This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

6 Defense Picks for Diversification





5. L-3 Communications is a security contractor with operations spanning across command, control, communications, intelligence, surveillance and reconnaissance (CCCISR), aircraft modernization and maintenance (AM&M), government services and electronic systems.

Consolidated net sales for the third quarter of 2010 were flat at $3.8 billion, relative to the same quarter last year. The AM&M segment reported a 4.8% drop in sales, offsetting the 7.5% increase in CCCISR sales.

Reviewing the quarter, Michael T Strianese, L-3 president and CEO, said, "Despite softer-than-expected sales, our Intelligence, Surveillance, and Reconnaissance businesses continued to see robust demand and we were able to expand margins and generate strong cash flow." Operating margins improved by 50 basis points to 11.4%.

Net cash was $395 million for the quarter. Acquisitions during the quarter included a couple of companies in unmanned systems and satellite communications space worth $93 million. The stock is trading at 11 to 12 times its estimated 2011 earnings.

3 of 7

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG
ASEI $37.76 1.00%
FLIR $31.50 0.77%
GD $140.60 0.33%
LMT $190.48 0.78%
LLL $115.49 0.85%

Markets

DOW 18,102.83 +78.77 0.44%
S&P 500 2,116.86 +8.57 0.41%
NASDAQ 5,028.4850 +23.0940 0.46%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs