L-3 Communications Wins $37.7 Million Contract to Provide Electro-Mechanical Bomb Fuzes.Business Editors/High-Tech WritersNEW YORK--(BUSINESS WIRE)--June 2, 2003 L-3 Communications (NYSE NYSE See: New York Stock Exchange : LLL LLL abbr. left lower lobe (of the lung) ) announced today that its KDI Precision Products (L-3 KDI) business unit, has been awarded a $37.7 million firm-fixed-price supply contract for the procurement of FMU-139B/B electronic bomb fuzes. These fuzes will be utilized by the U.S. Navy, U.S. Air Force and the governments of Egypt, the Netherlands, and Belgium. The contract, issued by Naval Air Systems Command The Naval Air Systems Command, or NAVAIR, is the part of the United States Navy which provides materiel support for naval aircraft and airborne weapon systems, such as guided missiles. NAVAIR was established in 1966 as the successor to the Navy's Bureau of Naval Weapons (BuWeps). , Patuxent River, MD, also includes associated fuze fuze n. & v. Variant of fuse1. Noun 1. fuze - any igniter that is used to initiate the burning of a propellant fuse, primer, priming, fuzee, fusee accessory kits. The FMU-139B/B fuze is used to detonate general-purpose, air-delivered bombs and guided weapon systems, such as the Joint Direct Attack Munition Noun 1. Joint Direct Attack Munition - a pinpoint bomb guidance device that can be strapped to a gravity bomb thus converting dumb bombs into smart bombs JDAM (JDAM Noun 1. JDAM - a pinpoint bomb guidance device that can be strapped to a gravity bomb thus converting dumb bombs into smart bombs Joint Direct Attack Munition ), immediately at impact, after a delay following impact, or upon a signal from a separate proximity sensor. It is an updated version of the FMU-139A/B fuze originally developed by Motorola and the U.S. Navy during the 1980's. L-3 KDI, along with its fellow "Team Fuzing" consortium members SEI SPA (Italy), Ordnance Technologies (UK) Ltd. and Kaman Corporation's Raymond Engineering and Dayron facilities, recently completed design and safety certification testing of an improved FMU-139B/B fuze. "The team started with the existing fuze design and made significant changes to eliminate component obsolescence, improve affordability and producibility and augment performance," said Eric Guerrazzi, president of L-3 KDI. "L-3 KDI and our team member Kaman are proud to be associated with this important program." As the prime contractor for this program, L-3 KDI is producing the fuzes in its Cincinnati, OH facility with substantial component production and fuze final assembly being done by Kaman's Dayron facility based in Orlando, FL. Congressman Rob Portman (R-Ohio) recently visited KDI's Cincinnati facility to meet with employees and staff. "L-3 KDI plays a key role in our National Defense and our capability to combat worldwide terrorism," stated Representative Portman. During the visit Representative Portman toured the production area and met the employees who fabricate the types of fuzes used during Operation Iraqi Freedom. L-3 KDI manufactures fuzes for artillery projectiles, mortar projectiles, the Multiple Launch Rocket System (MLRS), the Army Tactical Missile System (ATACMS ATACMS Army Tactical Missile System ATACMS Army Tactical Cruise Missile System ATACMS Army Tactical Advanced Conventional Munitions System (US Army) ), the Patriot Missile system, the Sidewinder Air to Air Missile system, the Evolved Sea Sparrow Missile system and the Joint Standoff Weapon (JSOW). L-3 KDI employs approximately 300 personnel in Representative Portman's District, and is a leading supplier of precision fuzes and sensors to the U.S. Government, U.S. prime contractors and allied nations. 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 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, 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. |
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