L-3 Communications Announces Contract for Advanced Imaging Equipment to Korea's Air Force, Marine Corps, Valued at ~$30M
L-3 Communications (NYSE: LLL) announced today that its Warrior Systems-ALST business has been awarded a contract to deliver state-of-the-art Ground Laser Target Designators (GLTD) to the Republic of Korea (ROK). L-3's new Scarab system is a modular laser designator equipped with rangefinding and an IR thermal imager, providing accurate target designation during the day, night and in nearly all battlefield conditions. The initial contract value is approximately $30 million with product delivery beginning in mid-2014.
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