L-3 Communication Holdings Inc. (NYSE:LLL) reported its results for the fourth quarter. Net income for the aerospace/defense products and services company fell to $246 million ($2.72 per share) vs. $268 million ($2.37 per share) a year earlier. This is a decline of 8.2% from the year earlier quarter. Revenue fell 5.6% to $4.01 billion from the year earlier quarter. LLL reported adjusted net income of $2.44 per share. By that measure, the company beat the mean estimate of $2.41 per share. It fell short of the average revenue estimate of $4.18 billion.

“Overall, we had a solid fourth quarter, underscored by strong cash flow and EPS. Sales performance reflected our areas of competitive strength as well as a challenging defense budget environment which is creating headwinds in the AM&M, Government Services and Electronic Systems segments. C3ISR sales grew by 8%, and sales were also solid in contractor logistics support services within AM&M due to recent competitive wins. Also, volume increased for EO/IR products within Electronic Systems. We ended the quarter with funded backlog of $10.7 billion,” said Michael T. Strianese, chairman, president and chief executive officer.

Competitors to Watch: Northrop Grumman Corp. (NYSE:NOC), FLIR Systems, Inc. (NASDAQ:FLIR), Cubic Corporation (NYSE:CUB), The Boeing Company (NYSE:BA), Rockwell Collins, Inc. (NYSE:COL), ITT Corporation (NYSE:ITT), Herley Industries, Inc. (NASDAQ:HRLY), Innovative Solutions & Support Inc (NASDAQ:ISSC) and Irvine Sensors Corporation (IRSN).

C.H. Robinson Worldwide Inc. (NASDAQ:CHRW) reported its results for the fourth quarter. Net income for C.H. Robinson Worldwide Inc. rose to $109.2 million (67 cents per share) vs. $103.2 million (62 cents per share) in the same quarter a year earlier. This marks a rise of 5.9% from the year earlier quarter. Revenue rose 10.4% to $2.57 billion from the year earlier quarter. CHRW fell short of the mean analyst estimate of 68 cents per share. It fell short of the average revenue estimate of $2.63 billion.

Competitors to Watch: UTi Worldwide Inc. (NASDAQ:UTIW), Expeditors Intl. of Washington (NASDAQ:EXPD), Pacer International, Inc. (NASDAQ:PACR), Hub Group, Inc. (NASDAQ:HUBG), Roadrunner Transportation Services Hold. (NYSE:RRTS), Echo Global Logistics, Inc. (NASDAQ:ECHO), Vitran Corp., Inc. (NASDAQ:VTNC), Pacific CMA, Inc. (PACC), United Parcel Service, Inc. (NYSE:UPS), and J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT).

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