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L3 Technologies, originally L-3 Communications, was founded in February 1997 by Frank Lanza and Robert LaPenta, with Lehman Brothers as a partner.
Answer: True
Explanation: L3 Technologies, initially established as L-3 Communications, was founded in February 1997 by Frank Lanza and Robert LaPenta, with Lehman Brothers serving as a financial partner.
L3 Technologies was formed to acquire business units from Lockheed Martin that were previously part of Loral Corporation.
Answer: True
Explanation: The formation of L3 Technologies in 1997 was strategically driven by the acquisition of specific business units that had originated from Loral Corporation and were subsequently part of Lockheed Martin.
Lehman Brothers was a competitor of L-3 Communications during its founding years.
Answer: False
Explanation: Lehman Brothers was a financial partner in the establishment of L-3 Communications, collaborating with founders Frank Lanza and Robert LaPenta, rather than a competitor.
What was the original name of L3 Technologies when it was founded in February 1997?
Answer: L-3 Communications
Explanation: L3 Technologies was founded in February 1997 under the original name L-3 Communications.
Which two individuals are credited as the founders of L-3 Communications?
Answer: Frank Lanza and Robert LaPenta
Explanation: The company L-3 Communications was founded by Frank Lanza and Robert LaPenta.
The formation of L3 Technologies in 1997 was linked to the acquisition of business units previously owned by which corporation?
Answer: Loral Corporation
Explanation: L3 Technologies was formed in 1997 to acquire specific business units from Lockheed Martin that had previously been part of Loral Corporation.
The acquisition of Paramax Systems Corporation in 1997 marked L3's entry into the avionics market.
Answer: False
Explanation: The acquisition of Paramax Systems Corporation in 1997 did not mark L3's entry into the avionics market; rather, it was a component acquired from Lockheed Martin, which itself had acquired Paramax from Loral Corporation.
L3 Technologies acquired Raytheon's Training & Simulation Division in 2000, which originated from the work of Edwin Link, the inventor of the Link Trainer.
Answer: True
Explanation: In 2000, L3 acquired Raytheon Systems Co.'s Training & Simulation Division, a business unit with historical ties to Edwin Link's pioneering work on the Link Trainer, a foundational aviation simulator.
In 2002, L3 Technologies acquired Wescam, a company known for its advanced radar systems.
Answer: False
Explanation: Wescam, acquired by L3 Technologies in 2002, was known for its gyro-stabilized, electro-optical/infrared (EO-IR) imaging systems, not primarily advanced radar systems.
L3 Technologies expanded its aerospace offerings in 2003 by acquiring BF Goodrich Avionics.
Answer: True
Explanation: The acquisition of BF Goodrich Avionics in 2003 significantly enhanced L3 Technologies' portfolio within the aerospace sector.
The company acquired TRL Technology in 2006, a UK-based firm specializing in maritime surveillance.
Answer: False
Explanation: TRL Technology, acquired in 2006, was a UK-based firm specializing in electronic warfare and communications, not maritime surveillance.
Insight Technology, acquired in 2010, focused on developing advanced software solutions for the defense industry.
Answer: False
Explanation: Insight Technology, acquired in 2010, specialized in optics and night-vision devices, rather than advanced software solutions.
L3 Technologies acquired CTC Aviation Group in 2015, a flight academy based in Florida.
Answer: False
Explanation: CTC Aviation Group, acquired in 2015, was a commercial pilot training school based in Southampton, UK, not Florida.
In 2017, L3 Technologies acquired Open Water Power, a startup focused on developing advanced battery technology for unmanned underwater vehicles.
Answer: True
Explanation: The acquisition of Open Water Power in 2017 brought in a startup specializing in aluminum-water battery technology, intended to enhance the endurance of unmanned underwater vehicles.
L3 Technologies acquired PerkinElmer's Detection Systems business in 2002, which specialized in medical imaging.
Answer: False
Explanation: While L3 Technologies acquired PerkinElmer's Detection Systems business in 2002, this unit specialized in various detection technologies, not exclusively medical imaging.
