L3 splitting its electronics division

Prime contractor L3 is splitting its electronics division into two divisions: Electronic Systems and Sensor Systems.

"The Electronic Systems segment will include the Precision Engagement & Training, Aviation Products, and Security & Detection Systems sectors, as well as the Power & Propulsion Systems sector, excluding the Ocean Systems business, and will have 2016 estimated sales of $2.8 billion," according to an L3 news release.

The Sensor Systems division "will include the Integrated Sensor Systems and Warrior Systems sectors, as well as L3's Ocean Systems and Advanced Programs businesses, and will have 2016 estimated sales of $1.5 billion," the company said.

"As we continue to successfully execute on our strategic growth plan, we believe it's the right time to separate Electronic Systems into two segments to better pursue global market opportunities," L3 CEO Michael Strianese said. "This realignment is also expected to accelerate our organic growth and efficiency initiatives, and maximize our innovation, while increasing the value that we can provide to our customers and shareholders."

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