L-3 Communications Awarded $57 Million Army Airplane Contract
On Friday, the Department of Defense announced that it has awarded L-3 Communications a $57.1 million firm-fixed-price contract to provide life-cycle contractor support maintenance for the Army's fleet of C-12 and RC-12 Huron transports and UC-35 Citation passenger jets.
The contract is said to have an estimated completion date of next Jan. 31. However, L-3 announced receipt of an almost identical-sounding contract in 2010, at which time L-3 clarified that the contract was slated to run five years with all options exercised.
At that time, L-3 noted that its duties included maintaining, repairing, modifying, servicing, and providing logistical support and management for the Army's worldwide fleet of approximately 190 aircraft.
The article L-3 Communications Awarded $57 Million Army Airplane Contract originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of L-3 Communications Holdings. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.