The 2012 acquisition of Thales Training & Simulation (TTSL) involved purchasing the entirety of Thales' simulation business.
Answer: False
Explanation: The 2012 acquisition of Thales Training & Simulation (TTSL) by L3 Technologies was a partial acquisition, specifically targeting TTSL's civil fixed-wing simulation business, not its entire simulation portfolio.
Which company did L3 Technologies acquire in 2000 that traced its origins to Edwin Link, the inventor of the Link Trainer?
Answer: Raytheon's Training & Simulation Division
Explanation: In 2000, L3 Technologies acquired Raytheon's Training & Simulation Division, a business unit whose origins trace back to Edwin Link, the inventor of the Link Trainer.
What type of imaging systems was Wescam, acquired by L3 in 2002, known for?
Answer: Gyro-stabilized, EO-IR imaging systems
Explanation: Wescam, acquired by L3 Technologies in 2002, was recognized for its development of gyro-stabilized, electro-optical/infrared (EO-IR) imaging systems.
In 2005, L3 Technologies acquired a business unit previously owned by General Dynamics Land Systems that specialized in what?
Answer: Combat propulsion systems
Explanation: In 2005, L3 Technologies acquired L-3 Communication Combat Propulsion Systems, a business unit that had previously been owned by General Dynamics Land Systems.
Which UK-based company did L3 Technologies acquire in 2006, known for its expertise in electronic warfare and communications?
Answer: TRL Technology
Explanation: In 2006, L3 Technologies acquired TRL Technology, a UK-based firm specializing in defense electronics, with expertise in interception, surveillance, electronic warfare, and communications.
Insight Technology, acquired by L3 in 2010, specialized in which product category?
Answer: Optics and night-vision devices
Explanation: Insight Technology, acquired by L3 in 2010, specialized in optics, including night-vision goggles and weapon-mounted sights.
What specific business segment of Thales Group did L3 Technologies acquire in August 2012?
Answer: Civil fixed-wing simulation
Explanation: In August 2012, L3 Technologies acquired the civil fixed-wing simulation business of Thales Training & Simulation (TTSL), a subsidiary of Thales Group.
Which commercial pilot training school, located in Southampton, UK, was acquired by L3 Technologies in 2015?
Answer: CTC Aviation Group
Explanation: In 2015, L3 Technologies acquired CTC Aviation Group, a commercial pilot training school based in Southampton, UK.
What type of technology was developed by Open Water Power, the battery startup acquired by L3 in 2017?
Answer: Aluminum-water battery technology
Explanation: Open Water Power, acquired by L3 Technologies in 2017, was a battery startup that developed aluminum-water battery technology designed to enhance the endurance of unmanned underwater vehicles.
Which of the following acquisitions expanded L3 Technologies' offerings in the aerospace sector in 2003?
Answer: BF Goodrich Avionics
Explanation: The acquisition of BF Goodrich Avionics in 2003 significantly enhanced L3 Technologies' portfolio within the aerospace sector.
The four main business segments of L3 Technologies in 2017 were Aerospace Systems, Communication Systems, Sensor Systems, and Integrated Systems.
Answer: False
Explanation: In 2017, L3 Technologies' four primary business segments were Electronic Systems, Aerospace Systems, Communication Systems, and Sensor Systems. Integrated Systems was not one of the four main segments.
Frank Lanza, the co-founder and initial CEO of L3 Technologies, passed away in 2006.
Answer: True
Explanation: Frank Lanza, who co-founded L3 Technologies and served as its initial Chief Executive Officer, passed away on June 7, 2006.
Michael T. Strianese succeeded Frank Lanza as CEO in 2006 and remained CEO until 2018.
Answer: True
Explanation: Following Frank Lanza's passing in 2006, Michael T. Strianese assumed the role of CEO and continued in that capacity until 2018.
L3 Technologies officially changed its name from L-3 Communications Holdings, Inc. to L3 Technologies, Inc. on December 31, 2016.
