ISR Sales Help Propel L-3 Communications Earnings

By John Liang / July 16, 2002 at 5:00 AM
Sales of intelligence, surveillance and reconnaissance products helped propel New York-based L-3 Communications' quarterly earnings, the company said today. L-3 reported sales of $955 million during the second quarter of 2002, up 70 percent from the same quarter last year, according to a company statement. Operating income rose more than 37 percent compared to the second quarter of 2001, and earnings before interest, taxes, depreciation and amortization were up 41 percent at nearly $117 million compared to last year's $83...

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