Mary-Louise Hoffman
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.â€
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.
