L-3 Communications Awarded Contract to Supply Microwave Tubes for AMRAAM Missile Program.Business EditorsNEW YORK--(BUSINESS WIRE)--May 1, 2003 L-3 Communications (NYSE NYSE See: New York Stock Exchange : LLL LLL abbr. left lower lobe (of the lung) ) announced today that its Electron Devices division has been awarded a $6.9 million contract from Raytheon Missile Systems Raytheon Missile Systems Company is a subsidiary of Raytheon Company. Headquartered in Tucson, Arizona, its president is Louise Francesconi. Formerly, known as Hughes Missile Systems Company before acquired by Raytheon Company The division's products include: Under the terms of the contract, L-3 Communications could deliver over 3,000 tubes to Raytheon. Deliveries will begin in 2003 and run through 2008. Electron Devices' traveling wave tubes are used in the active seeker of the AMRAAM missile. The missile is used extensively by the U.S. Air Force, U.S. Navy and more than 20 countries, and is the preeminent beyond-visual-range active radar missile in terms of accuracy and effectiveness. "Raytheon's AIM-120 AMRAAM missile is the world's most capable and widely used medium-range missile," said Jim Benham, president of L-3 Electron Devices. "We have been a supplier of these tubes to the AMRAAM program under previous contracts and this award permits us to continue to deliver to this important weapons system." L-3 Communications Electron Devices division, located in San Carlos, CA, designs and manufactures microwave tubes and systems for use in radar, communications, instrumentation, electronic countermeasures, and missile systems. 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 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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