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L-3 Announces Corporate Promotions

NEW YORK, May 25, 2010 (BUSINESS WIRE) --L-3 Communications (NYSE: LLL) announced today that it has promoted two of its corporate executives as of April 26, 2010. Ralph G. D'Ambrosio has been promoted to the position of senior vice president. He retains his current role as chief financial officer and will continue to report to L-3's chairman, president and chief executive officer, Michael T. Strianese. Dan Azmon has been promoted to vice president. He retains his role as controller and principal accounting officer and will continue to report to Mr. D'Ambrosio.

"Both Ralph and Dan are valued members of our management team and have helped L-3 achieve its financial objectives and establish a strategic approach for continued growth and performance," said Mr. Strianese. "In their new positions, we look forward to their continued contributions to L-3 as we work together to successfully execute our strategy, pursue new opportunities and continue to generate value for our shareholders."

Mr. D'Ambrosio joined L-3 in August of 1997 and has served in various roles of increasing responsibility within the company's finance organization. He was appointed chief financial officer in January 2007 and served as L-3's principal accounting officer from 2005 until April 2008 and controller from 2000 to 2005. Mr. D'Ambrosio was appointed a corporate vice president in 2001. Prior to joining L-3, he was a senior manager in the Accounting and Auditing practice at Coopers & Lybrand, LLP.

A summa cum laude graduate of Iona College, Mr. D'Ambrosio received a bachelor's in business administration. He received his master's in business administration with honors from the Stern School of Business at New York University in 1997. In 2009 and 2010, Institutional Investor magazine named Mr. D'Ambrosio as one of "America's Best CFOs" in the aerospace and defense and electronics category.

Mr. Azmon joined L-3 in October 2000 as assistant controller and was appointed controller in January 2005. Most recently, he served as the company's controller and principal accounting officer, a position he has held since April 2008. Prior to joining L-3, Mr. Azmon held a number of financial management and financial reporting positions at ASARCO Incorporated and Salomon Brothers, Inc. and was a manager in the Accounting and Auditing practice at Coopers & Lybrand, LLP.

Mr. Azmon holds a master's of business administration degree from St. John's University in accounting and a bachelor's in business administration from Hofstra University in finance. Mr. Azmon is also a Certified Public Accountant.

Headquartered in New York City, L-3 Communications employs approximately 67,000 people worldwide and is a prime contractor in C3ISR (Command, Control, Communications, Intelligence, Surveillance and Reconnaissance) systems, aircraft modernization and maintenance and government services. L-3 is also a leading provider of a broad range of electronic systems used on military and commercial platforms. The company reported 2009 sales of $15.6 billion.

To learn more about L-3, please visit the company's website at L-3 uses its website as a channel of distribution of material company information. Financial and other material information regarding L-3 is routinely posted on the company's website and is readily accessible.

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. 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.

SOURCE: L-3 Communications

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