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L-3 Awarded U.S. Navy P-3 SMIP Contract

Dépèche transmise le 28 juin 2011 par Business Wire

L-3 Awarded U.S. Navy P-3 SMIP Contract

NEW YORK--(BUSINESS WIRE)--L-3 Communications (NYSE: LLL) announced today that its Platform Integration division has been competitively awarded an approximately $104 million contract to perform aircraft sustainment for the U.S. Navy’s fleet of P-3, EP-3 and NP-3 aircraft. This indefinite-delivery/indefinite-quantity (ID/IQ) program follows a previous program awarded to L-3 in 2005.

“Our ability to accomplish airframe sustainment concurrently with system integration will return these aircraft to service rapidly and affordably.”

The Sustainment, Modification and Installation (SMIP) program provides for an intensive depot-level process for P-3 airframe and component inspection and deficiency identification. The program corrects deficiencies to ensure safe and reliable operation, as well as to enhance the aircraft service life expectancy to sustain inventory levels throughout the service period.

“We are extremely pleased to be selected to continue our work keeping the P-3 mission-ready and flying safely,” said Nick Farah, executive vice president of L-3 Platform Systems. “Our ability to accomplish airframe sustainment concurrently with system integration will return these aircraft to service rapidly and affordably.”

Work will be performed on all types, models and series of P-3 aircraft in the 147-aircraft U.S. Navy fleet.

L-3’s SMIP work includes a range of aircraft sustainment and modernization activities, including:

• P-3 outer wing refurbishment,
• P-3 outer wing installation,
• Special structural inspection kits (SSI-Ks),
• Phased maintenance inspections (PMIs), and
• Modification/installation programs (MIPs).

L-3 has more than 60 years of aircraft modification experience, modifying hundreds of P-3 aircraft for customers throughout the world, including the U.S. Navy, U.S. Customs and Border Protection, Australia, Canada, Greece, Korea and New Zealand. L-3’s experience and capability includes a dedicated wing refurbishment facility and workforce with current P-3 experience, as well as critical tooling, data and material necessary to support all P-3 initiatives.

Headquartered in New York City, L-3 Communications employs approximately 63,000 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 2010 sales of $15.7 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.

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.

Distribution Statement A- Approved for public release; distribution is unlimited. As submitted under NAVAIR Public Release Authorization 11-823.