Market Overview

L3 Completes Acquisition of Azimuth Security and Linchpin Labs

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L3 Technologies (NYSE:LLL) announced today that it has completed its
acquisition of Azimuth Security and Linchpin Labs, two market-leading
information security businesses, on August 31, 2018. The acquired
companies will operate under L3's ISR Systems business segment as L3
Trenchant. The closing of the acquisition significantly strengthens L3's
existing C6ISR (Command, Control, Communications, Computers,
Cyber-Defense and Combat Systems, and Intelligence, Surveillance and
Reconnaissance) capabilities.

L3 Technologies is an agile innovator and leading provider of global
ISR, communications and electronic systems for military, homeland
security and commercial aviation customers. With headquarters in New
York City and approximately 31,000 employees worldwide, L3 develops
advanced defense technologies and commercial solutions in pilot
training, aviation security, night vision and EO/IR, weapons, maritime
systems and space. The company reported 2017 sales of $9.6 billion.

To learn more about L3, please visit the company's website at www.L3T.com.
L3 uses its website as a channel of distribution of material company
information. Financial and other material information regarding L3 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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