Army Materiel Command is monitoring a fixed-wing aircraft support contract with L-3 Communications after the company disclosed accounting misconduct within its aerospace systems division to shareholders, an AMC spokeswoman said this week. The multimillion-dollar contract for C-12, R-12 and UC-35 aircraft maintenance and logistics support is at the center of the company's internal probe into the misreporting of earnings results, which company officials disclosed during a July 31 earnings call. The revelation led to share price fluctuations, and the Army...
