This stock is +22.8% on the year and is looking to make $8.00 for 2010.
It's not just about body scanners at Airports for TSA security... which has largely been all "talk" and no funding.
Make no mistake.
L-3 is a company that has over $15 BILLION in sales and who generates over $1.2 BILLION in Cash Flow!
It's all about C-cubed ISR.
Command
Control
Communications
Intelligence
Surveillance
Reconnaisance
Check out their first UAV effort, named the
Mobius...
http://www.genaero.com/pdf/Mobius_0509.pdf
Can fly for 24 hours with a 1,000 lb. payload, manned or unmanned, fully-automatic with no need for land-based control pilot. Carbon fiber airframe. Half the cost of competitors in the sector. Top speed: 234 mph.
No doubt that the latest terror attack will finally light a fire under the desk of the TSA and more screening machines will be funded. But L-3 has a lot more going on than just screening. It is a huge force in electronics defense... from SATCOM laptops in the battlefield to "black" boxes in commercial aviation, and complete optical/video/data-links to the Predator and Global Hawk UAV's.
Four divisions.
Very transparent with incredible management. Have listened to every conference call since their IPO in 1998.
Do your own due-diligence.