Answer: True
Explanation: The corporate name change from L-3 Communications Holdings, Inc. to L3 Technologies, Inc. was officially enacted on December 31, 2016.
The name change to L3 Technologies, Inc. was intended to signal the company's exclusive focus on communication systems.
Answer: False
Explanation: The name change to L3 Technologies, Inc. was intended to reflect the company's broader focus and expanded business scope, not an exclusive concentration on communication systems.
Which of the following was NOT one of the four main business segments of L3 Technologies in 2017?
Answer: Integrated Systems
Explanation: In 2017, L3 Technologies' four primary business segments were Electronic Systems, Aerospace Systems, Communication Systems, and Sensor Systems. Integrated Systems was not among them.
Who succeeded Frank Lanza as the chairman, president, and CEO of L3 Technologies in 2006?
Answer: Michael T. Strianese
Explanation: Following Frank Lanza's passing in 2006, Michael T. Strianese was appointed chairman, president, and CEO of L3 Technologies.
What was the stated reason for L3 Technologies changing its name from L-3 Communications Holdings, Inc. in December 2016?
Answer: To better represent its broader focus and expanded business scope
Explanation: The company changed its name to L3 Technologies, Inc. to better reflect its broader focus and expanded business scope since its establishment in 1997.
AVCATT is a product of L3 Technologies designed as a stationary ground-based training simulator.
Answer: False
Explanation: AVCATT (Advanced Collective Combat Aircraft Virtual Training) is a mobile aviation training simulator developed by L3 Technologies, designed for realistic flight training scenarios, not a stationary ground-based system.
EOTech, a division of L3 Technologies, is primarily known for manufacturing advanced targeting pods for aircraft.
Answer: False
Explanation: EOTech, a division of L3 Technologies, is primarily recognized for its production of holographic weapon sights, not advanced targeting pods for aircraft.
The OMNI encryption device enhances standard analog telephones by providing secure voice and data transmission.
Answer: True
Explanation: The OMNI encryption device manufactured by L3 Technologies is designed to augment standard analog telephones or modem-connected computers by enabling secure voice and data transmission.
The C3ISR acronym represents Command and Control, Communications, Intelligence, Surveillance, and Reconnaissance systems, key products of L3 Technologies.
Answer: True
Explanation: C3ISR is an acronym that stands for Command and Control, Communications, Intelligence, Surveillance, and Reconnaissance, representing critical systems and product categories supplied by L3 Technologies.
EOTech, a division of L3 Technologies, is primarily recognized for producing which type of product?
Answer: Holographic weapon sights
Explanation: EOTech, a brand operating under L3 Technologies, is primarily known for the production of holographic weapon sights.
The OMNI encryption device manufactured by L3 Technologies was designed to provide what capability?
Answer: Secure voice and data transmission for analog telephones/computers
Explanation: The OMNI encryption device manufactured by L3 Technologies is designed to augment standard analog telephones or modem-connected computers by enabling secure voice and data transmission.
L3 Technologies reported a total revenue of approximately $9.573 billion in 2017.
Answer: True
Explanation: In the fiscal year 2017, L3 Technologies announced a total revenue of US$9.573 billion.
In 2017, L3 Technologies' net income was reported as $1.020 billion.
Answer: False
Explanation: L3 Technologies reported a net income of US$986 million in 2017, while its operating income was US$1.020 billion.
As of 2017, L3 Technologies employed roughly 50,000 people globally.
Answer: False
Explanation: As of 2017, L3 Technologies had an approximate global workforce of 38,000 employees, not 50,000.
In 2019, L3 Technologies merged with Raytheon Corporation to form a new entity.
Answer: False
Explanation: In 2019, L3 Technologies merged with Harris Corporation, not Raytheon Corporation, to form L3Harris Technologies.
The merger between L3 Technologies and Harris Corporation was finalized on June 29, 2019.
Answer: True
Explanation: The strategic merger of L3 Technologies and Harris Corporation was officially completed on June 29, 2019, creating the entity L3Harris Technologies.
What significant corporate event occurred for L3 Technologies in 2019?
