L-3 Communications' IEC Awarded $10.4 Million Contract for Research and Development of the Modernization of Military Global Positioning System User Equipment.Business Editors/High-Tech Writers NEW YORK--(BUSINESS WIRE)--July 10, 2003 L-3 Communications (NYSE NYSE See: New York Stock Exchange : LLL LLL abbr. left lower lobe (of the lung) ) announced today that its Interstate Electronics Corporation (IEC) division has been awarded a $10.4 million contract by the Space and Missile Systems Center Based out of Los Angeles Air Force Base in California, the Space and Missile Systems Center (SMC) is a part of Air Force Space Command of the United States Air Force. Its mission is to conduct research and development of U.S. military outer space and missile systems. at Los Angeles Air Force Base Los Angeles Air Force Base is a United States Air Force Base located in El Segundo, California. Los Angeles Air Force Base houses and supports the headquarters of the Air Force Space Command's Space and Missile Systems Center (SMC). . This program's research and development announcement (PRDA) contract is designed to reduce risk and advance technology required for the future development of Modernized Military Global Positioning System Global Positioning System: see navigation satellite. Global Positioning System (GPS) Precise satellite-based navigation and location system originally developed for U.S. military use. User Equipment (MUE). Work on this contract is expected to be complete by February 2005. The PRDA will provide a better understanding to the industry and the U.S. government of the technical specifications and the risks regarding the implementation, certification, integration and operation of the MUE security architecture. The program will also assess the feasibility of designing, developing and producing MUE that can effectively detect, acquire, track and process M-Code and M-Code navigation data under stressed and nominal conditions, as well as the feasibility and advisability of implementing Y-Code signal in MUE. The effort is structured around three studies: security, alternate receiver configuration, and a test receiver that will be used to validate and reduce the risk of evolving requirements. All three studies require a synergistic approach to ensure security boundaries are protected. Significant emphasis will be put on cost-utility, affordability, risk reduction and interoperability between legacy systems. Based in Anaheim, CA, Interstate Electronics Corporation, 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 L-3 Communications Corporation, has been a long-term supplier of critical test instrumentation and missile tracking systems for the U.S. Navy's Fleet Ballistic Missile (FBM) weapons systems, including the Trident submarine. The division is ranked as an industry leader in GPS receiver and translator-based products, which are currently in use on multiple aircraft, cruise missiles and precision guided weapons. IEC produces ruggedized displays for both military and industrial applications. IEC also provides secure communications on a quick reaction basis for deployed forces in Eastern Europe. To learn more about IEC, please visit www.iechome.com. Headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , L-3 Communications is a leading merchant supplier of Intelligence, Surveillance and Reconnaissance Intelligence, Surveillance and Reconnaissance may refer to:
Homeland Security executive department - a federal department in the executive branch of the government of the United States , selected U.S. Government intelligence agencies, aerospace prime contractors and commercial telecommunications and wireless customers. 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 An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called 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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