L-3 Receives $600 Million Contract to Provide Logistics Support to U.S. Special Operations Command
NEW YORK--(BUSINESS WIRE)--June 28, 2007--L-3 Communications (NYSE: LLL) announced today that its Integrated Systems (L-3 IS) Group has been awarded a $600 million increase to the ceiling of its previously awarded indefinite delivery/indefinite quantity (ID/IQ) contract. The amended contract, now valued at $2.1 billion, provides services and time-sensitive logistical products to the United States Special Operations Command (USSOCOM) and its major subordinate commands.
"All Americans are proud of the work being done by our Nation's Special Operations Forces and we are pleased to provide assistance to them," said Michael T. Strianese, President and Chief Executive Officer of L-3 Communications.
"This is a great award for Integrated Systems," added Bob Drewes, President and Chief Operating Officer of L-3 Integrated Systems Group. "This effort typifies L-3's dedication to delivering the highest levels of services to our customers. We will continue to support our military with the utmost in quality, speed and flexibility."
L-3 Integrated Systems (L-3 IS) develops and integrates defense and commercial technology for U.S. and allied customers worldwide. Located 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.
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.
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 "will," "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 Integrated Systems Lance Martin, 254-867-7001 or FD Investors: Eric Boyriven, Alexandra Tramont or Media: Evan Goetz 212-850-5600
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