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On December 31, 2016, the company changed its name from L-3 Communications Holdings, Inc. to L3 Technologies, Inc. to better reflect the company's wider focus since its founding in 1997. The company's website changed from L-3com.com to L3T.com, but the company's NYSE ticker symbol of LLL remained the same.
The company headquarters was moved from Cleveland to Melbourne in 1978. [7] [8] In May 2015, Harris finalized the purchase of competitor Exelis Inc., almost doubling the size of the original company. [9] L-3 Communications was formed in 1997 to acquire certain business units from Lockheed Martin that had previously been part of Loral Corporation.
At the time it was announced that the name Tyvak would be phased out and the focus of the whole company (that is, both Tyvak and Terran Orbital) would be transitioned into larger satellites from nanosats and cubesats. [1] At the end of October 2024, Lockheed Martin acquired Terran Orbital, becoming the sole owner of the company. The company ...
Turning back to Lockheed Martin, the defense contractor has also had margin issues in recent years. Management believes that 2024 will be a low-water mark for margins, and according to CFO Jesus ...
Explore the exciting world of Lockheed Martin (NYSE: LMT) with our expert analysts in this Motley Fool Scoreboard episode. Check out the video below to gain valuable insights into market trends ...
United Launch Alliance, LLC (ULA) is an American launch service provider formed in December 2006 as a joint venture between Lockheed Martin Space and Boeing Defense, Space & Security. The company designs, assembles, sells and launches rockets, but the company subcontracts out the production of rocket engines and solid rocket boosters.
That's a problem for the U.S. and allied militaries, though, and for defense companies like Lockheed Martin (NYSE: LMT) ... General Dynamics stock will be the biggest beneficiary of all.
In August 2016, the deal to merge with the entirety of Lockheed Martin's Information Systems & Global Solutions (IS&GS) business came to a close, more than doubling the size of Leidos and its portfolio, and positioning the company as the global defense industry's largest enterprise in the federal technology sector. [27]