L-3 Communications Awarded Display System for the Line-of-Sight Anti-Tank Program.Business Editors NEW YORK--(BUSINESS WIRE)--April 16, 2001 L-3 Communications (NYSE NYSE See: New York Stock Exchange :LLL LLL abbr. left lower lobe (of the lung) ) announced today that its Display Systems division has been awarded a contract from Lockheed Martin Missiles and Fire Control Lockheed Martin Missiles & Fire Control (LM MFC) is a Lockheed Martin business unit based in the Dallas suburb of Grand Prairie, Texas. The unit's offensive and defensive arsenal includes air-to-air and air-to-ground missiles, naval rockets and missiles, fire control and sensor to provide the Display System for the Line-of-Sight Anti-Tank Program (LOSAT LOSAT Line-Of-Sight Antitank ). The contract is valued at approximately $2 million, plus production options for a total potential of over $6 million. The LOSAT Weapon System is comprised of a hypervelocity Kinetic Energy Missile (KEM) and associated fire control system integrated into an expanded capacity High Mobility Multipurpose Wheeled Vehicle
The M998 High Mobility Multipurpose Wheeled Vehicle (HMMWV or Humvee) is a military 4WD motor vehicle created by AM General. . LOSAT provides the U.S. Army an affordable, air-droppable system with overwhelming KEM lethality against advanced armor, bunkers, and hardened structures. Each Display System consists of a Controls & Displays Manager (CDM) and 2 BattleView/15 Tactical Displays. The system provides both the operator and commander the means to locate, identify and engage targets on the complex digital battlefield. L-3 Display Systems developed the BattleView/15 to meet the military's needs for ruggedized, lightweight, tactical, high-resolution displays for vehicle operators on the battlefield. L-3's LOSAT Display System is based on the latest Active Matrix Liquid Crystal Display liquid crystal display (LCD) Optoelectronic device used in displays for watches, calculators, notebook computers, and other electronic devices. Current passed through specific portions of the liquid crystal solution causes the crystals to align, blocking the passage of light. (AMLCD) flat panel technology, advanced processors, software and interfaces. "L-3's LOSAT Display System is a state-of-the-art, affordable system that is unique in its ability to meet the demanding requirements of ground vehicles and other forces," said Bob McGill, president of L-3 Display Systems. "The inclusion of this hardware in the LOSAT System provides the ability to view high resolution video and tactical information crucial for all operators on the complex digital battlefield." L-3 Display Systems specializes in the design, development and manufacture of ruggedized display systems for highly demanding applications. L-3's product line includes cathode ray tube See CRT. (hardware) cathode ray tube - (CRT) An electrical device for displaying images by exciting phosphor dots with a scanned electron beam. CRTs are found in computer VDUs and monitors, televisions and oscilloscopes. displays, active matrix liquid crystal flat panel displays and display processor electronics. 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 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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