Michael T. Strianese is president, chief executive officer and a director of L-3 Communications Holdings, Inc., a $14 billion aerospace and defense company that employs more than 64,000 people worldwide. With its corporate headquarters in New York City, L-3 is a global leader in C3ISR (command, control, communications, intelligence, surveillance and reconnaissance) systems, aircraft modernization and maintenance, government services and specialized products that serve the military, homeland security, aviation and other commercial markets. L-3 customers include the U.S. Department of Defense, other U.S. government agencies, allied foreign governments and commercial customers.
Since the company’s inception in 1997, annual sales have grown from $700 million to more than $14 billion. L-3 is a Fortune 200 company and is the sixth largest aerospace and defense company in the United States. The company’s success has been fueled by a focused strategy on growth including acquisitions, its investment in its people, enduring relationships with customers, disciplined financial stewardship, and a thoughtful approach to technology development.
Mr. Strianese played a key role in the company’s formation in 1997 and served as L-3’s first vice president of finance and controller. Following L-3’s Initial Public Offering in 1998, he was promoted to senior vice president of finance in 2001. Mr. Strianese was appointed chief financial officer in 2005 and in 2006 was named president and chief executive officer and was elected as a director. Until 2007, he also served as the company’s first corporate ethics officer, where he led the development and implementation of a comprehensive, company-wide integrity program for L-3 employees.
Prior to L-3, he was vice president and controller of Lockheed Martin Corporation’s Command, Control, Communications and Intelligence (C3I) and Systems Integration Sector. In addition, he served as acting chief financial officer of Lockheed Martin’s Electronics Sector. Mr. Strianese also spent six years with New York-based Loral Corporation where he held a number of positions in mergers and acquisitions and financial management.
Mr. Strianese participates in several important professional organizations. He serves on the Aerospace Industries Association’s Board of Governors and is a member of its finance committee. He is participating in the Preventive Defense Project, including a 2008 workshop, “Defense Management Challenges.” The study is a research collaboration of Stanford University and Harvard’s Kennedy School of Government aimed at preventing potential national and international security threats.
Under Mr. Strianese’s leadership, L-3 has focused its philanthropic efforts on organizations which support military families and educational development in the United States. In 2007, L-3 made a $1 million commitment to the Fisher House Foundation, a group dedicated to providing housing to veterans and military families receiving treatment at military medical centers. L-3 also supports the Naval Academy Foundation which advances the education of cadets.
Born and raised in Brooklyn, New York, Mr. Strianese is a graduate of St. John’s University (Queens campus) with a degree in accounting and is a Certified Public Accountant.
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