L-3 Comms Wins $76 Million in Defense Contracts for Plane, Helo Maintenance

On the final day of its fiscal year, the Department of Defense announced 95 separate defense contracts on Monday, worth $5.526 billion in total. L-3 Communications won two of them:

  • $65 million: to pay for exercising an option to supply materials and perform "organizational, intermediate, and depot level maintenance" on 36 Navy T-45A and 168 Navy T-45C training aircraft based at Naval Air Station (NAS) Meridian, Miss.; NAS Kingsville, Texas; NAS Pensacola, Fla.; and Patuxent River, Md., through March 2014.
  • And $11.1 million: to pay for the exercise of an option to perform helicopter maintenance for the Air Force at Kirtland Air Force Base (AFB), N.M., through Sept. 30, 2014. 

The article L-3 Comms Wins $76 Million in Defense Contracts for Plane, Helo Maintenance 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 may not 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.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story