L-3 Unit Nets $73M Missile Target Vehicle Contract

Law360, New York (February 3, 2014, 6:51 PM EST) -- L-3 Communications Corp.'s Coleman Aerospace has been awarded a $73 million contract, with the potential for an additional $400 million, from the U.S. Department of Defense's Missile Defense Agency to provide missile target vehicles for testing missile defense systems, the company announced Monday.

Though L-3 will be initially awarded $73 million, the contract includes options valued at more than $400 million over the next five years. Orlando, Fla.-based L-3 will develop and manufacture the medium-range ballistic missile targets, which are an essential part of the MDA's...
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