The Change Mariner

Growth of L-3 and Military Transformation

Wired Magazine

From Wired Magazine "The Wired 40"

Terror-proof networks. Surgical-strike weaponry. Cockpit black boxes. Weapons detectors. Satellite surveillance. A boom in spookware is making L-3 the defense contractor of the 21st century. Created in 1997, when ex-Loral president Frank Lanza convinced Lockheed Martin to spin off 10 communications units, L-3 has bought more than 20 companies and grown from a $547 million upstart into a defense giant with $4 billion in sales. The $1.1 billion purchase of Raytheon's Aircraft Integration Systems in 2002 led to a $1.5 billion contract in 2003 to provide logistics support to the Special Operations Command. The more dangerous the world becomes, the more L-3's opportunity grows.

Promise: After decades of nondefense innovation, military priorities will reclaim the leading edge

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