L-3 Communications Holdings Inc.
) unit, L-3 Communications Vertex Aerospace LLC, received a
contract worth nearly $151.4 million to provide maintenance and
logistic services for 200 T-45 aircraft based at Naval Air Station
Meridian, MS; NAS Kingsville, TX; NAS Pensacola, FL and NAS
Patuxent River, MD. The Naval Air Systems Command, Patuxent River,
MD, is the contracting activity.
Per the contract, L-3 Communications will be entrusted with the
duty to provide engineering, supply, procurement of associated
parts and materials for approximately 200 T-45 aircraft based at
these naval bases. The majority of the work will be done at the
Texas and Mississippi bases.
The T-45 aircraft plays a significant role and is used for training
pilots. The training program helps pilots to prepare for strike
missions. Hence, keeping the T-45 aircraft in proper condition is
the primary objective of this contact. L-3 Communications is
expected to complete the work by Sep 2015.
Recap of Past Performance
L-3 Communications is a steady performer, registering earnings
surprises in the last four quarters with an average beat of 4.4%.
Despite the ongoing threat of U.S. defense budget cuts, L-3's
diverse product portfolio helps it to win defense deals at regular
We believe the company's ability to timely execute its programs,
cost cutting initiatives and contributions from strategic
acquisitions will sustain its financial performance.
L-3 Communications carries a Zacks Rank #3 (Hold). Investors
interested in the aerospace and defense industry may however
consider stocks like
Lockheed Martin Corporation
The Boeing Company
). All these stocks carry a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research?
Today, you can download 7 Best Stocks for the Next 30 Days.
Click to get this free report
BOEING CO (BA): Free Stock Analysis Report
GENL DYNAMICS (GD): Free Stock Analysis Report
L-3 COMM HLDGS (LLL): Free Stock Analysis
LOCKHEED MARTIN (LMT): Free Stock Analysis
To read this article on Zacks.com click here.