Waco: U.S. Coast Guard ‘missionizes’ $93M turnaround for L-3 CommunicationsWaco: U.S. Coast Guard ‘missionizes’ $93M turnaround for L-3 Communicationshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=115492015-12-23T06:00:00Z2015-12-23T18:00:00Z

​​​​WACO - Hit hard by layoffs and cuts in defense spending in recent years, the L-3 Communications plant has received good news in the form of a $93 million contract to “missionize” at least two aircraft for the U.S. Coast Guard in a deal that could grow to include ten more planes.

Crews at the local L-3 facility, which is the largest private employer in Waco, will install what the Coast Guard calls next-generation equipment on two C-130J aircraft. Options include placing the same items on three more C-130J planes and modifying seven HC-130J aircraft.

The Waco facility is hiring to fill positions scattered across several job descriptions. Employment stands at about 1,500 people, which is between 300 and 400 employees fewer than worked at L-3 less than five years ago.

The massive facility at Texas State Technical College (TSTC) airport laid off 115 people in February 2015, more than 6 percent of its local workforce, due in part to the completion of several projects. That was in addition to layoffs totaling 200 in 2014, which the company blamed on the lingering effects of congressional budget sequestration.

To further cope with the effects of a limited federal defense budget, L-3 has announced it will sell its government services division, National Security Solutions, to a smaller defense contractor, CACI International, for $550 million.

Michael Strianese, L-3’s chairman and CEO, said the sale is part of what he called the company’s “business transformation.” He said L-3 plans to focus more attention and resources on markets “where we have leading positions.”

These target areas include defense electronics, communications and intelligence/surveillance/reconnaissance, which are functions carried out in Waco, as well as at a handful of other plants in the extensive L-3 system that includes dozens of facilities in the United States and overseas.
Waco Tribune-Herald
http://www.wacotrib.com/news/business/waco-s-l--plant-lands-million-coast-guard-contract/article_1911480f-4948-589e-94a1-57b114b0424a.htmlRead more at the {Source}

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