L-3 Communications MPRI Awarded Global Peace Operations Initiative Contract
NEW YORK--(BUSINESS WIRE)--May 17, 2007--L-3 Communications (NYSE: LLL) announced today that its MPRI subsidiary, a global provider of vehicle and maritime simulation training, products and services, has been selected by the U.S. Department of State (DOS) as one of three awardees for the DOS Global Peace Operations Initiative (GPOI) contract. This is an Indefinite Delivery/Indefinite Quantity (ID/IQ) contract with a period of performance of one year and four option years, with a current contract value ceiling of $200 million. Under the GPOI ID/IQ contract, the DOS will compete task orders among the three awardee contractors to provide peacekeeping support training services worldwide.
"We are very pleased to have been awarded this contract," said General (Retired) Carl E. Vuono, President and Chief Operating Officer of the L-3 Services Group. "The GPOI is a vital component of worldwide conflict prevention. It provides us the opportunity to work closely with the international community."
MPRI, an L-3 Communications company, is a leader in maritime and driver simulation technology products, services and training capabilities. MPRI's dedicated facility in the U.K. specializes in Liquid Cargo Handling Simulators products and services. More information about MPRI is available at www.mpri.com.
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, 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 MPRI Rick Kiernan, 703-838-5490 Vice President or FD Investors: Eric Boyriven, Alexandra Tramont Media: Evan Goetz 212-850-5600
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