| NEW YORK, Feb 02, 2010 (BUSINESS WIRE) -- L-3 Communications (NYSE: LLL) announced today that its board of
directors has increased its regular quarterly cash dividend 14 percent
from $0.35 to $0.40 per share. The board has also declared the dividend
payable on March 15, 2010 to shareholders of record at the close of
business on March 1, 2010.
"Our continued confidence in L-3's financial and operational strength is
the catalyst for this increase to L-3's quarterly dividend," said
Michael T. Strianese, chairman, president and chief executive officer.
"We remain committed to delivering value to shareholders through
increased dividends, share repurchases and a focused, disciplined
approach to acquisitions."
Headquartered in New York City, L-3 Communications employs over 66,000
people worldwide and is a prime contractor in aircraft modernization and
maintenance, C3ISR (Command, Control, Communications,
Intelligence, Surveillance and Reconnaissance) systems and government
services. L-3 is also a leading provider of high technology products,
subsystems and systems. The company reported 2009 sales of $15.6 billion.
To learn more about L-3, please visit the company's Web site at www.L-3com.com.
L-3 uses its Web site as a channel of distribution of material company
information. Financial and other material information regarding L-3 is
routinely posted on the company's Web site 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.
SOURCE: L-3 Communications
L-3 Communications
Corporate Communications
212-697-1111
|
