Some of the largest defense contractors today reported sales boosts in their most recent quarters. L3 Technologies announced sales in its most recent quarter reached nearly $2.6 billion, up 8 percent from the same three-month period a year earlier. The contractor said its quarterly profit hit $375 million, up 86 percent from the prior year. L3 noted that it recognized a gain from the sale of its Vertex Aerospace businesses during the second quarter. The contractor's sensor systems business saw...
