L-3 Communications [LLL] on Monday said it has reinstated the name of its Mississippi-based aircraft sustainment and support business to Vertex Aerospace, which the company acquired in 2003 for $650 million to significantly expand its work supporting the Defense Department and other federal agencies in modernizing and upgrading aviation assets and other systems.
L-3 said using the Vertex name again reinforces the business’s focus on “quality and customer service.”
“The L-3 Vertex Aerospace name stands for our legacy of delivering sophisticated and customer-focused services and support that provide consistent, measureable value,” Mark Von Schwarz, president of L-3 Aerospace System, said in a statement. “Vertex Aerospace goes well beyond providing logistical support, specializing in targeted technical services that require comprehensive expertise and an unwavering commitment to helping our military and government customers successfully complete their missions.”
Before the name reinstatement, Vertex Aerospace was called Logistics Solutions, which include aircraft and base maintenance programs, contract field teams, and Army Fleet Support and Flight International. Vertex Aerospace is part of L-3’s Aerospace Systems segment.
Last year, L-3 paid $4.6 million to settle allegations that two of its business units, Vertex Aerospace and Integrated Systems, overcharged for labor related to a military support contract. The Justice Department said at the time there was no determination of liability through the settlement.
L-3 Vertex Aerospace has 7,300 employees at 136 locations.
L-3 acquired Vertex Aerospace from the private equity firm Veritas Capital.