L-3 WESCAM Awarded $200 Million Contract from U.S. Air Force
NEW YORK, Jul 19, 2010 (BUSINESS WIRE) --
L-3 Communications (NYSE: LLL) announced today that its WESCAM subsidiary has been awarded a third indefinite delivery/indefinite quantity (ID/IQ) contract from the U.S. Air Force. Valued at $200 million, the funding from this contract will be used to purchase the latest generation of L-3's MXTM-15Di targeting systems, complete with high-definition (HD) sensors, and MXTM-20D targeting systems, also with HD sensors, for an undisclosed customer.
Over an 18-month period, three ID/IQ contracts have been awarded to WESCAM, enabling the Air Force to purchase a total of $400 million of products and services. The MX-15Di systems procured under this latest contract will be used on the Project Liberty program, which L-3 also supports as the prime contractor and systems integrator.
"WESCAM is pleased to provide the imaging and targeting solutions needed to support the Air Force's growing mission portfolio," said John Dehne, president of L-3 WESCAM. "The modular design and versatility of our product line has enabled the Air Force to outfit both legacy and new platforms with the industry's most powerful EO/IR and laser sensors."
To date, the Air Force has purchased six different models of MX turrets under these three contracts. Each turret model features high-reliability, long-range performance, precision target location accuracy and ease-of-use on a variety of platforms. WESCAM sensors supply highly stabilized full-motion EO/IR video in support of U.S coalition forces and troop operations.
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 www.L-3com.com. 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.
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SOURCE: L-3 Communications