L-3 Communications (NYSE: LLL) announced today that its Security and Detection Systems division has been awarded an indefinite-delivery/indefinite-quantity (ID/IQ) contract by the Transportation Security Administration (TSA) to supply medium-speed explosives detection systems. This five-year acquisition program has a revenue potential of $549.6 million for L-3. As one of two suppliers selected as an ID/IQ award winner, L-3 is now qualified to receive orders for this equipment.
Under this contract, L-3 will supply TSA with eXaminer® 3DX and eXaminer® 3DX-ES systems for use in checked bag screening at the nation’s airports. More than 640 of these systems are currently in use by TSA.
Source: L-3 Communications Holdings Inc. (NYSE: LLL)
Date: Sep 26, 2012