L-3 Communications Wins Satellite Communications Network Contract From Bulgarian Government.HAUPPAUGE, N.Y.--(BUSINESS WIRE)--June 10, 1998--L-3 Communications (NYSE NYSE See: New York Stock Exchange :LLL LLL abbr. left lower lobe (of the lung) ) announced today that the Belgian Government has awarded its Satellite Transmission Systems (STS (Synchronous Transport Signal) The electrical equivalent of the SONET optical signal. In SDH, the European counterpart of SONET, STS is known as STM (Synchronous Transport Module). ) division a $13.5 million contract to custom design, integrate and install multiple earth terminals into a satellite communications network. The contract consists of 16 transportable earth terminals as well as one shipboard ship·board n. 1. The condition of being aboard a ship: on shipboard. 2. Archaic The side of a ship. adj. and two major anchor stations located near Camp Roi Albert, in the Belgian Ardennes. The program will be executed in partnership with CISET CISET Committee on International Science Engineering and Technology (USA FCCSET) International S.A., a local Belgian contractor. Installation is expected to be completed by September 1999. STS is a leading integrator of complex satellite and wireless communications systems and networks for global infrastructure requirements. STS offers advanced engineering, expert analysis, cost-effective turnkey solutions, world-class customer service support and wireless products. Customers include domestic and international prime communications infrastructure contractors, telecommunication and satellite service providers, broadcasters and media-related companies, government agencies and large corporations. 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 independent merchant supplier of secure communications systems and products, avionics and ocean systems, microwave components, and telemetry, instrumentation, space and wireless products. Its customers include the Department of Defense (DoD), select U.S. government intelligence agencies, foreign governments, aerospace and defense prime contractors and commercial telecommunications and cellular customers. 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 prospectus, which discussion is incorporated herein by this reference. CONTACT: L-3 Communications Cynthia Swain, 212/697-1111 or Satellite Transmission Systems Jennifer Siino, 516/272-5673 or Morgen-Walke Associates June Filingeri, John Blackwell Richard Dukas (Media) 212/850-5600 |
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