L3 Tech To Realign Its Business Segments

(RTTNews) - L3 Technologies (LLL) said that it is realigning its business segments to maximize growth and improve its integration and collaboration across the enterprise.

Effective immediately, Aerospace Systems will combine with Sensor Systems to form the new Intelligence, Surveillance & Reconnaissance (ISR) Systems segment, which will heighten L3's focus on developing and delivering best-in-class global ISR and signals intelligence (SIGINT) solutions.

The company noted that the segment will be led by Jeffrey A. Miller, corporate Senior Vice President and President of Sensor Systems, and have combined estimated 2018 sales of $4.7 billion. Mark Von Schwarz, President of Aerospace Systems, will retire from the company after the transition is complete. L3's Electronic Systems and Communication Systems segments remain unchanged.