Business Services Industry
L-3 Communications Wins Sonar Contract From Republic of Turkey Navy
Business Wire, August 25, 1999
NEW YORK--(BUSINESS WIRE)--Aug. 25, 1999--
L-3 Communications (NYSE:LLL) announced that it has signed a contract to supply eight Helicopter Long Range Active Sonars (HELRAS) to the Republic of Turkey Navy (TN) for its Sikorsky S-70B helicopter fleet. These systems are in addition to the AN-AQS 18A medium frequency dipping sonars that will be integrated as an anti-submarine warfare upgrade to the TN's fleet of Agusta-Bell AB212 helicopters under the scope of this award. The contract for this work is valued at $29.5 million.
"This is yet another in a series of international contracts for our new, state-of-the-art, low-frequency HELRAS technology, and demonstrates how quickly customers are accepting this new technology," said Steven T. Schorer, president of L-3 Communications Ocean Systems. "The Turkish Navy will now possess the highest performance sonars and the best detection capability for deep and shallow water anti-submarine warfare."
Mr. Schorer , German Navy, Italian Navy and Royal Norwegian Navy in waters ranging from the Timor Sea, Mediterranean, Atnication systems and products, microwave compone 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 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 final prospectus, dated February 4, 1999, which discussion is incorporated herein by this reference.
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