L-3 Communications' SPAR Aerospace and Hellenic Aerospace Industry Celebrate Collaboration on Hellenic Air Force C-130H Upgrades.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 SPAR Aerospace Limited (L-3 SPAR) subsidiary and Hellenic Aerospace Industry The Hellenic Aerospace Industry (HAI, Greek: Ελληνική Αεροπορική Βιομηχανία or (HAI) held a ceremony at HAI's facilities in Tanagra, Greece in the presence of the Chief of the Hellenic Air Force The Hellenic Air Force (HAF) (Greek: Πολεμική Αεροπορία (ΠΑ), Polemikí Aeroporía) is the air force of Greece. (HAF imp. 1. Hove. ), the General Director of Hellenic Ministry of Defence (HMOD HMOD House Made Of Dawn (Industrial Metal Band) HMOD Hellenic Ministry of Defence (Greece) ) Staff, the Ambassador of Canada to Greece, and high ranking officials of HMOD to mark the delivery to the HAF of the second C-130H aircraft in its Avionics Upgrade Program (AUP See acceptable use policy. AUP - acceptable use policy ). This aircraft was the first to be modified in Greece at HAI's facilities using the AUP kit provided by L-3 SPAR. The first C-130H was upgraded at L-3 SPAR's facilities in Edmonton, Canada. With the delivery of this second aircraft, L-3 SPAR has completed the required training of HAI technicians. The first C-130B prototype will be delivered to the HAF in the spring of 2006 in Edmonton. The remaining 12 aircraft (eight H models and four B models) will be modified for the AUP by HAI in Greece. "This program is an excellent example of how our Herc 2020(TM) solution, an end-to-end life extension solution for the C-130 Hercules transport aircraft, can address the complex needs of operators worldwide. Herc 2020 can extend the service life of a C-130 by 15 to 20 years at an affordable and competitive price." said Patrice Pelletier, president of L-3 SPAR. "We welcome the collaboration with HAI on this program and other similar programs. This in-country collaboration is a vivid example of L-3 SPAR's commitment to its global customers and to the C-130 market. We look forward to working with other in-country partners around the globe to develop innovative Herc 2020 solutions." "The participation of HAI in the C-130 program from the development phase, is a major contributor to the upgrade of HAI's role, setting the basis for the development of new technologies and capabilities to jointly participate in other similar programs in the global market," stated Tassos Philippakos, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of HAI. Hellenic Aerospace Industry S.A. is the largest state-owned defense and aerospace industry in Greece and was established in 1975. HAI's main activities are in manufacturing and support of military and civil aircraft, engines and avionics; in defense electronics, optoelectronics and missile weapon systems; and in satellite communication networks. A subsidiary of New York City-based L-3 Communications, SPAR Aerospace Limited is one of Canada's leading aerospace companies and is a Lockheed Martin approved C-130 Hercules aircraft service center - the only one in North America outside of Lockheed Martin itself. L-3 SPAR's corporate headquarters are located in Edmonton, Alberta, with additional facilities in Trenton, Ontario; Mississauga, Ontario and Venice, Italy. With more than 800 employees across Canada, L-3 SPAR is a globally competitive market leader of MRO MRO In currencies, this is the abbreviation for the Mauritanian Ouguiya. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. and Aircraft Life Extension Solutions for air mobility platforms. L-3 SPAR serves customers from Canada, the United States, Europe, South America, Asia Pacific, Africa and the Middle East. To learn more about L-3 SPAR, please visit the company's web site at www.spar.ca. 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 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 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. Statements that are predictive in nature, that depend upon or refer to events or conditions or that include words such as "expects," "anticipates," "intends," "plans," "believes," "estimates" and similar expressions 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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