GO
Loading...

L-3, Boeing Team Awarded $2B Cargo Plane Deal

A transatlantic team led by L-3 Communications has won a $2 billion contract to build a new cargo aircraft fleet, the U.S. Defense Department said on Wednesday.

The winning team includes Boeing and Alenia North America, a unit of Italy's Finmeccanica. It beat Raytheon and its partner, Europe's EADS, for the contract.

The Army and the Air Force have been approved for an initial purchase of 78 aircraft -- 54 for the Army and 24 for the Air Force through 2013, said Lt. Col. Carl Ey, an Army spokesman.

Contact U.S. News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    To learn more about how we use your information,
    please read our Privacy Policy.
    › Learn More

Don't Miss

U.S. Video

  • This video is 90 seconds of cyber attacks happening around the globe, courtesy of Norse Norse is a technology company that bills itself as the "global leader in live attack intelligence." The company offers continuously "updated and unique Internet and darknet intel that helps organizations detect and block attacks that other systems miss."

  • Is this breakout story on your radar? Mad Money host Jim Cramer is about to put it there.

  • Paul Hickey, Bespoke Investment co-founder, discusses the huge divergence between the S&P 500 and the energy sector.