The U.S. Army has selected L3 Technologies (NYSE: LLL) and Optics 1 to compete for orders to manufacture Small Tactical Optical Rifle Mounted Micro-Laser Range Finder systems under a potential seven-year, $236 million contract.
Two bids were submitted to the Army Contracting Command for the firm-fixed-price contract that runs through June 20, 2025, the Defense Department said Thursday.
ACC will determine funds and work locations upon issuance of individual orders.
