L-3 Receives Award from U.S. Army to Supply Advanced Fuzing
NEW YORK, Oct 08, 2007 (BUSINESS WIRE) -- L-3 Communications (NYSE: LLL) announced today that the U.S. Army has exercised a contract option for over 48,000 M762A1 Electronic Time Artillery Fuzes.
The M762A1 is an inductively settable, electronic fuze utilized by the U.S. Army and Marine Corps on artillery projectiles. L-3 has been in continuous production of this fuze since 2002.
"In 2006, L-3 was awarded an unprecedented fourth consecutive Commanders Trophy for its teamwork, schedule performance and technical excellence in producing the M762A1/M767A1 Electronic Time Artillery Fuzes for the U.S. military," said Joe Homko, President of BT Fuze Products. "We have had tremendous success in producing 1.2 million M762A1 in 56 consecutive lots, all without ballistic failure and with a remarkable 99.8% reliability rate."
Mr. Homko also noted the strong and growing interest by some U.S. allies in acquiring this fuze. "It is a reliable, low-cost alternative to upgrading aging mechanically timed fuze inventories."
L-3 BT Fuze Products is an ordnance supplier for the U.S. and international military allies. The company is a systems integrator for artillery, tank, mortar and infantry-employed ammunition products and specializes in the development and production of fuzing and safe and arming devices. The company also supports many prime contractors by supplying components for precision-guided weapons that allow for safe handling and effective performance.
To learn more about L-3 BT Fuze Products, please visit the company's web site at www.L-3Com.com/btfuze.
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 BT Fuze Products Bill Kamper, 717-735-0300 Ext. 9425 Marketing Director or FD Investors: Eric Boyriven, Alexandra Tramont Media: Evan Goetz 212-850-5600
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