Press Release

L-3 Communications Space & Navigation Division Conducts Opening Ceremony

BUDD LAKE, NJ, July 2, 2003 - L-3 Communications Space & Navigation (L-3 S&N) announced today that the division has moved to a new facility in Budd Lake, NJ in the International Trade Center, conveniently located off of US Interstate 80. Mr. Larry Schwartz, L-3 Communications Navigation Products Group president, officially opened the facility. The Honorable Congressman Rodney Frelinghuysen (R)-NJ. was guest speaker and guest of Honor. Also attending the ceremony was Mayor Paul Licitra of Mount Olive Township.

The new facility will allow L-3 Space & Navigation the ability to enhance its high level of performance required by its customers. Additionally, L-3S&N recently received certification to the new International Standard ANSI/ISO/ASQ Q9001:2000 quality management system requirements which constitutes an upgrade of the Q9001:1994 document. L-3 S&N's compliance to the ISO 9001:2000 standards ensures a quality management system that will meet or exceed future contract requirements.

"This facility will allow our division to service our customers through optimization of our manufacturing and engineering operations in a very desirable location." said Paul Wengen, president of L-3 Space & Navigation. "This move further emphasizes L-3 Communications commitment to the Space & Navigation business since the division was acquired in 1999."

L-3 Space & Navigation, is a world premier provider of inertial instruments and integrated fire control systems to the global market and a major supplier of high quality Pointing, Guidance, Control and Positioning equipment for satellites, artillery, and launch vehicles, serving the military, commercial and government markets. The division's products and capabilities include Fiber Optic Gyros, Ring Laser Gyros, Reaction Wheel Assemblies, Position Navigation Units, Fire Control and Digital Battlefield Solutions. Space & Navigation has provided state-of-the-art systems for many critical and strategically important space and national defense programs including the Space Shuttle, Hubble Telescope, International Space Station, Iridium Satellite, Multiple Launch Rocket System, and HIMARS. L-3S&N was formerly located in Teterboro, NJ.

Headquartered in New York City, L-3 Communications is a leading merchant supplier of Intelligence, Surveillance and Reconnaissance (ISR) systems and products, secure communications systems and products, avionics and ocean products, training devices and services, microwave components and telemetry, instrumentation, space and navigation products. Its customers include the Department of Defense, Department of Homeland Security, selected U.S. Government intelligence agencies, aerospace prime contractors and commercial telecommunications and wireless customers.

To learn more about L-3 Communications, please visit the company's web site at www.L-3Com.com.