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L3 Gets Potential $230M Army Mortar Fuze Supply Contract

L3 Technologies (NYSE: LLL) has landed a potential $230 million contract to provide point detonating/delay and multi-option fuzes for U.S. Army mortars. The Army will use company-made M783 and M734A1 fuzes to perform close range and indirect fire support combat operations, L3 said Thursday. Todd Gautier, president of L3’s electronic systems business segment, said the …

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State Dept Clears Australia’s $1.3B Modified Gulfstream Aircraft Purchase Request

The State Department has approved Australia’s request to buy up to five units of modified Gulfstream G550 aircraft from the U.S. under a potential $1.3 billion foreign military sales agreement. Australia seeks to procure Gulfstream G550 planes that have been modified to integrate airborne intelligence, surveillance, reconnaissance and electronic warfare mission systems as well …

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L3 Secures $91M Air Force Video Data Link Sustainment, Training IDIQ

L3 Technologies (NYSE: LLL) has received a potential five-year, $90.7 million contract from the U.S. Air Force to provide hardware and sustainment and training services for video data link devices. The indefinite-delivery/indefinite-quantity contract includes foreign military sales to Australia and a provision for other eligible countries to join the procurement effort, the Defense Department said Thursday. …

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L3 Division Gets $83M Option in Navy TH-57 Fleet Services Contract

An L3 Technologies (NYSE: LLL) division has secured a one-year, $83.1 million contract modification for depot-level logistics and organizational services to the U.S. Navy‘s fleet of TH-57 Sea Ranger helicopters. The Defense Department said Tuesday the modification exercises an option for L3’s Vertex Aerospace business to the service branch maintain and perform support work …

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L3 Business Unit Wins $202M Contract to Support Marine Corps, Navy C-12s

An L3 Technologies (NYSE: LLL) business unit has won a potential $202.2 million contract to provide depot-level maintenance, logistics and sustaining engineering services for C-12 utility lift aircraft of the U.S. Navy and Marine Corps. The Defense Department said Wednesday L3’s Vertex Aerospace business will perform site support, aircraft and engine depot …

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Michael Strianese: L3 Eyes Tactical UUV Market With OceanServer Buy

L3 Technologies (NYSE: LLL) has bought autonomous unmanned undersea vehicle manufacturer OceanServer Technology for an undisclosed sum, a move that Chairman and CEO Michael Strianese said marks L3’s expansion push into the UUV market. Fall River, Massachusetts-based OceanServer builds lightweight UUVs for military, commercial and international clients, L3 said Tuesday. The business was …

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March 1 Market Close: GovCon Index, US Stocks Climb to New Records on Trump Speech & Rate Hike Chatter

Executive Mosaic’s GovCon Index closed at an all-time high Wednesday for the second time in three sessions as U.S. stocks also extended their record-setting rally in their best one-day performance of 2017 so far with the S&P 500 composite index above 2,400 for the first time during intraday trade after President Donald …

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February 27 Market Close: GovCon Index Hits Record Close on Trump Military Budget Proposal

Executive Mosaic’s GovCon Index closed at an all-time record high Monday with large aerospace-and-defense primes the main contributors to gains after President Donald Trump unveiled his proposal to raise military spending 9 percent for the next federal fiscal year. U.S. stocks also posted small gains as the benchmark S&P 500 composite …

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February 23 Market Close: GovCon Index Lower on Services & Industrial Declines

Executive Mosaic’s GovCon Index posted its biggest one-day decline in a month Thursday with services and industrial components the largest drags in a session that saw U.S. equities struggle for clear direction as investors looked for more clarity on President Donald Trump’s economic agenda. GovCon Index decliners outnumbered advancers by a 5-to-1 ratio …

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Aerojet Rocketdyne Agrees to Buy L3’s Coleman Aerospace Subsidiary; Eileen Drake Comments

Aerojet Rocketdyne Holdings (NYSE: AJRD) has agreed to acquire L3 Technologies‘ (NYSE: LLL) Coleman Aerospace business for $15 million cash in a push to expand the former’s systems engineering and mission analysis expertise. Coleman Aerospace will be renamed “Aerojet Rocketdyne Coleman Aerospace Inc.” upon closure of the deal and is forecast to generate nearly $40 million in …

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