Synopsis
L3 Technologies Inc. (NYSE:LLL) operates in three business units: Intelligence, Surveillance & Reconnaissance, or “ISR” (a combination of aerospace and sensor systems), Electronic Systems and Communication Systems. The company used to operate four business units, with Aerospace and Sensor Systems being separate business units. The share price is up modestly year to date with a return of 9.22%, and it has underperformed the defense/aerospace ETF (BATS:ITA) by 2.34%. Based on my valuation, I think there is a return opportunity of nearly 15% over the next twelve months.
L3 Technologies is undergoing business unit consolidation in an effort to create cost synergies and better target specific market opportunities. It is undergoing…
Read the full article at: https://seekingalpha.com/article/4202216-l3-business-restructuring-provides-opportunity