L3, Optics 1 Land Spots on $236M Army Laser Range Finder Supply Contract

The U.S. Army has selected L3 Technologies (NYSE: LLL) and Optics 1 to compete for orders to manufacture Small Tactical Optical Rifle Mounted Micro-Laser Range Finder systems under a potential seven-year, $236 million contract.

Two bids were submitted to the Army Contracting Command for the firm-fixed-price contract that runs through June 20, 2025, the Defense Department said Thursday.

ACC will determine funds and work locations upon issuance of individual orders.

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