Christopher E. Kubasik Elected Chairman of the L3 Technologies Board of Directors

NEW YORK--(BUSINESS WIRE)--May 7, 2018-- L3 Technologies (NYSE:LLL) announced today that its Board of Directors has elected Christopher E. Kubasik, Chief Executive Officer and President of L3, as Chairman of the Board. Mr. Kubasik succeeds Michael T. Strianese as Chairman. “The election of Chris Kubasik as Chairman reflects our confidence in him...

NEW YORK--(BUSINESS WIRE)--May 7, 2018-- L3 Technologies (NYSE:LLL) announced today that its Board of Directors has elected Christopher E. Kubasik, Chief Executive Officer and President of L3, as Chairman of the Board. Mr. Kubasik succeeds Michael T. Strianese as Chairman.

“The election of Chris Kubasik as Chairman reflects our confidence in him and his long-term vision and growth strategy for L3,” said Robert B. Millard, Lead Independent Director. “Chris has already proven that he is a results-driven leader since he assumed the role of CEO in January, and we are confident in his abilities to guide L3 through this next phase of growth and value creation for our shareholders. On behalf of the Board, I thank Mike for his many years of service and contributions to the company.”

“I am honored to serve as Chairman and will continue to work with the Board and management team to transform the company and position L3 for sustained growth,” said Mr. Kubasik. “We are focused on being agile innovators to deliver affordable solutions to our customers and are investing in areas that provide us with the greatest potential to drive disciplined, profitable growth for our shareholders.”

Headquartered in New York City, L3 Technologies employs approximately 31,000 people worldwide and is a leading provider of a broad range of communication, electronic and sensor systems used on military, homeland security and commercial platforms. L3 is also a prime contractor in aerospace systems, security and detection systems, and pilot training. The company reported 2017 sales of $9.6 billion.

To learn more about L3, please visit the company’s website at www.L3T.com. L3 uses its website as a channel of distribution of material company information. Financial and other material information regarding L3 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.

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Source: L3 Technologies

L3 Technologies
Corporate Communications
212-697-1111

Source: www.l3t.com