Horne International Subsidiary Signs 5-Year Contract with L-3 Communications.Spectrum Sciences & Software to Provide Precision Manufacturing Support FAIRFAX, Va. -- Horne International, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :HNIN) today announced that L-3 Communications
L-3 Communications Holdings, Inc. (NYSE: LLL) is a company that supplies command, control, communications, intelligence, surveillance and reconnaissance (C3ISR) systems and and Spectrum Sciences & Software, Inc., have reached an agreement for Spectrum to produce precision-manufactured aircraft parts for L-3. Spectrum is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Horne International, a leading program engineering and technology solutions company. The five-year basic ordering agreement includes a two-year base period ending May 8, 2009, with three one-year mutual renewal options. Spectrum initially will produce flat pattern aircraft parts from customer-provided material on high-precision water-jet machines. These parts will directly support L-3's current domestic and foreign military aircraft sales requirements. The orders placed over the first nine months of the contract will be ordered at guaranteed minimum monthly levels of work, and Spectrum will rapidly produce, inspect, package, and ship the finished parts back to the customer. Spectrum provides expertise in the area of national defense, with core capabilities in the design and manufacture of aircraft and munitions mu·ni·tion n. War materiel, especially weapons and ammunition. Often used in the plural. tr.v. mu·ni·tioned, mu·ni·tion·ing, mu·ni·tions To supply with munitions. support equipment. "Spectrum has an excellent track record of delivering high quality products on time and at competitive prices. This long-term contract with L-3 Communications -- the sixth-largest defense company in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. -- is a testament to Spectrum's past performance under more than 850 contracts," said Darryl K. Horne, President, Chief Executive Officer and Chairman of Horne International. "We are enhancing Spectrum's manufacturing capabilities to help it meet future contracting opportunities in support of essential federal government requirements." L-3 Communications is a leader and prime defense contractor Noun 1. defense contractor - a contractor concerned with the development and manufacture of systems of defense armed forces, armed services, military, military machine, war machine - the military forces of a nation; "their military is the largest in the region"; in intelligence, surveillance and reconnaissance Intelligence, Surveillance and Reconnaissance may refer to:
About Horne International, Inc. Horne International (OTCBB:HNIN) delivers uniquely engineered solutions that advance some of today's foremost agendas -- winning the war on terrorism Terrorist acts and the threat of Terrorism have occupied the various law enforcement agencies in the U.S. government for many years. The Anti-Terrorism and Effective Death Penalty Act of 1996, as amended by the usa patriot act , strengthening national security, and fostering environmental sustainability. Service areas include program engineering; technology; manufacturing; maritime and industrial repair; environment, safety, and health; acquisition services; public outreach; and business process engineering. More information can be found at www.horne.com. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements, which are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, risks set forth in documents filed by the company from time to time with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by, or on behalf of, the Company, are expressly qualified by these cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof. |
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