L-3 Communications Awarded $35 Million Contract for the Upgrade of the Royal Australian Navy's Hydrographic Survey Motor Launches
NEW YORK--(BUSINESS WIRE)--April 30, 2007--L-3 Communications (NYSE: LLL) announced today that its L-3 Nautronix Limited division (L-3 Nautronix), has been awarded a contract by the Australian Government's Defence Materiel Organisation for the full upgrade of the Hydrographic Survey Suite in the Royal Australian Navy's PALUMA Class Survey Motor Launches (SML). Representing new business to L-3, the value of the contract is $35.3 million ($A 43 million).
Acquired by L-3 in June 2006, L-3 Nautronix, based in Fremantle, Western Australia, is a leading Australian supplier of acoustic, electronic navigation and integrated systems solutions. For this program, L-3 is responsible for the provision, integration and installation of a state-of-the-art suite of hydrographic sensors that will ensure the accuracy and timeliness of charting the Australian coastline. The program will comprise fixed, multi-sensor systems for each of the four SML, three tactical sub-systems for deployment in vessels of opportunity and six portable systems for use in smaller vessels in very shallow water. Coupled with an integrated data management and processing suite, this system will be capable of producing near real-time hydrographic information for rapid dissemination to global hydrographic organizations.
"We are very proud to have been selected to undertake this important program for the Royal Australian Navy. It will substantially enhance the Navy's hydrographic capability and will add depth to our own acoustic and integration capabilities," said Mike Gallagher, Managing Director of L-3 Nautronix.
John Fox, President of L-3 Ocean Systems added, "This is a very important success for the Ocean Systems Group and particularly for the growth of our Australian undersea business that will also strengthen our reach into the region."
To learn more about L-3 Nautronix, please visit the company's web site at www.L-3Com.com/nautronix.
Headquartered in New York City, L-3 Communications employs over 63,000 people worldwide and is a prime system 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 2006 sales of $12.5 billion.
To learn more about L-3 Communications, 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" 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.
CONTACT: L-3 Communications
Cynthia Swain, 212-697-1111
Vice President, Corporate Communications
or
L-3 Nautronix Limited
Scott Elson, 61 (0)8 9431-0000
Director - Business Development
or
FD
Investors: Eric Boyriven, Alexandra Tramont
Media: Evan Goetz
212-850-5600
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