L-3 Communications Wins Advanced Safety System Contract for Longbow and Hellfire II Missile Programs.NEW YORK--(BUSINESS WIRE)--August 25, 1999-- L-3 Communications announced today that its Electrodynamics electrodynamics, study of phenomena associated with charged bodies in motion and varying electric and magnetic fields (see charge; electricity); since a moving charge produces a magnetic field, electrodynamics is concerned with effects such as magnetism, business unit has been awarded a multi-year technology and production contract by Lockheed Martin Missiles and Fire Control Lockheed Martin Missiles & Fire Control (LM MFC) is a Lockheed Martin business unit based in the Dallas suburb of Grand Prairie, Texas. The unit's offensive and defensive arsenal includes air-to-air and air-to-ground missiles, naval rockets and missiles, fire control and sensor to supply advanced safety equipment for all future Longbow longbow Leading missile weapon of the English from the 14th century into the 16th century. Probably of Welsh origin, it was usually 6 ft (2 m) tall and shot arrows more than a yard long. and Hellfire hell·fire n. The fire of hell, considered as punishment for sinners. hellfire Noun the torment of hell, imagined as eternal fire Noun 1. II missiles. This contract represents a follow-on award valued at $7.5 million, with a potential value in excess of $17 million over the next five years. The safety equipment -- Electronic Safe and Arm Device (ESAD ESAD Escola Superior de Artes e Design (Portugal) ESAD Empire State Association of the Deaf ESAD Electronic Safe and Arm Device ESAD Equivalent Still Air Distance ) -- prevents inadvertent warhead firing during handling, flight operations and the initial launch from a helicopter. During operations, the ESAD independently analyzes flight conditions and determines safe separation of a missile launch. Upon target impact, the ESAD will detonate det·o·nate intr. & tr.v. det·o·nat·ed, det·o·nat·ing, det·o·nates To explode or cause to explode. [Latin d two warheads under a precision time delay designed to defeat countermeasures of the target. "L-3 Electrodynamics has supplied over 15,000 ESAD systems to the Hellfire II and Longbow programs," said John W. Kravcik, president of L-3's Electrodynamics unit. "Our equipment has proven itself to be highly reliable in preventing misfires and other safety-related accidents and we are pleased that Lockheed Martin has once again selected our team to provide this critical and cost-effective mission system." The United States Army's Longbow and Hellfire II programs are the nation's premier state-of-the-art missile systems, providing U.S. forces with the ability to defeat the most advanced enemy tanks. Electrodynamics, Inc., a subsidiary of L-3 Communications based in Rolling Meadows, IL, provides safe and arm devices, airborne and locomotive data recorders, elapsed time indicators and fault indicators to military prime customers and the locomotive industry. 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 secure communication systems and products, avionics and ocean systems, microwave components and telemetry, instrumentation, space and wireless products. Its customers include the Department of Defense, US government intelligence agencies, aerospace and defense prime contractors, foreign governments and commercial telecommunication and cellular customers. To learn more about L-3 Communications, please visit the company's website at www.L-3Com.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. 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 final prospectus, dated February 4, 1999, which discussion is incorporated herein by this reference. |
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