L3 Technologies (NYSE:LLL) announced today that it has been awarded a $32 million contract modification from the U.S. Army to supply the M783 Point Detonating/Delay (PD/DLY) Mortar Fuze. The contract was awarded under a Foreign Military Sales (FMS) program, and the purchased equipment will be used by an international customer.

 “The M783 is an advanced mortar fuze that provides a new level of safety and demonstrated field reliability in excess of 99 percent to the warfighter,” said Rich Hunter, President of L3 Fuzing & Ordnance Systems (L3 FOS). “We have produced more than 1.5 million of these fuzes, and this contract affirms L3’s ongoing commitment to deliver cost-effective, innovative solutions to the U.S. Army and its international allies.”

The M783 is the U.S. Army’s next-generation, NATO-standard electronic PD/DLY fuze for mortars and is used to support close-range, indirect fire support to infantry units in combat operations. Work on this program will be done by L3 FOS, which is part of the Precision Engagement & Training sector within the Electronic Systems business segment. All work is expected to be completed by February 2018.

Source:businesswire.com