NEW YORK, Jul 19, 2010 (BUSINESS WIRE) -- L-3 Communications (NYSE: LLL) announced today that its WESCAM
subsidiary has been awarded a third indefinite delivery/indefinite
quantity (ID/IQ) contract from the U.S. Air Force. Valued at $200
million, the funding from this contract will be used to purchase the
latest generation of L-3's MXTM-15Di targeting systems,
complete with high-definition (HD) sensors, and MXTM-20D
targeting systems, also with HD sensors, for an undisclosed customer.
Over an 18-month period, three ID/IQ contracts have been awarded to
WESCAM, enabling the Air Force to purchase a total of $400 million of
products and services. The MX-15Di systems procured under this latest
contract will be used on the Project Liberty program, which L-3 also
supports as the prime contractor and systems integrator.
"WESCAM is pleased to provide the imaging and targeting solutions needed
to support the Air Force's growing mission portfolio," said John Dehne,
president of L-3 WESCAM. "The modular design and versatility of our
product line has enabled the Air Force to outfit both legacy and new
platforms with the industry's most powerful EO/IR and laser sensors."
To date, the Air Force has purchased six different models of MX turrets
under these three contracts. Each turret model features
high-reliability, long-range performance, precision target location
accuracy and ease-of-use on a variety of platforms. WESCAM sensors
supply highly stabilized full-motion EO/IR video in support of U.S
coalition forces and troop operations.
Headquartered in New York City, L-3 Communications employs approximately
67,000 people worldwide and is a prime contractor in C3ISR
(Command, Control, Communications, Intelligence, Surveillance and
Reconnaissance) systems, aircraft modernization and maintenance, and
government services. L-3 is also a leading provider of a broad range of
electronic systems used on military and commercial platforms. The
company reported 2009 sales of $15.6 billion.
To learn more about L-3, please visit the company's website at www.L-3com.com.
L-3 uses its website as a channel of distribution of material company
information. Financial and other material information regarding L-3 is
routinely posted on the company's website and is readily accessible.
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," "will," "could" 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
Corporate Communications
212-697-1111
|
