MUSKEGON, Michigan, November 5, 2008 – L-3 Communications, Combat Propulsion Systems (CPS) has been awarded an initial $52 million contract to provide transmissions for the Bradley Fighting Vehicle. The Transmission HMPT Operational Reliability (THOR) contract is a five-year fixed price contract with an option for five years.
Work will be performed at three locations: L-3 CPS in Muskegon, Michigan, Red River Army Depot in Texarkana, Texas, and David Brown Engineering in Huddersfield, U.K. The program establishes L-3 CPS as the Product Support Integrator (PSI) with responsibility for all aspects of the transmission program, including material procurement, vendor and parts qualification, process improvements, engineering, field support, quality and reliability.
Michael Soimar, L-3 CPS president said, “This is an excellent and unique program, and we look forward to successful execution. With L-3 now providing both manufacturing and service support, this is truly a ‘win-win’ situation as the end user will receive a reliable product at a lower cost.”
Headquartered in New York City, L-3 employs over 64,000 people worldwide and is a prime system contractor in aircraft modernization and maintenance, C3ISR (Command, Control, Communications, Intelligence, Surveillance and Reconnaissance) systems and government services. L-3 is also a leading provider of high technology products, subsystems and systems. The company reported 2007 sales of $14 billion.
To learn more about L-3, 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. Statements that are predictive in nature, that depend upon or refer to events or conditions or that include words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” “will,” “could” and similar expressions 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.
This information consists of L-3 Combat Propulsion Systems general capabilities information that does not contain controlled technical data as defined within the International Traffic in Arms (ITAR) Part 120.10 or Export Administration Regulations (EAR) Part 734.7-11.
