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Tag Archives: L-3 Communications

L-3 Awarded $95M Contract to Help Train Saudi Arabian AF

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An L-3 Communications (NYSE: LLL) business unit will provide air operations center training for the Saudi Arabian air force under a $95 million foreign military sale contract with the U.S. Air Force. The Defense Department said Wednesday L-3 National Security Solutions will perform work for the indefinite-delivery/indefinite-quantity contract in Saudi Arabia through ...

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State Dept Clears $2B in Foreign Arms Sales With South Korea, Lebanon

PatriotMissile

The State Department has approved two separate foreign military sale agreements worth approximately $2.37 billion combined for South Korea to purchase the Aegis Combat System and Lebanon to buy A-29 Super Tucano aircraft. The Defense Security Cooperation Agency said Tuesday the principal contractors on the $1.91 billion Aegis sale to South Korea are Lockheed Martin (NYSE: LMT), ...

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Mark Von Schwarz Named President of L-3 Aerospace Systems; John McNellis Comments

Mark Von Schwarz

Mark Von Schwarz, formerly president of the ISR and aircraft systems sector and mission integration division at L-3 Communications’ (NYSE: LLL) aerospace systems segment, has been named president of the segment. L-3 said Wednesday that Von Schwarz, who also assumes a senior vice president role at the company, will succeed John ...

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Michael Strianese: L-3 Wraps Up Marine Systems Business Sale

Michael Strianese

Wartsila Corp. has completed its acquisition of L-3 Communications‘ (NYSE: LLL) Marine Systems International business for approximately $324 million. Michael Strianese, L-3 chairman, president and CEO, said Friday the company aims to reshape its portfolio and focus on core business areas. “We continue to evaluate additional portfolio-shaping opportunities that strengthen ...

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L-3 Lands Potential $157M Navy Submarine Photonics Mast Contract; Matthew Richi Comments

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A business unit of L-3 Communications (NYSE: LLL) will develop a new photonics mast for the U.S. Navy‘s Virginia-class submarines under a potential $157 million contract from the Naval Sea Systems Command. The company said Tuesday its L-3 KEO electro-optics business will provide engineering and design services for the Block 4 Low Profile Photonics Mast program. The contract ...

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L-3 Vertex Awarded $56M Navy Training Logistics Contract Modification

Contract

A subsidiary of L-3 Communications (NYSE: LLL) has received a $56.2 million contract modification from the U.S. Navy for logistics and depot-level services on 119 TH-57 trainer aircraft. The Defense Department said Tuesday L-3 Communications Vertex Aerospace will provide the services in support of the undergraduate helicopter pilot training program of the Naval Air Training Command. ...

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State Dept Clears US’ $130M Lockheed F-16 Upgrade Deal with Singapore

F16Fleet

Lockheed Martin (NYSE: LMT) will modernize Singapore’s F-16 Block 52 aircraft fleet after the State Department approved a potential $130 million foreign military sales agreement. The proposed FMS deal covers overhaul work on 60 F-16C/D/D+ planes and associated technology such joint helmet-mounted cueing systems, friend or foe devices, global positioning and inertial ...

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L-3 Division to Support Air Force E-3 Flight Simulation Program

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An L-3 Communications (NYSE: LLL) division has received a $9.3 million contract to provide the U.S. Air Force with a system for training pilots to operate the E-3 airborne warning and control system aircraft. The sole-source contract also includes program management, flight training simulation and logistics support services, the Defense ...

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Jerry Powlen: Raytheon to Build P-8A Open Architecture for Navy

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A Raytheon-led (NYSE: RTN) consortium has been awarded a $15.5 million contract to help the U.S. Navy design and develop an application-based architecture for the military service’s P-8A maritime surveillance aircraft. The company said Tuesday it will build the ABA to help the branch implement third-party Poseidon mission software apps and ...

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December 30 Market Close: GovCon Index Records Slight Decline

GovConIndexDOWN

The GovCon Index was down for the second consecutive day. The index closed Tuesday at 71.520, down 0.150 point, or 0.210 percent. The stock markets closed down with the Nasdaq composite index at 4,777.44, down 0.61 percent, the Standard & Poor’s 500 at 2,080.35 down 0.49 percent, and the Dow ...

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