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May 23, 2013
L-3 Communications (NYSE:LLL) is a defense company that provides a broad array of products and services ranging from providing information technology (IT) services to repairing aircraft. It is best known for providing secure network communication on many platforms such as satellites, ships, and airports.
Although the U.S. budget for national defense has more than doubled from 2001 to 2008, it is expected to decrease in the upcoming years.[1] Like all defense company, L-3 relies on government spending for most of its earnings - in particular the U.S. Government. In 2009, $13.1 billion of L-3's total $15.6 billion in sales came from the U.S. Government[2]
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