L-3 Awarded $74.7 Million NAVSEA Support Contract
NEW YORK, Jul 02, 2007 (BUSINESS WIRE) -- L-3 Communications (NYSE: LLL) announced today that its Government Services, Inc. (L-3 GSI) subsidiary has been awarded a five-year $74.7 million Foreign Military Sales (FMS) contract by the Naval Sea System Command (NAVSEA) to provide support for the Program Executive Office (PEO), Ships' PMS 325F in the area of counter-narcotics and boat and crafts program requirements.
Through support of the U.S. Navy's Boat and Craft FMS program, the L-3 team will enable the PMS 325F office to rapidly acquire the requisite services in support of friendly Navies worldwide. Work will be performed at various locations in the United States and around the world. "This award is a follow-on contract to existing work and is important to our business," said Paul Cerjan, President of L-3 GSI.
L-3 GSI, based in Chantilly, VA, is a recognized industry leader providing a wide range of technology-based services, support and products to federal, state and local governments and to the private sector. L-3 GSI's primary business areas include program management, training and simulation, information technology services, systems engineering, integrated security solutions and intelligence community services.
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 "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.
SOURCE: L-3 Communications
L-3 Communications Cynthia Swain, 212-697-1111 Vice President, Corporate Communications Or FD Investors: Eric Boyriven / Alexandra Tramont, 212-850-5600 or Media: Evan Goetz, 212-850-5600
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