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.
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. 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
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