L-3 Elects Vincent Pagano, Jr. to Its Board of Directors
NEW YORK--(BUSINESS WIRE)-- L-3 Communications (NYS: LLL) announced today that Vincent Pagano, Jr. has been elected to its board of directors. Following this election, the company's board will comprise 11 members, 10 of whom are independent directors.
Mr. Pagano is an attorney specializing in corporate law. His legal career spanned 32 years at Simpson, Thacher & Bartlett, LLP, where he served as a partner since 1986 before retiring in September 2012. He headed the firm's capital markets practice, including its public company advisory practice, from 1999 to 2012. During this time, Mr. Pagano represented investment banks and leading public companies, including L-3, on mergers and acquisitions, financings, corporate governance and disclosure matters.
"Vince's broad legal expertise in finance, governance and corporate strategy issues, combined with his knowledge of L-3's business and the defense industry, make him an outstanding addition to our board. I am pleased to welcome him as our newest director," said Michael T. Strianese, L-3's chairman, president and chief executive officer.
Mr. Pagano serves on the Engineering Council of Lehigh University and on the board of directors of Cheniere Energy Partners GP, LLC, the general partner of Cheniere Energy Partners, and Hovnanian Enterprises, Inc. He also serves on several community and charitable boards in New York. Prior to his legal career, Mr. Pagano was a practicing engineer.
Headquartered in New York City, L-3 employs approximately 51,000 people worldwide and is a prime contractor in C3ISR (Command, Control, Communications, Intelligence, Surveillance and Reconnaissance) systems, platform and logistics solutions, and national security solutions. L-3 is also a leading provider of a broad range of electronic systems used on military and commercial platforms. The company reported 2012 sales of $13.1 billion.
To learn more about L-3, please visit the company's website at www.L-3com.com. L-3 uses its website as a channel of distribution of material company information. Financial and other material information regarding L-3 is routinely posted on the company's website and is readily accessible.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
Except for historical information contained herein, the matters set forth in this news release are forward-looking statements. Statements that are predictive in nature, that depend upon or refer to events or conditions or that include words such as "expects," "anticipates," "intends," "plans," "believes," "estimates," "will," "could" and similar expressions are forward-looking statements. The forward-looking statements set forth above involve a number of risks and uncertainties that could cause actual results to differ materially from any such statement, including the risks and uncertainties discussed in the company's Safe Harbor Compliance Statement for Forward-Looking Statements included in the company's recent filings, including Forms 10-K and 10-Q, with the Securities and Exchange Commission. The forward-looking statements speak only as of the date made, and the company undertakes no obligation to update these forward-looking statements.
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