L-3 Communications Vertex Aerospace recently received a contract from the U.S. Navy for logistics services for the C-12 utility lift aircraft. The contract is valued at $302.2 million and will run through Jul 2021.
L-3 will be responsible for post-production services, full aircraft maintenance, logistics support and the supply of materials for Marine Corps Reserve C-12 and US Navy TC-12B trainer aircraft.
The C-12 Huron, the military version of the King Air
L-3 Communications was selected due to being one of the prime system contractors for aircraft modernization and maintenance; Intelligence, Surveillance & Reconnaissance (“ISR”) collection platforms; simulation and training; and government systems support services.
The company has been focusing its business portfolio on defense electronics, communications and ISR markets; looking to boost sales and margins for the future.
In its recent posting of first-quarter 2016 results the companies earnings and revenues beat Street expectations by 32.5% and 0.6%, respectively. Much of the improvement was due to stronger-than-expected margins in its aerospace division.