L-3 Communications Wins $37.7 Million Contract to Provide Electro-Mechanical Bomb Fuzes.
NEW YORK--(BUSINESS WIRE)--June 2, 2003
L-3 Communications (NYSE: LLL) 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, Patuxent River, MD, also includes associated fuze 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 (JDAM), 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), 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, 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:||Jun 2, 2003|
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