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Tag Archives: L-3

L-3 to Produce Submarine Passive Sonar Receivers Under Potential $238M Navy Contract

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L-3 Communications (NYSE: LLL) has been awarded a potential $238.2 million contract by the U.S. Navy to develop and manufacture passive sonar receiver technology for installation on submarines. The Defense Department said Wednesday the company will provide a first article TB-29X towed array receiver unit, production towed array assemblies and receiver units, test sets, shipping reels, …

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September 21 Market Close: GovCon Index Returns Above 80 After Fed Holds on Rate Hike & Signals December Move

GovConIndexUP

Executive Mosaic’s GovCon Index added 1 percent Wednesday to record its best session in two months and close above 80 points for the first time since Sept. 12 with 29 out of 30 stocks in positive after the Federal Reserve left benchmark interest rates unchanged and signaled a potential move in …

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L-3 Gets $166M Option on T-45 Maintenance Support Contract With Navy

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The U.S. Navy has exercised a $166.3 million contract option for L-3 Communications  (NYSE: LLL) to perform maintenance and logistics work on approximately 200 T-45 Goshawk training jets. L-3’s Vertex Aerospace subsidiary will continue to provide sustaining engineering, supply and government property management and related parts and materials procurement services to support an estimated 320 aircraft launches a day at …

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September 15 Market Close: GovCon Index Surges to Extend Volatility, Primes Lead Gains

GovConIndexUP

The GovCon Index rallied Thursday to extend its current stretch of volatility into a fifth straight session as large primes and S&P 500-listed contractors led advancers in conjunction with gains in the larger U.S. stock market on economic data traders view as a factor against a September interest rate hike. The GovCon Index …

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NORAD, USNORTHCOM Leads Field Test on Multiple Inmarsat, L-3 Satellite Systems

GPS satellite

TYSONS CORNER, VA, July 13, 2016 — The North American Aerospace Defense Command and U.S. Northern Command led field tests in Alaska on multiple satellite systems from Inmarsat and L-3 Communication‘s (NYSE: LLL) global communications solutions business unit, ExecutiveBiz reported Tuesday. Inmarsat said Monday its GX satellite communication network and L-3 …

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L-3 Subsidiary to Provide Logistics Support for Air Force’s Trainer Aircraft

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TYSONS CORNER, VA, Sept. 13, 2016 — An L-3 Communications (NYSE: LLL) subsidiary will provide logistics services for the U.S. Air Force‘s T-1A Jayhawk trainer aircraft under a $49.2 million contract modification, ExecutiveBiz reported Monday. The Defense Department said Friday the award to Vertex Aerospace exercises an option on an existing contract for on-equipment …

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L-3 to Equip Middle East Country’s Black Hawk Fleet with Electro-Optical IR Turrets

Black Hawk

TYSONS CORNER, VA, Sept. 1, 2016 — L-3 Communications (NYSE: LLL) will manufacture electro-optical and infrared designating turrets for integration onto a Middle Eastern customer’s UH-60 Black Hawk helicopters built by Sikorsky Aircraft through the foreign military sales program, ExecutiveBiz reported Wednesday. The customer will use L-3’s Wescam MX-10D turret systems to execute counterterrorism missions from the …

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L-3 Subsidiary to Provide Jet Training for Navy Air Missions

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TYSONS CORNER, VA, Aug. 26, 2016 — A subsidiary of L-3 Communications (NYSE: LLL) will provide jet training support for the U.S. Navy‘s maritime air patrol, air interdiction, air intercept and anti-submarine missions under a $21.9 million contract modification, ExecutiveBiz reported Thursday. The Defense Department said Wednesday the modification exercises the first …

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August 25 Market Close: GovCon Index Down on McKesson Plunge Despite L-3 Upgrade & Bullish JPMorgan Defense Stock Forecast

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Executive Mosaic’s GovCon Index stumbled to negative late afternoon Thursday on a plunge in McKesson Corp. (NYSE: MCK) with other health stock declines despite an upgrade to L-3 Communications (NYSE: LLL) by JPMorgan and gains by other defense primes and government services providers. GovCon Index gainers outnumbered laggers by roughly 2-to-1 ratio and eight …

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August 23 Market Close: GovCon Index Held Down By Large Primes Against US Stock Gains

GovConIndexDOWN

Executive Mosaic’s GovCon Index traded lower against across-the-board gains by U.S. stocks Tuesday as declines by large prime defense contractors weighed on the GCI. GovCon Index gainers edged laggers but only four of the GCI’s 11 S&P 500-listed stocks closed green as Lockheed Martin (NYSE: LMT) and Northrop Grumman (NYSE: NOC) ended as the …

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