L3 $89.6m Cockpit Display Contract
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L-3 Electronic Systems Awarded $89.6 Million Production Contract for Boeing F/A-18A/B Cockpit Display Suite LE BOURGET, France--(BUSINESS WIRE)--June 14, 2005--L-3 Communications (NYSE: LLL) announced today that its Canadian Electronic Systems (L-3 ES) subsidiary has been awarded an $89.6 million production contract from Boeing Integrated Defense Systems of St. Louis, MO, to produce the cockpit display suite for the F/A-18 aircraft. The display suite is slated for installation on Canadian and Australian F/A-18A/B aircraft as part of Australia's Hornet Upgrade Program and Canada's F/A-18 Incremental Modernization Project. The contract provides for the delivery of 647 displays through December 2008. Each display suite will consist of a combination of multifunction, repeater and situation displays embodying a digital moving map capability. The upgraded displays are full-color, high-resolution Active Matrix Liquid Crystal Displays (AMLCDs) that provide precise navigation/time reference, digital tactical imagery and enhanced graphics and video imagery, either individually or in combination. The pre-production display suite successfully completed first flight and formal flight milestones earlier this year in a Royal Australian Air Force (RAAF) F/A-18. Completion of the Australian fleet-wide incorporation of the modification is planned for December 2007, with completion of the Canadian program to follow. "This contract represents the culmination of several years of effort between L-3 ES, the end-user community, Boeing and our industrial partners," said Richard Ackerman, vice president of contracts, marketing and projects at L-3 ES. "The new display suite will support improvements in aircraft sensors, mission computers and weapons systems, and will provide significantly reduced life cycle cost when compared to the existing displays." For over 45 years, L-3 ES has established state-of-the-art engineering and manufacturing capabilities in the demanding fields of airborne, army and maritime electronics. Located in Ontario and Nova Scotia, Canada, the division employs 650 engineers, scientists, technicians and administrative staff. L-3 ES has been involved in the military avionics display business since 1978 and has produced over 10,000 avionics cockpit displays for military aircraft. Headquartered in New York City, L-3 Communications is a leading provider of Intelligence, Surveillance and Reconnaissance (ISR) systems, secure communications systems, aircraft modernization, training and government services and is a merchant supplier of a broad array of high technology products. Its customers include the Department of Defense, Department of Homeland Security, selected U.S. Government intelligence agencies and aerospace prime contractors. 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.
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