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var fbShare = {url: 'http://ceoworld.biz/ceo/2009/10/21/reasons-that-will-influence-joint-strike-fighter-future-procurement-decisions-cause-lower-f-35/',size:'large'}Lower (world wide) quantities mean further cost growth
Delay of F-35 system development, delay of low rate production and full rate production with several years, the uncertainties about a (fixed) price, a “level line price” or a “consortium buy price”, the uncertain delivery schedule and the political situation have [...]
L-3 Communications Holdings Inc. (LLL) yesterday announced that its subsidiary L-3 Communications Corporation will issue $1 billion in senior notes with coupon rate of 5.2%. The notes are due in October 2019.
L-3 Communications will use the proceeds from the note issue along with available cash to reduce its debt burden. The company plans to redeem [...]
L-3 Communications Holdings Inc. (LLL) bagged a contract from the U.S. Special Operations Command for remotely piloted aircraft or drone support. The indefinite delivery, indefinite quantity contract with one base year and four option years is potentially worth up to $250 million. Work on the contract will be carried out in L-3’s Geneva Aerospace [...]
L-3 Communications Holdings Inc. (LLL) yesterday won a contract from the U.S. Army to provide power generators for the Bradley Fighting Vehicle. The bid, whose financial terms were undisclosed, was awarded to the company’s Combat Propulsion Systems and Magnet Motors units. The company has already started work on the contract and expects to deliver the [...]
L-3 Communications Holdings Inc. (LLL) yesterday bagged a $680 million contract from the US Air Force to serve as prime contractor on the T-1A Contractor Logistics Support (CLS) program. This will boost the dwindling order backlog of the company, which fell 20% year-over-year in the second quarter of fiscal 2009 to $3.3 billion.
The 60-day [...]
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