Author: Ramona Adams|| Date Published: September 22, 2016
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 Departmentsaid 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, technical manual and curriculum and provisioned items to the service branch.
Work will occur through May 2018 in Maryland, New York and Virginia.
The Naval Sea Systems Command received two offers for the contract and will obligate $23.8 million at the time of award from the Navy’s fiscal 2016 “other” procurement, research, development, testing and evaluation funds.
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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.
