NEW YORK--(BUSINESS WIRE)--Feb. 9, 2009--
L-3 Communications (NYSE: LLL) announced today that it completed the
acquisition of Chesapeake Sciences Corporation (CSC) on January 30,
2009. Terms were not disclosed. CSC is a developer and manufacturer of
anti-submarine warfare (ASW) systems based in Millersville, Md. The
acquired business, renamed L-3 CSC, is expected to add approximately $60
million to L-3’s sales for 2009, and to be accretive to L-3’s earnings.
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 2008 sales of $14.9 billion.
To learn more about L-3, please visit the company's Web site at www.L-3com.com.
L-3 uses its Web site as a channel of distribution of material company
information. Financial and other material information regarding L-3 is
routinely posted on the company’s Web site and is readily accessible.
Safe Harbor Statement Under the Private Securities Litigation Reform
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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
Source: L-3 Communications