L-3 Communications' Integrated Systems Subsidiary Awarded $104 Million Contract for the U.S. Navy P-3 Aircraft Sustainment, Modification and Improvement Program.NEW YORK -- L-3 Communications (NYSE NYSE See: New York Stock Exchange : LLL LLL abbr. left lower lobe (of the lung) ) announced today that its Integrated Systems (L-3 IS) subsidiary has been awarded an indefinite-delivery/indefinite-quantity (ID/IQ ID/IQ Indefinite Delivery/Indefinite Quantity ID/IQ Indefinite Duration/Indefinite Quantity ) contract with a total potential value of $104 million in the initial year for the U.S. Navy P-3 Sustainment, Modification and Improvement Program (SMIP). This contract also includes four additional one-year options. The initial award to L-3 IS under the SMIP contract is a $5.1 million task order for fabrication and delivery of eight Special Structural Inspection Kits (SSI-Ks). The program calls for an intensive depot level process for P-3 airframe and component inspection, deficiency identification, and correction to ensure safe and reliable operation, as well as to enhance the aircraft service life expectancy to sustain inventory levels throughout the service period. Work will be performed on all types, models and series of P-3 aircraft in the 150-aircraft U.S. Navy fleet, as well as P-3 aircraft supported through U.S. Navy-administered foreign military sales That portion of United States security assistance authorized by the Foreign Assistance Act of 1961, as amended, and the Arms Export Control Act of 1976, as amended. This assistance differs from the Military Assistance Program and the International Military Education and Training Program programs. L-3 IS' SMIP work will include a range of aircraft sustainment and modernization activities, including: --P-3 Special Structural Inspections (SSIs); --Enhanced Special Structural Inspections (ESSIs); --Fabrication and delivery of SSI-Ks; --Phased Depot Maintenance (PDM); and --Modification/Installation Programs (MIPs). "We are proud of our strong history of working with the U.S. Navy," said Bob Drewes, president of L-3 IS. "We've improved P-3 aircraft since the 1960s and this program will extend our record well beyond the more than 300 P-3 aircraft already delivered to customers throughout the world." L-3 IS has more than 50 years of aircraft modification experience and has modified more than 300 P-3 aircraft for many customers including the U.S. Navy, U.S. Customs and Border Protection U.S. Customs and Border Protection (CBP), a bureau of the United States Department of Homeland Security, is charged with regulating and facilitating international trade, collecting import duties, and enforcing U.S. trade laws. , Greece and Canada. Continuing programs include major tactical system upgrades for the Royal Australian Air Force The Royal Australian Air Force (RAAF) is the Air Force branch of the Australian Defence Force. The RAAF began in March 1914 as the Australian Flying Corps and became a fully independent Air Force in March 1921. (RAAF), the Royal New Zealand Air Force The Royal New Zealand Air Force (RNZAF) is the air arm of the New Zealand Defence Force. It was formed from New Zealand components of the British Royal Air Force, becoming an independent force in 1923, although many RNZAF aircrew continued to serve in the Royal Air Force and the Republic of Korea's Navy P-3s. L-3 IS recently completed modernization of the RAAF fleet of AP-3Cs under a program designated Sea Sentinel. L-3 IS' experience and capability includes a workforce with current P-3 experience, as well as critical tooling, data and material necessary to support all P-3 initiatives. Additionally, the company recently delivered a seventh refurbished P-3 aircraft to the U.S. Navy as part of an existing ESSI program. Currently contracted to perform ESSIs on 28 U.S. Navy P-3s, ESSI tasks on additional P-3 aircraft are likely to be included as part of SMIP. L-3 Communications Integrated Systems is an SEI CMM Level 5 software developer and integrator of complex electronic systems for intelligence, surveillance and reconnaissance Intelligence, Surveillance and Reconnaissance may refer to:
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 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 Noun 1. Department of Homeland Security - the federal department that administers all matters relating to homeland security Homeland Security executive department - a federal department in the executive branch of the government of the United States , 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 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 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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