L-3 Awarded $36 Million Contract by U.S. Army
NEW YORK--(BUSINESS WIRE)--March 28, 2008--L-3 Communications (NYSE: LLL) announced today that it has been awarded a one-year, $36 million contract to provide aircraft and manufacturing services to the U.S. Army under a logistics support program at the Corpus Christi Army Depot. The company has performed as the incumbent contractor on this program since 2005.
"We're pleased to extend our successful relationship with the U.S. Army and continue to provide the superb services for which L-3 Vertex Aerospace is known," said Ed Boyington, president of L-3 Vertex Aerospace. "We're prepared to provide our expertise and support to the Army as it continues its depot maintenance activities, while simultaneously working to repair and refurbish helicopters that have been engaged in the Global War on Terror."
Madison, Mississippi-based L-3 Vertex Aerospace provides aviation and other aerospace technical services, primarily to government customers. With more than 11,000 employees working from 280 locations worldwide, Vertex is a subsidiary of L-3's Integrated Systems Group.
Headquartered in New York City, L-3 Communications employs over 64,000 people worldwide and is a prime system contractor in aircraft modernization and maintenance, C(3)ISR (Command, Control, Communications, Intelligence, Surveillance and Reconnaissance) systems and government services. L-3 is also a leading provider of high technology products, subsystems and systems. The company reported 2007 sales of $14 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," "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.
CONTACT: L-3 Communications Corporate Communications 212-697-1111 SOURCE: L-3 Communications