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L-3 Wins Iraqi F-16 Flight Simulator Contract

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On Monday, defense contractor L-3 Communications (NYSE: LLL  ) announced that its Link Simulation & Training division has won a contract from the U.S. Air Force Life Cycle Management Center to build two F-16 Block 52 Full Mission Trainers (FMTs). The flight simulators will be used to train pilots for the Iraqi Air Force.

In a statement announcing the sale, L-3 noted that Iraq's first-ever purchase of flight simulators from L-3 makes it its 11th international customer for the F-16 FMT. The company noted that it has sold a total of 140 such devices to U.S. and foreign militaries over nearly 40 years of building them.

Iraq does not currently possess any actual F-16s for its pilots to fly, of course. But in Sept. 2011, the country signed a contract to purchase 36 fighter jets from Lockheed Martin (NYSE: LMT  ) for a total of $8.4 billion.

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Related Tickers

9/30/2016 4:02 PM
LLL $150.73 Down -0.02 -0.01%
L-3 Communications… CAPS Rating: ****
LMT $239.72 Down -2.62 -1.08%
Lockheed Martin CAPS Rating: ****