On The Insider: Robert Downey Jr Injured on the Set

L-3 Communications Holdings Inc. Q1 2008 Earnings Call Transcript

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2008-04-24 14:27:08.0

Tags: L-3 Communications Holdings Inc.

Question-and-Answer Session

Operator

(Operator Instructions). The first question is from Cai von Rumohr with Cowen and Company.

Cai von Rumohr - Cowen and Company

Maybe a number of other companies have indicated more billing days or working days in the quarter, was that a factor at all for you guys?

Ralph D'Ambrosio

Cai, it was a factor in that, we actually had one less day in Q1 of this year versus last year. It probably has impact on sales, about $50 million and we think it definitely impacted the timing of our cash collections and receivable. So, we are not going to make up that one day until we get the Q4 of this year.

Cai von Rumohr - Cowen and Company

So, basically the other quarters more or less are the same except for Q4.

Ralph D'Ambrosio

Q2 and Q3 will be the same amount of days and will have an extra two days in Q4 because this year is a leap year.

Cai von Rumohr - Cowen and Company

Got it, okay. Okay great. Thanks a lot.

Operator

Your next question is from the line of Joseph Campbell with Lehman Brothers.

Joseph Campbell - Lehman Brothers

Good morning.

Michael Strianese

Hi, Joe.

Joseph Campbell - Lehman Brothers

Hi. Hey Mike, we heard the comments and we knew you had gone over to Torino to check out the Alenia airplane product. Could you tell us what’s happening kind of on the other end of this with regard to what goes in the airplane and the systems; just tell us about what’s happening on Joint Cargo Aircraft other than the airplane side?

Michael Strianese

On our side?

Joseph Campbell - Lehman Brothers

Yeah.

Michael Strianese

Yeah, well just sure I went over with the team by the way, which included a couple of people from here from Integrated Systems as well as people from Alenia North America. We just started from the beginning and -- that is a existing airplane that does have some unique requirements that have to be built in advance must receiving the plane over here in Greenville such as wiring and shielding and things like that.

When the planes are received on our end, there is equipment. Some of it is quite supplied, but the things I could tell you that would be the obvious thing, Self-protection Equipment, Avionics Equipment, and so Communications Gear would be put on as well as preparing for certification and any other special customer requirements depending on the end-user right now, the army, but there are other end-users in this program that will have different requirements, Joe.

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