Wednesday, November 28, 2007

L3 outbids mighty Raytheon…

L3 Communications Holdings has been granted a $2.04 billion contract by Pentagon. L3 would provide tactical transport aircraft to service the US Army as well as the air force. L3 along with Italian partner Finmeccanica SpA’s subsidiary Alenia North America Inc., Boeing Co. and Global Military Aircraft Systems had outbid Raytheon. Massachusetts based Raytheon had partnered CASA, a subsidiary of European Aeronautic Defence & Space Co. NV, (EADS). L3 would build 78 C-27J Spartan cargo planes, which would replace C-23 Sherpa, C-36, a few C-12s and other established transport aircraft s like Boeing’s CH-47 Chinook.

For Complete IIPM Article, Click here

Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

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