L-3 Communications Westwood Corporation Awarded $24.7 Million Addition to U.S. Army ID/IQ Award.NEW YORK -- L-3 Communications (NYSE NYSE See: New York Stock Exchange : LLL LLL abbr. left lower lobe (of the lung) ) announced today that its Westwood Corporation (L-3 Westwood) subsidiary has received a $24.7 million delivery order from the U.S. Army CECOM CECOM Communications Electronics Command (US Army) CECOM National Center for Communications of the Civil Protection Agency Acquisition Center for Tactically Quiet Generators (TQGs). This order is an add-on to an existing indefinite-delivery/indefinite-quantity (ID/IQ ID/IQ Indefinite Delivery/Indefinite Quantity ID/IQ Indefinite Duration/Indefinite Quantity ) contract, raising the total value of orders placed to date to $85.8 million. This contract was awarded to L-3 Westwood in September 2001 with ordering years ending in September 2007. This order brings the total number of units ordered to approximately 3,300, with final delivery of current funded orders in 2007. In consideration of current forward deployments of U.S. military assets worldwide, it is anticipated that this contract will grow to approximately $130 million. "This order represents the largest single TQG TQG Tactical Quiet Generator (Army) delivery order received to date," said Ernie McKee, president of L-3 Westwood. "We are excited about serving the current critical mobile power needs of the U.S. Armed Services during this period of deployment with a proven quality product." Mr. McKee continued, "The TQG is used by the U.S. Armed Services in providing mobile power where needed. Our employees are proud to know that our products are being produced to support the men and women in forward-deployed areas and are aware of the importance of supplying the highest quality TQG's." L-3 Westwood has been in continuous production of 30 and 60 kilowatt TQGs since 1999, fielding over 4,800 units while completing a previous contract and performing ahead of the contractual requirements on the existing production. This equipment plays a major role in supplying mobile power to the U.S. Armed Services in support of weapon systems, missile systems and earth satellite terminals, as well as hotel power required for U.S. Air Force BEAR Base needs when electric power from conventional sources is unavailable. L-3 Westwood produces power distribution, control and generation defense-related equipment, primarily for the U.S. Government and its prime contractors. L-3 Westwood is a member of L-3's Power and Control Systems Group. L-3 Communications Westwood Corporation is a Tulsa, Oklahoma based company with three successful product lines which (1) manufacture shipboard electrical control and distribution equipment; (2) develop and manufacture hardware and software for sophisticated naval control systems and (3) manufacture 30kW and 60kW Tactical Quiet Generator Sets to the U.S. Military. 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 provider of Intelligence, Surveillance and Reconnaissance Intelligence, Surveillance and Reconnaissance may refer to:
Homeland Security executive department - a federal department in the executive branch of the government of the United States , selected U.S. Government intelligence agencies and aerospace prime contractors. 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. |
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