Christopher Kubasik: L3 Eyes Domestic, International Opportunities for Growth

Christopher Kubasik

Christopher Kubasik, chairman, president and CEO of L3 Technologies, said he has seen an increased domestic and foreign interest in communications and sensor technology platforms, Defense News reported Wednesday.

The report noted Kubasik also believes winning additional contracts will help drive the New York City-based firm’s goal of becoming what it calls a “non-traditional sixth prime.”

“The No. 1 way to improve margins in my opinion has always been to increase the denominator and to grow.”

“That’s why we’ve rolled our disciplined growth strategy, and myself and my team and others have been aggressively out there meeting with customers, both as a supplier to the primes and directly to the end users, to try to jump start the growth.”

Early this month, L3 announced it will sell its Vertex Aerospace, TCS and Crestview Aerospace businesses to investment firm American Industrial Partners for approximately $540 million cash.

Kubasik described the sale as a “strategic step” to L3’s portfolio optimization efforts and he added the company will use proceeds to invest in growth initiatives.

You may also be interested in...

Blue Origin

Blue Origin Launches 14th New Shepard Mission With Updated Crew Capsule

Blue Origin, a space company owned by Amazon CEO Jeff Bezos, used a capsule with updated crew systems during the company's 14th mission with the New Shepard rocket. The updated capsule featured new push-to-talk communications systems, noise reduction tools, cushioned wall linings, environmental systems and a crew alert system, Blue Origin said Thursday.

Teledyne

Teledyne Subsidiary to Produce Additional Navy LCS Missile Defense Modules

A Teledyne Technologies subsidiary has secured an $18M contract from Northrop Grumman to manufacture four more missile defense systems for the U.S. Navy's littoral combat ship mission package.

Orion

Lockheed’s Orion Spacecraft Concludes Assembly, Testing for NASA’s Artemis Mission to Lunar Orbit

Lockheed Martin has sent the Orion capsule to NASA’s exploration ground systems team for final preparations ahead of the unmanned Artemis I mission to lunar orbit that will launch later this year. The spacecraft concluded assembly operations and testing at Kennedy Space Center in Florida.