L-3 Communications Integrated Systems Wins $1.5 Billion Contract to Provide Logistics Support to Special Operations Command.Business Editors/High-Tech Writers NEW YORK--(BUSINESS WIRE)--March 17, 2003 Single-Largest Award in the History of L-3 Communications L-3 Communications (NYSE NYSE See: New York Stock Exchange : LLL LLL abbr. left lower lobe (of the lung) ) announced today that its Integrated Systems division has been awarded the largest single contract in the company's history, a $1.5 billion, Indefinite Delivery/Indefinite Quantity (IDIQ IDIQ Indefinite Delivery, Indefinite Quantity (contracting/procurement) ) program to provide logistics products and services to the U.S. Special Operations Command A subordinate unified or other joint command established by a joint force commander to plan, coordinate, conduct, and support joint special operations within the joint force commander's assigned operational area. Also called SOC. See also special operations. (USSOCOM USSOCOM United States Special Operations Command ). With an effective date of April 1, 2003, the contract includes a base year followed by four option-years and five incentive award-term years. The program, known as the Special Operations Forces-Support Activity (SOF-SA), provides logistics support to USSOCOM, its component commands, selected Department of Defense customers, and designated government agencies. The Lexington, Kentucky-based Joint Operations Group (JOG), a business unit of L-3 Communications Integrated Systems, will execute the program. "Special Operations Forces Those Active and Reserve Component forces of the Military Services designated by the Secretary of Defense and specifically organized, trained, and equipped to conduct and support special operations. Also called SOF. are the vanguard of our nation's military forces, and we intend to make the full spectrum of L-3 products and services available to them through this contract," said Frank C. Lanza, chairman and chief executive officer of L-3 Communications. "We are pleased to be awarded the opportunity to serve this critical customer. These elite warriors are the 'tip of the spear', and they deserve the best. L-3 looks forward to providing the superior performance that has earned JOG such a stellar industry reputation." The award represents the next step of continuing support for USSOCOM's competitively awarded logistics support contract by the JOG, which L-3 acquired with the rest of Integrated Systems in early 2002. "This is a great award for Integrated Systems," said Bob Drewes, president of L-3 Integrated Systems. "The Joint Operations Group employees embody our dedication to delivering the highest levels of support to our customers. USSOCOM is a special customer and we intend to provide them with the utmost in speed, accuracy and flexibility." The JOG is based in Lexington, Ky., with 22 operating locations in nine states and four sites outside the continental United States United States territory, including the adjacent territorial waters, located within North America between Canada and Mexico. Also called CONUS. . "On behalf of the nearly 1,300 men and women at the JOG, we look forward to continuing our support of the finest fighting force in the world," said Dave Merriam, vice president of the JOG. "While we are extremely proud of what we've accomplished in the past, each of us recognizes that our objective now is to take our performance to new levels of excellence." L-3 Communications Integrated Systems is headquartered in Greenville, Texas with sites in Waco, Texas, and Avalon, Australia, in addition to the JOG operations in Lexington. Integrated Systems specializes in the development and integration of complex electronic systems for intelligence, surveillance and reconnaissance Intelligence, Surveillance and Reconnaissance may refer to:
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 (ISR (Interrupt Service Routine) Software routine that is executed in response to an interrupt. ) products, 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 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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