Thursday, L-3 Communications Holdings Inc. (LLL) appointed Bantz Craddock as president of its MPRI division. MPRI is a global services firm with more than 6,000 personnel working in nearly 60 countries. General Craddock succeeds retired Carl Vuono as MPRI's president. General Vuono will now focus exclusively on his positions as L-3 senior vice president and president and chief operating officer of the L-3 Services Group, the parent organization of MPRI.
General Craddock joins L-3 following a 38-year career with the Army. Prior to his retirement from the Army in June 2009, he most recently served as the Supreme Allied Commander Europe or SACEUR and Commander in Chief of the U.S. European Command. As SACEUR, General Craddock commanded the military forces of NATO's 28 nations and led history's most successful alliance into new frontiers of relevance and purpose.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.