L-3 Awarded United Kingdom C-130 Contract
NEW YORK--(BUSINESS WIRE)--L-3 Communications (NYSE: LLL) announced today that its SPAR subsidiary has been awarded an $18 million contract by the U.K. Ministry of Defence, Royal Air Force to perform outer wing replacements on three C-130K aircraft. This win reflects L-3's commitment and increasing presence in the U.K. as a major supplier to the MoD.
"We are pleased that the MoD and Royal Air Force have entrusted us with this C-130 outer wing program," said Sylvain Bédard, president of L-3 SPAR. "We have developed innovative and unique wing improvement programs for the Canadian C-130 fleet for over 40 years, and this award is a reflection of our market leadership in C-130 life extension programs."
The outer wing refurbishment contract commenced this month at L-3 SPAR's Edmonton, Alberta, Canada facility. The wings are being reconditioned to meet the Royal Air Force's Hercules Outer Wing Replacement Plan.
"The provision of outer wings will extend the life of a number of essential operational aircraft to meet their planned out-of-service date," said Group Captain Mark Hobbs, Hercules Integrated Project team leader. "L-3 SPAR offered us the opportunity to provide this war-winning capability in a cost-effective manner. I am pleased that L-3 SPAR has demonstrated their undoubted ability to perform this essential task for the MoD."
L-3 has broad C-130 capabilities to include structural modifications, avionics updates and aging fleet management in its C-130 Center of Excellence. The C-130 Center was implemented to harness engineering, manufacturing, and service capabilities across L-3 divisions, offering maximum value and unsurpassed experience to C-130 customers 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, 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. 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.
Copyright 2008 Business Wire All Rights Reserved