3’s productivity and agility,” said Michael T. Strianese, L-3’s chairman, president and chief executive officer. “This new structure will improve our competitive position and generate cost savings, as well as greater technology and sales synergies, through more focused collaboration across the company."
L-3 plans on presenting the new segments during its upcoming investor conference on March 25, 2014.