L3 Technologies Protests the Fort Rucker Aviation Maintenance Services Award

L3 Technologies (LLL) said late Monday that it has filed a protest with the United States Government Accountability Office (GAO) related to the Fort Rucker Aviation Maintenance and Support contract.

The company said that it believes its proposal represents the best value to both the military and the U.S. taxpayers. L3 has served as the incumbent contractor at Fort Rucker since 2003, where it supported this critical military training mission.

Notwithstanding the company’s protest, as a result of the Fort Rucker recompetition loss, the company expects to record an impairment charge during the quarter ending Sept. 29, for a substantial portion of the Vertex Aerospace business goodwill asset of $187 million. The company is currently assessing the impact of the recompetition loss on the fair value of Vertex, which will ultimately determine the goodwill impairment charge.

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