NEW YORK--(BUSINESS WIRE)--L3 Technologies (NYSE:LLL) announced today that its Board of Directors has elected Christopher E. Kubasik, Chief Executive Officer and President of L3, as Chairman of the Board. Mr. Kubasik succeeds Michael T. Strianese as Chairman.
“The election of Chris Kubasik as Chairman reflects our confidence in him and his long-term vision and growth strategy for L3,” said Robert B. Millard, Lead Independent Director. “Chris has already proven that he is a results-driven leader since he assumed the role of CEO in January, and we are confident in his abilities to guide L3 through this next phase of growth and value creation for our shareholders. On behalf of the Board, I thank Mike for his many years of service and contributions to the company.”
“I am honored to serve as Chairman and will continue to work with the Board and management team to transform the company and position L3 for sustained growth,” said Mr. Kubasik. “We are focused on being agile innovators to deliver affordable solutions to our customers and are investing in areas that provide us with the greatest potential to drive disciplined, profitable growth for our shareholders.”
Headquartered in New York City, L3 Technologies employs approximately 31,000 people worldwide and is a leading provider of a broad range of communication, electronic and sensor systems used on military, homeland security and commercial platforms. L3 is also a prime contractor in aerospace systems, security and detection systems, and pilot training. The company reported 2017 sales of $9.6 billion.
To learn more about L3, please visit the company’s website at www.L3T.com. L3 uses its website as a channel of distribution of material company information. Financial and other material information regarding L3 is routinely posted on the company’s website and is readily accessible.
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