News & Events: Press Release

L-3 COMMUNICATIONS AWARDED DISPLAYS CONTRACT FOR JAS-39 GRIPEN AIRCRAFT

NEW YORK, NY, November 7, 2001 - L-3 Communications (NYSE:LLL) announced today that its Display Systems division has been awarded a contract from Saab Avionics to provide cockpit displays for the JAS-39 Gripen fighter aircraft. This multi-year contract is valued at over $10 million.

Under the terms of the contract, L-3 will manufacture multi-function, color, high-resolution, 6"x8" active matrix liquid crystal displays. The Gripen cockpit consists of three multi-function displays; a Flight Data Display, a Horizontal Situation Display, and a Multi-Sensor Display. The Flight Data Display presents all flight information required for flying and landing the aircraft. The tactical situation is presented on the Horizontal Situation Display with symbols representing friend or foe, targets, threats, obstacles and guidance information superimposed on a digital electronic map. The Multi-Sensor Display is used for radar modes or forward-looking infrared (FLIR) imagery. In addition, primary flight information can be routed to any one of the three displays.

These fully integrated, ruggedized displays meet the demanding environment of the Gripen fighter aircraft as well as MIL-STD-810 requirements. The Gripen is the world's first fourth-generation swing-role fighter, designed to meet all known and perceived 21st century defense threats. It is currently in operational service with the Swedish Air Force.

"We are pleased to have earned this opportunity to extend our relationship with Saab Avionics on the JAS-39 Gripen program," said Bob McGill, president of L-3 Display Systems. "The display suite for the Gripen is one of the most advanced, high-performance systems in the world. As advances in display technology take place, L-3 will continue to support the Gripen program ensuring that new developments are utilized to the maximum benefit."

"This long-term relationship is one of our most important, since it continues the development of the advanced man-machine interface on the Gripen, which requires high performance displays with excellent optical features," said Micael Johansson, executive vice president of Saab Avionics. "Saab Avionics will work together with L-3 Display Systems to ensure that the Gripen program will benefit from current and future display technologies."

Saab Avionics is a leading supplier of avionics and electronic warfare systems on the international market and a principal supplier to the Swedish JAS-39 Gripen aircraft. Primary operations are electronic warfare systems, display systems, tactical reconnaissance systems, advanced electronics and mechanical equipment, and electromagnetic technology services. Saab Avionics is a company within the Saab Group, one of the world's leading high-technology companies, with its main operations focusing on defense, aviation and space.

L-3 Display Systems specializes in the design, development and manufacture of ruggedized display systems for the world's most demanding military applications. L-3's product line includes a wide variety of displays and processors available to meet a multitude of system architectures for airborne, shipboard and ground-based applications.

Headquartered in New York City, L-3 Communications is a leading merchant supplier of secure communications systems and products, avionics and ocean products, training products, microwave components and telemetry, instrumentation, space and wireless products. Its customers include the Department of Defense, selected U.S. government intelligence agencies, aerospace prime contractors and commercial telecommunications and wireless customers.

To learn more about L-3 Communications, 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. 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.

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