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...this for a product lineup: sensors for cutting-edge military drone aircraft, minivan-size airport baggage scanners, lifelike human dummies that breathe and bleed? If it sounds like a grab bag, that just goes to show how rapidly the defense business is changing. And the best model for a post-9/11, homeland-security-era defense firm may be L-3 Communications, which makes each of these unique high-tech devices...
...acquisition binge, buying smaller companies in electronic-communications niches. A recent purchase was Wescam, a Canadian maker of stable cameras used by the movie industry to film action scenes--cameras well suited for aerial duty. And L-3 is one of the few suppliers of those hulking new airport luggage scanners mandated by Congress to screen checked bags. L-3's version uses technology originally developed to process military surveillance and reconnaissance photos. The company produces other scanning devices, designed to reveal concealed weapons (including any secreted inside human-body cavities), that are based on technology it supplied to help...
Since 9/11, annual revenues from L-3's airport-security business have soared from $20 million to $400 million. The ride hasn't been all smooth. Early on, federal inspectors complained that some of the machines gave too many false alarms (even mistaking certain dense materials for the much feared C-4 explosive). Improvements have since increased the machines' error-free operating intervals from an average of 200 hours to 700 hours, Lanza says...
Benjamin Netanyahu bounced into the dirt lot outside another polling station in his armored Chevrolet Suburban. Israel's former Prime Minister climbed confidently out into a crowd of voters gathered in this blue-collar town hard by Tel Aviv's airport. A few began singing a Hasidic song: "Messiah, Messiah." In a stronghold of the Likud Party that Netanyahu used to head, that seemed no exaggeration. It is the hard-line nationalism of the Likud and its likely right-wing coalition partners that these people want, and Foreign Minister Netanyahu is the man they think best suited to sell...
IVORY COAST Exodus France told its citizens to leave the Ivory Coast as stone-throwing mobs blocked the airport and stopped at least 500 French from fleeing. The call came after a deal to end the four-month-old civil war appeared to collapse. After days of rioting, protests against the French-brokered plan turned peaceful, with tens of thousands marching in the commercial capital, Abidjan. Supporters of President Laurent Gbagbo accuse France of forcing him to sign a power-sharing agreement with rebels who control the former French colony's largely Muslim north. The army condemned the deal...