L-3 Awarded Navy T-45 Logistics and Maintenance Support Contract
Five Year Award Valued at $569 Million
NEW YORK--(BUSINESS WIRE)--Oct. 27, 2008--L-3 Communications (NYSE:LLL) announced today that its Vertex subsidiary has been awarded an indefinite-delivery contract valued at $569 million by the U.S. Navy. Vertex, which has teamed with The Boeing Company for this project, will provide logistics services and maintenance materials in support of T-45A and T-45C trainer aircraft.
Work under this contract is now underway and includes four option years, extending its period of performance through September 2013. Vertex has been providing T-45 logistics support to the Navy for the past five years.
"We are proud our team has been selected to continue this mission-critical work, and we remain committed to delivering the highest level of quality and performance excellence", said Ed Boyington, L-3 Vertex president.
Mr. Boyington added that under this contract, Vertex will service 71 T-45A and 108 T-45C aircraft based at Naval Air Stations in Meridian, Miss., Kingville, Texas, and Pensacola, Fla.
Boeing will manage the supply chain in support of the contract. "We are pleased to be working with L-3 to provide support for this important training aircraft," said Jim O'Neill, Boeing Integrated Defense Systems vice president and general manager of Integrated Logistics. "This team will provide maximum readiness at an affordable cost for the U.S. Navy on the T-45."
L-3 Vertex Aerospace, a subsidiary of the L-3 Integrated Systems Group, provides aviation, aerospace technical services and ground systems primarily to government customers. The company has over 11,000 employees working from 300 locations worldwide.
A unit of The Boeing Company, Boeing Integrated Defense Systems (http://www.boeing.com/ids/) is one of the world's largest space and defense businesses specializing in innovative and capabilities-driven customer solutions. Headquartered in St. Louis, Boeing Integrated Defense Systems is a $32.1 billion business with 71,000 employees worldwide.
Headquartered in New York City, L-3 Communications employs over 64,000 people worldwide and is a prime 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, subsystems and systems. The company reported 2007 sales of $14 billion.
To learn more about L-3 Communications, 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. 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 Vertex Aerospace Dani Edmonson, 601-607-6411 Manager, Communications & Public Affairs SOURCE: L-3 Communications