L-3 Communications WESCAM Receives Four-Year $8.4 Million Contract for U.S. Army Airborne Standoff Minefield Detection System -Astamids-.
NEW YORK--(BUSINESS WIRE)--July 15, 2003
L-3 Communications (NYSE: LLL) announced today that its wholly owned subsidiary, L-3 Communications WESCAM (L-3 WESCAM), has received a contract from Northrop Grumman Integrated Systems Sector, Melbourne, Fl. L-3 WESCAM is contracted to supply state-of-the-art M11 digital video electro-optic/infrared (EO/IR) countermine step-stare sensor systems over the four-year System Development and Demonstration (SDD) for the U.S. Army's Airborne Standoff Minefield Detection System. The total contract is valued at $8.4 million, of which $1.6 million is funded, with the balance expected to be funded over the four-year period.
L-3 WESCAM's multi-spectral step-stare gyrostablized system will provide the Army with the capability to methodically capture extremely high-resolution digital stills at high speed and combine them into a large, high-resolution composite image.
"We are delighted with Northrop Grumman's and the U.S. Army's confidence in our development capabilities and the effectiveness of our equipment to support the U.S. Army's missions," said Mark Chamberlain, president of L-3 WESCAM. "This contract confirms L-3 WESCAM as the world leader in technology, development and production of high-performance EO/IR countermine sensor systems for small UAVs such as those specified for the U.S. Army's Future Combat System and the Extended Range Multi-Purpose (ERMP) UAV."
WESCAM is a world leader in the design and manufacture of wireless visual information systems, with capabilities that include the capture of images from mobile platforms and/or transmission of those images in real time to tactical command sites for interpretation, or to production facilities for live broadcast.
To learn more about L-3 WESCAM, please visit the company's Web site at www.wescam.com.
Headquartered in New York City, L-3 Communications is a leading merchant supplier of Intelligence, Surveillance and Reconnaissance (ISR) systems and products, secure communications systems and products, avionics and ocean products, training devices and services, microwave components and telemetry, instrumentation, space and navigation products. Its customers include the Department of Defense, Department of Homeland Security, 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:||Jul 15, 2003|
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