23.05.2011 20:19:00
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L-3 Awarded U.S. Navy, Air Force C-12 Contractor Logistics Support (CLS) Contracts
L-3 Communications (NYSE: LLL) announced today that its Systems Field Support (SFS) division has been awarded contracts with a total potential value of more than $300 million over five years from the U.S. Navy (USN) and U.S. Air Force (USAF) to provide full Contractor Logistics Support (CLS) for their respective fleets of C-12 aircraft.
Under the initial contracts valued at $32.9 million, L-3 will provide for the life-cycle support and maintenance of the USN and USAF fleets of C-12 aircraft, their systems, subsystems and support equipment anywhere in the world.
"L-3 Systems Field Support is thrilled that the Navy and Air Force have selected us to continue providing CLS for their fleets of C-12 aircraft,” said Gordon Walsh, acting president of L-3 SFS. "We firmly believe that this award is a testament to the trust and confidence that we’ve earned through a decade of outstanding performance.”
USN and USAF C-12 aircraft operate from worldwide locations to provide operational support for rapid, time-sensitive or high-priority movement of personnel and cargo, training pilots, and/or testing assets where needed. The C-12 support roles include range clearance, courier flights, medical evacuation and humanitarian rescue or assistance.
In 2010, L-3 SFS was awarded a five-year, $440 million contract for Life-Cycle Contractor Support of C-12, RC-12 and UC-35 aircraft operated by the U.S. Army, Army Reserves and Army National Guard.
The L-3 SFS operating unit in Madison, Miss. has been providing maintenance and logistics support to USN and USAF C-12 aircraft and their associated support equipment for over 30 years. This contract effort encompasses full maintenance and logistics support for 65 Navy C-12 aircraft assigned worldwide at 21 locations, and 28 Air Force C-12 aircraft assigned worldwide at 19 locations.
L-3 Systems Field Support is an aerospace and defense support services contractor specializing in the delivery of integrated contractor logistics support for aircraft, ground vehicles and other defense systems. L-3 Systems Field Support is headquartered in Madison, Miss.
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.
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