said its Vertex Aerospace unit received a subcontract to provide services for an Air Force and Navy joint flight-training program.
The subcontract was awarded by
aircraft division and has a total projected value of $1 billion through 2015.
"This affirms the great relationship between L-3 Vertex, Raytheon Aircraft and the U.S. Air Force and Navy," said Dan Grafton, president of L-3 Vertex. "We are extremely proud to provide comprehensive supply support, a vital link in the T-6A primary training solution for U.S. Armed Services aviation."
L-3's Vertex unit has been the contractor for the flight-training program since 1996. Shares of L-3 were gaining 45 cents to $76.36.