Answer: It merged with Harris Corporation
Explanation: The most significant corporate event for L3 Technologies in 2019 was its merger with Harris Corporation, which was finalized on June 29, 2019, resulting in the formation of L3Harris Technologies.
L3's Special Support Programs Division was suspended from federal contract work in 2010 due to allegations of using company funds for political lobbying.
Answer: False
Explanation: The suspension of L3's Special Support Programs Division in 2010 was reportedly due to the alleged use of a sensitive government computer network for competitive intelligence gathering, not political lobbying.
The suspension of L3 Technologies from federal contract work was permanently lifted in July 2010.
Answer: False
Explanation: The temporary suspension of L3 Technologies from federal contract work was lifted on July 27, 2010, following the conclusion of a U.S. federal criminal investigation, but the term 'permanently lifted' is not specified.
In November 2010, L3 Technologies issued a part purge notification to address the use of counterfeit electronic components sourced from Europe.
Answer: False
Explanation: The part purge notification issued by L3 Technologies in November 2010 was related to counterfeit parts originating from China, not Europe.
The lawsuit against EOTech alleged that its holographic sights failed under extreme temperatures and humid conditions, contrary to advertised capabilities.
Answer: True
Explanation: The litigation against EOTech, a subsidiary of L3 Technologies, centered on allegations that its holographic sights did not meet advertised performance standards, specifically failing under conditions of extreme temperature variation and high humidity.
L3 Technologies paid $25.6 million to settle the lawsuit concerning defects in EOTech's holographic sights.
Answer: True
Explanation: L3 Technologies agreed to a financial settlement of $25.6 million with the U.S. Government to resolve the lawsuit concerning alleged defects in EOTech's holographic sights.
What issue led to L3's Special Support Programs Division being suspended from federal contract work in 2010?
Answer: Use of a government computer network for competitive intelligence
Explanation: The suspension of L3's Special Support Programs Division in 2010 was reportedly due to the alleged use of a sensitive government computer network for competitive intelligence gathering.
How much did L3 Technologies pay to settle the lawsuit concerning defective EOTech holographic sights?
Answer: $25.6 million
Explanation: L3 Technologies agreed to a financial settlement of $25.6 million with the U.S. Government to resolve the lawsuit concerning alleged defects in EOTech's holographic sights.
What issue prompted L3 Technologies to issue a part purge notification in November 2010?
Answer: Discovery of counterfeit parts originating from China
Explanation: The part purge notification issued by L3 Technologies in November 2010 was prompted by the discovery of counterfeit parts originating from China, which had led to higher-than-expected failure rates in display systems.
L3 Technologies primarily served the automotive and telecommunications industries.
Answer: False
Explanation: The company primarily served the aerospace and defense industries. While it had some telecommunications customers, these were not its primary focus.
The 'Authority control' section at the end of the article provides information about L3 Technologies' stock performance.
Answer: False
Explanation: The 'Authority control' section provides standardized identifiers from databases like ISNI, VIAF, and Library of Congress to ensure consistent information management, not stock performance data.
L3 Technologies primarily supplied systems and products for which two major industries?
Answer: Aerospace and Defense
Explanation: L3 Technologies primarily served the aerospace and defense industries, providing specialized systems and products for these sectors.
Which of the following was NOT listed as a primary customer of L3 Technologies?
Answer: Federal Bureau of Investigation (FBI)
Explanation: Primary customers listed for L3 Technologies included the Department of Defense, NASA, and the United States Intelligence Community, but the Federal Bureau of Investigation (FBI) was not explicitly mentioned as a primary customer in the provided data.
In which city and state was L3 Technologies headquartered?
Answer: New York City, New York
Explanation: L3 Technologies maintained its headquarters in Murray Hill, Manhattan, New York City.
What is the relationship between L3 Technologies and Level 3 Communications?
Answer: They are unrelated companies despite similar abbreviations.
Explanation: Despite the similar abbreviation 'L3,' L3 Technologies and the networking provider Level 3 Communications are entirely unrelated corporate entities with no shared business or ownership structure.