February 5, 2018
ATEL Leasing Corporation (“ATEL”) is pleased to announce the completion of an aircraft lease transaction to L3 Technologies, Inc. (L3), formerly known as L-3 Communications Corporation.
This lease represents a new relationship for ATEL with L3, and as ATEL Leasing Corporation’s EVP Ken Fosina states, ”L3 is one of the more interesting companies in our long list of Fortune 1000 customers. This specific transaction is for an aircraft asset that is an ideal complement to the broad range of assets in our diversified portfolio.”
Headquartered in New York City, L3 Technologies employs approximately 31,000 people worldwide and is a leading provider of a broad range of communication, electronic and sensor systems used on military, homeland security and commercial platforms. L3 is also a prime contractor in aerospace systems, security and detection systems, and pilot training. The company reported 2017 sales of $9.6 billion.