Daily News

L3 to divest Vertex Aerospace business

Marjorie Censer   | October 26, 2017
L3 Technologies confirmed today the company will seek to sell its Vertex Aerospace business, which recorded an impairment charge this quarter after a major contract loss. During a call with analysts Thursday morning, Chris Kubasik, L3's chief operating officer who is set to become the company's next chief executive in January, said L3 recently concluded a strategic review of Vertex, which specializes in aerospace sustainment and support. "We have decided to initiate a sales process," he said, adding that L3...

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