Back to top

Analyst Blog

Warrior Systems, a unit of L-3 Communications Holdings, Inc. (LLL - Analyst Report), has received a firm-fixed-price, indefinite-delivery/indefinite-quantity ("ID/IQ") contract worth $50 million from the U.S. Navy’s Naval Surface Warfare Center for its Binocular Night Vision Devices (“BNVD”).

L-3 Communications’ BNVD is a miniature dual-tube night vision goggle that features outstanding depth perception and supportability. Its mechanical format makes it the world’s smallest, lightest, best-performing amid most cost-effective product available. It is light in weight and can be worn comfortably for a long period.

Per the contract, the equipment will provide special operations to U.S. Special Operations Command with enhanced surveillance and detection capability even where vision is limited or restricted due to low light conditions.

Meanwhile, in January this year, L-3 Communications qualified to compete for task orders under the Contracted Advisory and Assistance Services ("CAAS IV") program. It received a contract from the U.S. Air Force under the program that consists of multiple ID/IQ contract awards and has funding ceiling of $4.7 billion for over a span of eight years.

Based in New York City, L-3 is a prime contractor in C3ISR systems, aircraft modernization and maintenance, and government services. L-3 is also a leading provider of a broad range of electronic systems used on military and commercial platforms. L-3 Communications stands out among pure defense players by virtue of its non-platform focus on shorter-cycle contracts.

However, the company is witnessing lower sales while higher competition has resulted in margin headwinds through re-competition of existing businesses. The company presently retains a short-term Zacks #3 Rank (Hold). We have a long-term Underperform recommendation on the stock.

Currently, the company mainly competes with Lockheed Martin Corporation (LMT - Analyst Report) and Raytheon Company (RTN - Analyst Report).

Please login to or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research


Are you a new Zacks Member or a visitor to

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
TRIQUINT SE… TQNT 20.67 +6.52%
RF MICRO DE… RFMD 12.47 +6.04%
VASCO DATA… VDSI 14.77 +4.68%
STRATTEC SE… STRT 80.24 +3.00%
PATTERSON-U… PTEN 34.54 +2.98%