L-3 Communications (NYSE:LLL) landed a pair of Department of Defense contracts worth a combined $24 million in an end-of-week DoD contract announcement Friday. Specifically, the contracts awarded include:
- A $13.4 million firm-fixed-price modification to a previously awarded contract for the production of 16 universal modular masts, or UMMs. The UMM is a non-hull-penetrating mast carried by Virginia-class nuclear fast-attack submarines. It serves as a lifting mechanism for five different sensors, including the Photonics Mast Program, high data-rate mast, multi-functional mast, multi-functional modular mast, and integrated electronic support measures mast. Each sensor is mounted on a UMM. L-3's work on this contract should be completed by December 2015.
- a $10.6 million firm-fixed-price, indefinite-delivery requirements contract awarded to L-3's Vertex Aerospace LLC subsidiary for the provision of maintenance and logistics services on T-39N and T-39G aircraft. Both twin-jet aircraft are used by the Navy and Marine Corps for pilot training, with the T-39N Sabreliner used for radar navigation training, and the T-39G variant used for non-radar training. This contract runs through September 2014.
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.
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