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	<title>Stock Blog Hub &#187; L-3 Communications Holdings In</title>
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		<title>(LLL) L-3 Communications Holdings Sells Drones to Special Operations Command</title>
		<link>http://www.stockbloghub.com/2009/09/14/lll-l-3-communications-holdings-sells-drones-to-special-operations-command/15135</link>
		<comments>http://www.stockbloghub.com/2009/09/14/lll-l-3-communications-holdings-sells-drones-to-special-operations-command/15135#comments</comments>
		<pubDate>Mon, 14 Sep 2009 21:16:17 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
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		<category><![CDATA[L-3 Communications Holdings In]]></category>
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		<description><![CDATA[L-3 Communications Holdings Inc. (LLL) bagged a contract from the U.S. Special Operations Command for remotely piloted aircraft or drone support. The indefinite delivery, indefinite quantity contract with one base year and four option years is potentially worth up to $250 million. Work on the contract will be carried out in L-3&#8242;s Geneva Aerospace unit in Carrollton, Texas. The contract will boost the Specialized Products segment of L-3 Communications. Of late, the order backlog of the segment witnessed a steep decline. Funded backlog declined to $2.4 billion after the end of the first half of fiscal 2009 as compared to $3.1 billion in the year-ago period. Overall, L-3 Communications’ funded orders for the fiscal second quarter fell 20% to $3.3 billion, compared to $4.2 billion in the year-ago quarter. Funded ]]></description>
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