L-3 Communications Selected to Modernize Republic of Korea Navy P-3 Fleet.
The corrected release reads
L-3 COMMUNICATIONS SELECTED TO MODERNIZE REPUBLIC OF KOREA NAVY P-3 FLEET
L-3 Communications (NYSE:LLL) announced today that its Integrated Systems (L-3 IS) subsidiary, as part of an industry team headed by Korea Aerospace Industries (KAI), has been selected by the Republic of Korea (ROK) Ministry of National Defense to complete mission system modernizations and service life extensions for eight ROK Navy P-3 aircraft, known as "Lot II".
The contract, details of which have not been finalized, will provide the ROK Navy's newest P-3 patrol aircraft with a complete suite of modern sensors and electronics, as well as ground support systems to augment the eight P-3 aircraft already in the ROK Navy fleet. The Lot II aircraft are being procured from the U.S. Navy.
"This selection affirms our long-standing commitment to Korea," said Bob Drewes, president of L-3 IS. "We have established great relationships with our Korean industry partners and our best people will work shoulder-to-shoulder with KAI to deliver the industry's most advanced and reliable airborne mission systems."
L-3 IS has modified over 300 P-3 aircraft dating back to the 1960s and is currently performing advanced mission systems, major structural modification, refurbishment and revitalization across a broad customer base including the U.S. Navy, U.S. Department of Homeland Security's Bureau of Immigration and Customs Enforcement (I.C.E.), Royal Australian Air Force and Royal New Zealand Air Force.
L-3 Communications Integrated Systems is an SEI CMM Level 5 developer and integrator of complex electronic systems for intelligence, surveillance and reconnaissance (ISR) missions. Headquartered in Greenville, Texas, L-3 IS operates from major sites in Austin and Waco, Texas; Madison, Mississippi; Lexington, Kentucky; Tulsa, Oklahoma; Newport News, Virginia; and Avalon, Australia.
Headquartered in New York City, L-3 Communications is a leading merchant supplier of Intelligence, Surveillance and Reconnaissance (ISR) 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 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 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. 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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|Date:||Dec 13, 2004|
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