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L-3 wins military contract worth up to $1.5 billion

NEW YORK (Bloomberg) — L-3 Communications Holdings Inc., the maker of flight displays for the U-2 spy plane, has won a contract worth as much as $1.5 billion to maintain and repair equipment for forces under U.S. Special Operations Command.

The contract is for one year with options and incentives that may extend it up to a total of 10 years, New York-based L-3 said in a prepared statement. It is the largest contract the company has received since it was formed in 1997.

The agreement covers maintenance work on helicopters and other aircraft used by special forces, as well as gunsmithing and repair of electronics, communications and night-vision equipment, said Evan Goetz, a spokesman for L-3 with FD Morgen-Walke.