L3T: Vertex sale by mid-2018

L3 Technologies expects to sell its Vertex Aerospace unit in the middle of 2018, the firm’s CFO Ralph D'Ambrosio during a Nov. 29 speech at a Credit Suisse conference. The company has begun the sales process, he confirmed. Last month, L3 executives confirmed the contractor had concluded a strategic review of Vertex Aerospace, which specializes in aerospace sustainment and support, and opted to sell. VA "is a very solid company in their space, so, I think it will be a very desirable asset for any of its near-peers," he added. L3T wants to focus its attention and resources on its stronger business entities. (Source: Inside Defense 11/29/17) Gulf Coast Note: L-3 Communications Vertex Aerospace LLC of Madison, Miss., was awarded a $27,689,184 firm-fixed-price modification for logistics support of the T-1A aircraft. Services include contractor-operated maintained supply, over and above, on-equipment maintenance, data and field service representatives. Work was to be performed, among other locations, at Columbus Air Force Base, Miss.; and Pensacola Naval Air Station, Fla. It is expected to be completed by Jan. 31, 2018. L3 has also held aircraft logistics contracts with NAS Whiting Field, Fla.