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L3 Protests Loss Of Army Aviation Services And Support Contract

Dan Parsons By
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L3 Technologies [LLL] will protest its loss of a major aviation support contract and its ouster as the primary provider of training and support services to the Army Aviation Center of Excellence at Fort Rucker, Ala.The company also warned investors that the loss will lead to a substantial hit to earnings when it reports third quarter financial results in October.L3 filed a protest with the Government Accountability Office (GAO) on Sept. 25. The GAO now has 100 days to weigh…

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