LLL » Topics » Overview

This excerpt taken from the LLL 10-K filed Feb 26, 2010.
Overview
 
L-3 Holdings, a Delaware corporation organized in April 1997, derives all of its operating income and cash flows from its wholly-owned subsidiary, L-3 Communications. L-3 Communications, a Delaware corporation, was organized in April 1997. L-3 is a prime system contractor in Command, Control, Communications, Intelligence, Surveillance and Reconnaissance (C3ISR) systems, government services, and aircraft modernization and maintenance. L-3 is also a leading provider of high technology products, subsystems and systems. Our customers include the United States (U.S.) Department of Defense (DoD) and its prime contractors, U.S. Government intelligence agencies, the U.S. Department of Homeland Security (DHS), U.S. Department of State (DoS), U.S. Department of Justice (DoJ), allied foreign governments, domestic and foreign commercial customers and select other U.S. federal, state and local government agencies.
 
For the year ended December 31, 2009, we generated sales of $15.6 billion, operating income of $1,656 million and net cash from operating activities of $1,407 million. The table below presents a summary of our 2009 sales by major category of end customer. For a more detailed presentation of our sales by end customer, see “Major Customers” on page 13.
 
                 
          % of
 
    2009 Sales     Total Sales  
    (in millions)        
 
DoD
  $ 11,932       76 %
Other U.S. Government
    1,127       7  
                 
Total U.S. Government
  $ 13,059       83 %
Foreign governments
    1,082       7  
Commercial – foreign
    867       6  
Commercial – domestic
    607       4  
                 
Total sales
  $ 15,615       100 %
                 
 
We have the following four reportable segments: (1) C3ISR, (2) Government Services, (3) Aircraft Modernization and Maintenance (AM&M), and (4) Electronic Systems (previously named Specialized Products). During the 2009 fourth quarter, we renamed our Specialized Products reportable segment Electronic Systems to better describe the nature of the segment’s businesses. Financial information for our reportable segments, including financial information about geographic areas, is included in “Part II — Item 7 — Management’s Discussion and Analysis of Financial Condition and Results of Operations” and in Note 22 to our audited consolidated financial statements.
 
These excerpts taken from the LLL 10-K filed Feb 26, 2009.
Overview
 
L-3 Holdings, a Delaware corporation organized in April 1997, derives all of its operating income and cash flows from its wholly-owned subsidiary, L-3 Communications. L-3 Communications, a Delaware corporation, was organized in April 1997. L-3 is a prime system contractor in aircraft modernization and maintenance, Command, Control, Communications, Intelligence, Surveillance and Reconnaissance (C3ISR) systems, and government services. L-3 is also a leading provider of high technology products, subsystems and systems. Our customers include the U.S. Department of Defense (DoD) and its prime contractors, U.S. Government intelligence agencies, the U.S. Department of Homeland Security (DHS), U.S. Department of State (DoS), U.S. Department of Justice (DoJ), allied foreign governments, domestic and international commercial customers and select other U.S. federal, state and local government agencies.
 
For the year ended December 31, 2008, we generated sales of $14.9 billion, operating income of $1,685 million and net cash from operating activities of $1,387 million. The table below presents a summary of our 2008 sales by major category of end customer. For a more detailed presentation of our sales by end customer, see “Major Customers” on page 12.
 
                 
          % of
 
    2008 Sales     Total Sales  
    (in millions)        
 
DoD
  $ 11,059       74 %
Other U.S. Government
    1,067       7  
                 
Total U.S. Government
  $ 12,126       81 %
International
    2,086       14  
Commercial – domestic
    689       5  
                 
Total sales
  $ 14,901       100 %
                 
 
We have the following four reportable segments: (1) C3ISR, (2) Government Services, (3) Aircraft Modernization and Maintenance (AM&M), and (4) Specialized Products. Financial information for our reportable segments, including financial information about geographic areas, is included in “Part II — Item 7 — Management’s Discussion and Analysis of Financial Condition and Results of Operations” and in Note 21 to our audited consolidated financial statements.
 
Overview


 



L-3 Holdings, a Delaware corporation organized in April 1997,
derives all of its operating income and cash flows from its
wholly-owned subsidiary, L-3 Communications. L-3 Communications,
a Delaware corporation, was organized in April 1997. L-3 is a
prime system contractor in aircraft modernization and
maintenance, Command, Control, Communications, Intelligence,
Surveillance and Reconnaissance
(C3ISR)

systems, and government services. L-3 is also a leading provider
of high technology products, subsystems and systems. Our
customers include the U.S. Department of Defense (DoD) and
its prime contractors, U.S. Government intelligence
agencies, the U.S. Department of Homeland Security (DHS),
U.S. Department of State (DoS), U.S. Department of
Justice (DoJ), allied foreign governments, domestic and
international commercial customers and select other
U.S. federal, state and local government agencies.


 



For the year ended December 31, 2008, we generated sales of
$14.9 billion, operating income of $1,685 million and
net cash from operating activities of $1,387 million. The
table below presents a summary of our 2008 sales by major
category of end customer. For a more detailed presentation of
our sales by end customer, see “Major Customers” on
page 12.


 

















































































































































                 

 

 

 

 

 

% of



 

 

 

2008 Sales

 

 

Total Sales

 

 

 

(in millions)

 

 

 

 
 


DoD


 

$

11,059

 

 

 

74

%


Other U.S. Government


 

 

1,067

 

 

 

7

 

 

 

 

 

 

 

 

 

 


Total U.S. Government


 

$

12,126

 

 

 

81

%


International


 

 

2,086

 

 

 

14

 


Commercial – domestic


 

 

689

 

 

 

5

 

 

 

 

 

 

 

 

 

 


Total sales


 

$

14,901

 

 

 

100

%

 

 

 

 

 

 

 

 

 






 



We have the following four reportable segments:
(1) C3ISR,

(2) Government Services, (3) Aircraft Modernization
and Maintenance (AM&M), and (4) Specialized Products.
Financial information for our reportable segments, including
financial information about geographic areas, is included in
“Part II — Item 7 —
Management’s Discussion and Analysis of Financial Condition
and Results of Operations” and in Note 21 to our
audited consolidated financial statements.


 




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