Corrective Action To Be Taken By INSCOM On L-3's Linguist Protest
NEW YORK--(BUSINESS WIRE)--Jan. 17, 2008--L-3 Communications (NYSE: LLL) has been advised that the U.S. Army Intelligence and Security Command (INSCOM) intends to take corrective action on a protest filed by L-3 in connection with the contract to provide translators and linguists in support of U.S. military operations in Iraq. INSCOM informed the Government Accountability Office (GAO) of its decision on January 15, 2008. L-3 filed its protest with the GAO on December 14, 2007. L-3 will evaluate its options once INSCOM has implemented its corrective action and has made a new award decision.
In another unrelated program action, L-3's existing linguist contract was previously extended from December 9, 2007 to March 8, 2008. There can be no assurances about the outcome of the government's corrective action, or whether L-3's linguist contract will be extended beyond March 8, 2008.
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.
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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," "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.
CONTACT: L-3 Communications Corporate Communications 212-697-1111 or FD Investors: Eric Boyriven, Alexandra Tramont Media: Evan Goetz 212-850-5600 SOURCE: L-3 Communications