L-3 Wins Joint Cargo Aircraft Program
NEW YORK--(BUSINESS WIRE)--June 13, 2007--L-3 Communications (NYSE: LLL) announced today the award of a baseline contract estimated at $2.04 billion over the life of the program to supply a minimum of 78 C-27J Joint Cargo Aircraft (JCA) to the U.S. Army and U.S. Air Force. The winning C-27J team is led by L-3's Integrated Systems (L-3 IS) Group and includes Alenia North America (a Finmeccanica Company), Boeing Integrated Defense Systems (NYSE: BA) and Global Military Aircraft Systems (GMAS).
"We are extremely proud of the C-27J JCA Team," said Michael T. Strianese, President and Chief Executive Officer of L-3 Communications. "This award enhances our well-established expertise as an aircraft systems integrator of critical aircraft serving our military and allies. Our team's approach meets the needs of the warfighter."
"We are very pleased with the selection and acknowledgement that the C-27J aircraft represents the best value for the government. It is a proud day for L-3 and we look forward to a long term partnership with the Army and Air Force in support of this mission," said Bob Drewes, President and Chief Operating Officer of L-3 Integrated Systems Group.
The JCA program is a Joint Service program designed to fill a critical gap that exists today in intra-theater airlift support for U.S. troops on the ground. Experience in overseas combat operations has demonstrated that America needs an improved capability for medium airlift inside combat theaters and in support of the Global War on Terrorism. The C-27J is a multi-mission cargo aircraft that will fill the current capability gap in joint aerial delivery based on its ability to transport critical cargo and personnel, self-deploy over strategic distances, land in austere locations, operate autonomously, and provide routine and combat aerial sustainment to the joint force. The C-27J will replace the U.S. Army's C-23 Sherpas, C-26 and various C-12 aircraft, and will augment the U.S. Air Force's existing fleet of intra-theater airlifters. The aircraft will play a key role in providing responsive aerial sustainment, critical re-supply, MEDEVAC, troop transport, airdrop operations, humanitarian assistance and missions in support of Homeland Security.
"Today's announcement is the result of a real partnership between American and Italian aerospace companies," said Giuseppe Giordo, President and Chief Executive Officer of Alenia North America. "This decision also indicates that the U.S. Army and U.S. Air Force both recognize the unique capabilities of our C-27J aircraft, our team and our JCA offering as a whole."
The C-27J Spartan is the latest in a successful tradition of military airlifters, including the C-27A Spartan and the G-222, which have been deployed by the United States, NATO, Coalition Forces, the United Nations and Italy in support of military and humanitarian operations around the world. Similarly, C-27A Spartans are currently carrying out vital counter-drug activities for the United States in Central and South America.
About L-3 Communications
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, systems and subsystems. The company reported 2006 sales of $12.5 billion.
L-3 Communications Integrated Systems Group develops and integrates defense and commercial technology for U.S. and allied customers worldwide. Headquartered in Greenville, Texas, L-3 IS has more than five decades of experience in the development of complex intelligence, surveillance and reconnaissance systems; command and control; and secure communications. It is recognized internationally as a systems integration organization specializing in the modernization and maintenance of aircraft of all sizes. It is a leader in advanced technologies for signal processing, electronic countermeasures, sensor development and aircraft self-protection. Systems provided or maintained by
L-3 IS help protect military and civilian personnel, bases, assets and national borders throughout the world.
To learn more about L-3, please visit the company's web site at www.L-3Com.com.
About Alenia North America
Alenia North America's mission is to further expand the industrial and commercial presence of the Alenia Group in North America and it is a wholly owned subsidiary of Alenia Aeronautica, a Finmeccanica company. Alenia North America Inc. is headquartered in Washington, D.C. with offices in Long Beach, California; Smyrna, Georgia; Fort Worth, Texas; and Seattle Washington. Alenia North America - Canada, a subsidiary wholly owned by Alenia North America, has offices in Ottawa, Canada. Alenia North America is also a shareholder in Global Aeronautica, a joint venture with Vought Aircraft Company, located in North Charleston, South Carolina, which performs significant integration and sub assembly work for the Boeing 787 program.
For more information about Alenia North America, please visit www.aleniana.com.
About Boeing Integrated Defense Systems
A unit of The Boeing Company, Boeing Integrated Defense Systems is one of the world's largest space and defense businesses. Headquartered in St. Louis, Boeing Integrated Defense Systems is a $30.8 billion business. It provides network-centric system solutions to its global military, government and commercial customers. It is a leading provider of intelligence, surveillance and reconnaissance systems; the world's largest military aircraft manufacturer; the world's largest satellite manufacturer; a foremost developer of advanced concepts and technologies; a leading provider of space-based communications; the primary systems integrator for U.S. missile defense; NASA's largest contractor; and a global leader in sustainment solutions and launch services.
About Global Military Aircraft Systems
Global Military Aircraft Systems (GMAS) is a joint venture between L-3 Communications Integrated Systems (L-3 IS), a subsidiary of L-3 Communications, and Alenia Aeronautica (a Finmeccanica company), through its Alenia North America Inc. subsidiary. GMAS aims to provide the U.S. Army and U.S. Air Force with a solution for its Joint Cargo Aircraft (JCA) operational and support requirements, and to pursue the opportunities with the Department of Defense (DoD) and internationally, through the production and the outfit of the C-27J tactical transport aircraft.
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.
MULTIMEDIA AVAILABLE:
http://www.businesswire.com/cgi-bin/mmg.cgi?eid=5425884
CONTACT: L-3 Communications
Cynthia Swain, 212-697-1111
Vice President, Corporate Communications
or
L-3 Integrated Systems
Edie Cartwright, 903-457-4604
or
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Investors: Eric Boyriven, Alexandra Tramont
Media: Evan Goetz
212-850-5600
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