NEW YORK--(BUSINESS WIRE)--L3 Technologies (NYSE:LLL) announced today that James P. Blair Jr. has been promoted to Vice President and Treasurer, effective immediately. Mr. Blair succeeds Stephen Souza, who retired after 16 years of distinguished service.
Mr. Blair, who previously served as Vice President of Financial Operations, will continue to report to Ralph G. D’Ambrosio, Senior Vice President and Chief Financial Officer. In this role, Mr. Blair will oversee L3’s global treasury operations, including foreign exchange and capital markets, cash planning, rating agency relations, risk management and worldwide banking activities.
“Jim has been a valuable member of the finance team for 13 years,” said Mr. D’Ambrosio. “He has an extensive background in finance and business operations, as well as a strong understanding of L3 and its culture. I look forward to continuing to work with him as we manage L3’s capital structure and liquidity, and support L3’s growth.”
In his most recent position as L3’s Vice President of Financial Operations, Mr. Blair was responsible for oversight of the company’s cash planning, working capital and capital expenditures management, and was involved in various other financial management matters. Mr. Blair also previously served as the Chief Financial Officer of L3’s former National Security Solutions business, which was divested in February 2016. Prior to joining L3 in 2005, he served in a variety of senior financial leadership roles, including positions at Titan Corporation, before it was acquired by L3, and several other diversified companies in various industries.
Mr. Blair holds a Bachelor of Science degree from the Wharton School of the University of Pennsylvania and a Master of Business Administration degree from Drexel University.
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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Act of 1995
Except for historical information contained herein, the matters set forth in this news release are forward-looking statements. Statements that are predictive in nature, that depend upon or refer to events or conditions or that include words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” “will,” “could” and similar expressions are forward-looking statements. The forward-looking statements set forth above involve a number of risks and uncertainties that could cause actual results to differ materially from any such statement, including the risks and uncertainties discussed in the company’s Safe Harbor Compliance Statement for Forward-Looking Statements included in the company’s recent filings, including Forms 10-K and 10-Q, with the Securities and Exchange Commission. The forward-looking statements speak only as of the date made, and the company undertakes no obligation to update these forward-looking statements.