L-3 Communications' RIFCA Product Provided for Boeing Delta II Rocket Launch.Business Editors NEW YORK--(BUSINESS WIRE)--February 27, 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 has supplied its 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. for its 48th consecutive Boeing Delta rocket launch. L-3's RIFCA product has performed with 100% mission success on all 48 Delta launches since 1995. L-3 Space and Navigation has been providing Boeing with the RIFCA product since 1994, and L-3's product is expected to fly on future Delta II, Delta III and IV launches. Over the next five years, total contract value for L-3's RIFCA from Boeing is estimated to be approximately $100 million. L-3's RIFCA is a critical component of the Boeing Delta rocket launches. It guides the Boeing Delta series of rockets into the proper space orbits, with missions lasting up to seven hours in length. This unique product is a fault redundant system that operates with 3 distinctive processing channels. Each channel continuously monitors performance and evaluates proper functioning. "The success of our RIFCA product on these significant launches demonstrates Space and Navigation's leadership in the inertial guidance instruments market," said Paul Wengen, president of L-3 Communications' Space and Navigation division. "We are proud of our long history in supplying our high quality, reliable product for these rocket launches, and look forward to continuing our relationship with Boeing in the future." 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. Also included are products in support of critical classified programs to the U.S. government, as well as avionics plus attitude control products for 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 telemetry Highly automated communications process by which data are collected from instruments located at remote or inaccessible points and transmitted to receiving equipment for measurement, monitoring, display, and recording. , 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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