L-3 Communications' RIFCA Product Achieves 50th Consecutive Launch Milestone With 100% Success On All 50 Launches.Business Editors NEW YORK--(BUSINESS WIRE)--June 20, 2001 L-3 Communications (NYSE NYSE See: New York Stock Exchange : LLL LLL abbr. left lower lobe (of the lung) ) announced today that its Space and Navigation division's RIFCA RIFCA Redundant Inertial Flight Control Assembly (Redundant Inertial Flight Controller Assembly) inertial guidance system inertial guidance system An electronic system that continuously monitors the position, velocity, and acceleration of a vehicle, usually a submarine, missile, or airplane, and thus provides navigational data or control. utilized by Boeing on the Delta Rocket has achieved it's 50th consecutive launch with 100% mission success on all 50 launches to date. L-3 Space & Navigation has been providing Boeing with the RIFCA product since 1994, and L-3's product is expected to fly on all future Delta II, Delta III, and Delta IV launches
The following is information about all the various Delta IV launches. . Over the next five years, the total contract value for L-3's RIFCA from Boeing is estimated to be approximately $100 million. RIFCA is a critical component in the Delta launch process, guiding the rocket into proper space orbit, with missions lasting up to seven hours in length, and has routinely achieved a guidance accuracy of at least three times better than mission requirements. L-3's RIFCA is a triple-redundant guidance package that, in the course of all 50 launches, has never triggered even a single redundancy back up during normal flight operations. "This is a significant achievement for Space and Navigation as it marks our commitment to the Boeing Delta rocket launches and is testament to the high quality and reliability of our product," said Paul Wengen, president of L-3 Communications' Space and Navigation division. "This milestone further demonstrates Space & Navigation's role as a leading supplier of inertial instruments to Boeing and other commercial, military, and scientific contractors." L-3 Space and Navigation, based in Teterboro, NJ, designs, develops, produces and integrates systems that guide, position, navigate and control satellites, launch vehicles and tactical artillery. Its products also support critical classified programs for the U.S. government, as well as NASA's Space Shuttle, Space Station and the Hubble Space Telescope Hubble Space Telescope (HST), the first large optical orbiting observatory. Built from 1978 to 1990 at a cost of $1.5 billion, the HST (named for astronomer E. P. Hubble) was expected to provide the clearest view yet obtained of the universe. programs. L-3 Space and Navigation is a division of L-3 Communications. 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 secure communications systems and products, avionics and ocean products, training products, microwave components and telemetry, instrumentation, space and wireless products. Its customers include the Department of Defense, selected US 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 Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. 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. |
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