MRO Magazine

L-3 to Consolidate Electron Devices Business Into Existing Operations


May 16, 2016
By Business Wire News

NEW YORK

L-3 Communications (NYSE:LLL) announced today that it plans to close its Electron Devices facility in San Carlos, California, in late 2017 and transition its manufacturing operations to the North Central Pennsylvania and Los Angeles areas. The consolidation initiative, which is part of the company’s ongoing strategic effort to increase efficiencies across its operations, will take place throughout 2017. Employees at the affected L-3 Electron Devices location in San Carlos will be offered employment at one of the two L-3 locations or given appropriate notice and severance assistance. The San Carlos facility currently employs 314 professionals.

“We take decisions that affect our employees and customers very seriously, which is why we are rolling out a phased plan for the gradual consolidation of this facility to ease the transition and ensure continuity of customer service,” said Michael T. Strianese, L-3’s chairman and chief executive officer. “We are focused on the long-term future of L-3 and are taking strategic, deliberate actions to improve the company’s overall operations and enhance our competitive positions and future growth. We are pursuing these actions with vigor so that we stay aligned with our customers and end users who rely on L-3 products and services.”

L-3 Electron Devices is a leading worldwide supplier of microwave vacuum electron devices and related products. Its ISO-9001 certified facilities produce a wide variety of products for the defense, industrial, medical, broadcast, test and scientific markets, including Microwave Power Modules (MPMs), Traveling Wave Tubes (TWTs), magnetrons, klystrons, thyratrons, Crossed-Field Amplifiers (CFAs), electron emitters, Inductive Output Tubes (IOTs) and Constant Efficiency Amplifiers (CEAs). To learn more, please visit the company’s website at www.L-3com.com/edd.

Headquartered in New York City, L-3 employs approximately 38,000 people worldwide and is a leading provider of a broad range of communication and electronic systems and products used on military and commercial platforms. L-3 is also a prime contractor in aerospace systems. The company reported 2015 sales of $10.5 billion.

To learn more about L-3, please visit the company’s website at www.L-3com.com. L-3 uses its website as a channel of distribution of material company information. Financial and other material information regarding L-3 is routinely posted on the company’s website and is readily accessible.

Safe Harbor Statement Under the Private Securities Litigation Reform 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.

L-3
Corporate Communications
212-697-1111