L-3 Communications Will be a Subcontractor to GLS for Linguist Services
NEW YORK, Mar 14, 2008 (BUSINESS WIRE) -- L-3 Communications (NYSE: LLL) announced today that it has agreed to become a subcontractor to Global Linguist Solutions (GLS) for the supply of translation and interpretation services in Iraq. This contract is under the Translation and Interpretation Management Services (TIMS) contract with the U.S. Army Intelligence and Security Command (INSCOM).
The annual sales from the subcontract are expected to be approximately $150 million depending on INSCOM's requirements. L-3 also withdrew its protest filed with the U.S. Government Accountability Office of INSCOM's selection of GLS for the TIMS contract.
Separately, L-3's current contract to provide linguists in support of the U.S. military's operations in Iraq was extended by INSCOM from March 9 to June 9, during which time linguist services will be transitioned to GLS. L-3 will update its financial guidance for the year ending Dec. 31, 2008 in its earnings release for the first quarter of 2008.
Headquartered in New York City, L-3 Communications employs over 64,000 people worldwide and is a prime contractor in aircraft modernization and maintenance, C3ISR (Command, Control, Communications, Intelligence, Surveillance and Reconnaissance) systems and government services. L-3 is also a leading provider of high technology products, subsystems and systems. The company reported 2007 sales of $14 billion.
To learn more about L-3, please visit the company's web site at www.L-3Com.com.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
Except for historical information contained herein, the matters set forth in this news release are forward-looking statements. Statements that are predictive in nature, that depend upon or refer to events or conditions or that include words such as "expects," "anticipates," "intends," "plans," "believes," "estimates," "will," "could" and similar expressions are forward-looking statements. The forward-looking statements set forth above involve a number of risks and uncertainties that could cause actual results to differ materially from any such statement, including the risks and uncertainties discussed in the company's Safe Harbor Compliance Statement for Forward-looking Statements included in the company's recent filings, including Forms 10-K and 10-Q, with the Securities and Exchange Commission. The forward-looking statements speak only as of the date made, and the company undertakes no obligation to update these forward-looking statements.
SOURCE: L-3 Communications
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