L-3 Communications

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won an Army contract for support work in Iraq.

The two-year deal comes with two options years and could be worth as much as $427 million if all options are exercised, the New York-based defense contractor said Wednesday.

"We are very proud to have been selected to support our warfighters in Iraq," said Joseph Saponaro, president of the company's Chantilly, Va., government services unit. "This award reflects the U.S. Intelligence Community's continued confidence in L-3 Communications' ability to solve its complex problems and challenges."

Early Wednesday, L-3 fell 59 cents to $74.47.