L-3 Communications downgraded to Underperform at RBC Capital RBC Capital downgraded L-3 Communications to Underperform from Sector Perform. The firm downgraded shares citing the challenging Department of Defense budget and the potential for further cuts longer-term. Price target lowered to $74 from $78.
News For LLL From The Last 14 Days
Check below for free stories on LLL the last two weeks.
L-3 Communications awarded $38.5M contract for SATCOM terminals L-3 Communications announced that it has been awarded a $38.5M contract from the Commonwealth of Australia to supply 51 Hawkeye III Lite 1.2-meter Very Small Aperture Terminals, as well as training and long-term sustainment services. Specifically, the contract will deliver one type of a family of transportable land terminals that will optimize the early use of Australia’s SATCOM system and provide communication services where commercial satellite resources are limited. The capability is scheduled for delivery in 2014.