L-3 Communications Selected to Modernize Republic of Korea Navy P-3 Fleet.NEW YORK -- First graph, first sentence should read: xxx Integrated Systems (L-3 IS) subsidiary, as part of an industry team (sted xxx Integrated Systems (L-3 IS) division, as part of an industry team).
The corrected release reads
L-3 COMMUNICATIONS SELECTED TO MODERNIZE REPUBLIC OF KOREA NAVY P-3 FLEET
L-3 Communications (NYSE NYSE
See: New York Stock Exchange :LLL LLL
left lower lobe (of the lung) ) announced today that its Integrated Systems (L-3 IS) subsidiary, as part of an industry team headed by Korea Aerospace Industries Korea Aerospace Industries Ltd. (commonly referred to as KAI, Korean: 한국항공우주산업, Hanja: 韓國航空宇宙産業) is a South Korean national aerospace company established in 1999 (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 immigration, entrance of a person (an alien) into a new country for the purpose of establishing permanent residence. Motives for immigration, like those for migration generally, are often economic, although religious or political factors may be very important. and Customs Enforcement (I.C.E.), Royal Australian Air Force The Royal Australian Air Force (RAAF) is the Air Force branch of the Australian Defence Force. The RAAF began in March 1914 as the Australian Flying Corps and became a fully independent Air Force in March 1921. and Royal New Zealand Air Force The Royal New Zealand Air Force (RNZAF) is the air arm of the New Zealand Defence Force. It was formed from New Zealand components of the British Royal Air Force, becoming an independent force in 1923, although many RNZAF aircrew continued to serve in the Royal 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 Intelligence, Surveillance and Reconnaissance may refer to:
The origin of the unusual name of "Newport News" is unclear. ; and Avalon, Australia.
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) 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 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. The forward-looking statements speak only as of the date made, and the company undertakes no obligation to update these forward-looking statements.