L3 Communications Holdings Inc. (NYSE:LLL) filed Quarterly Report for the period ended 2012-06-29.
L-3 Communications Holdings, Inc. has a market cap of $6.81 billion; its shares were traded at around $68.58 with a P/E ratio of 7.8 and P/S ratio of 0.5. The dividend yield of L-3 Communications Holdings, Inc. stocks is 2.9%. L-3 Communications Holdings, Inc. had an annual average earning growth of 15.8% over the past 10 years. GuruFocus rated L-3 Communications Holdings, Inc. the business predictability rank of 3.5-star.
Highlight of Business Operations:We maintain disclosure controls and procedures that are designed to ensure that information required to be disclosed in our reports under the Securities Exchange Act of 1934 related to L-3 Holdings and L-3 Communications is recorded, processed, summarized and reported within the time periods specified in the SEC rules and forms, and that such information is accumulated and communicated to our management, including our Chairman, President and Chief Executive Officer, and our Senior Vice President and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosures. Any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives. Our management, with the participation of our Chairman, President and Chief Executive Officer, and our Senior Vice President and Chief Financial Officer, has evaluated the effectiveness of the design and operation of our disclosure controls and procedures as of June 29, 2012. Based upon that evaluation, our Chairman, President and Chief Executive Officer, and our Senior Vice President and Chief Financial Officer concluded that, as of June 29, 2012, the design and operation of our disclosure controls and procedures were effective to accomplish their objectives at the reasonable assurance level.
There were no changes in our internal control over financial reporting that occurred during the quarter ended June 29, 2012 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
The information required with respect to this item can be found in Note 16 to our unaudited condensed consolidated financial statements contained in this quarterly report and is incorporated by reference into this Item 1.
The following table provides information about share repurchases made by L-3 Holdings of its common stock during the 2012 Second Quarter. Repurchases are made from time to time at managements discretion in accordance with applicable federal securities law. All share repurchases of L-3 Holdings common stock have been recorded as treasury shares.
The share repurchases described in the table above were made pursuant to the $1.5 billion share repurchase program authorized by L-3 Holdings Board of Directors on April 26, 2011, which has a stated termination date of April 30, 2013.
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