Business Services Industry
L-3 Communications' Government Services, Inc. Subsidiary Awarded Potential $426.5 Million U.S. Army Intelligence Support Services Contract
Business Wire, July 13, 2005
NEW YORK -- L-3 Communications (NYSE:LLL) announced today that its Government Services, Inc. (L-3 GSI) subsidiary has been awarded a four-year contract by the U.S. Army to provide intelligence services to support the work of multi-national forces in Iraq. The contract is for a base period through June, 2007 and two option years, totaling $426.5 million if all options are exercised. The L-3 GSI team, which includes two other L-3 subsidiaries, SYColeman Corporation (SYColeman) and ILEX Systems, Inc. (ILEX), will provide a broad range of intelligence support services, including local employed persons screening, human intelligence support teams, open source intelligence and intelligence support management. L-3 GSI, SYColeman and ILEX are part of L-3's Government Services Group. Other team members include Centurum Inc., Gray Hawk Systems Inc., Operational Support and Services, Future Technologies, Inc., All World Language Corporation, Oak Grove Technologies, Espial and JIL Information Systems, Inc. E[acute accent]"We are very proud to have been selected to support our warfighters in Iraq," said Joseph Saponaro, president of L-3 GSI. "This award reflects the U.S. Intelligence Community's continued confidence in L-3 Communications' ability to solve its complex problems and challenges." E[acute accent]L-3 GSI, based in Chantilly, VA, is a recognized industry leader providing a wide range of technology-based services, support and products to federal, state and local governments and to the private sector. L-3 GSI's primary business areas include program management, training and simulation, information technology services, systems engineering, integrated security solutions and intelligence community services. E[acute accent]Headquartered in New York City, L-3 Communications is a leading provider of Intelligence, Surveillance and Reconnaissance (ISR) systems, secure communications systems, aircraft modernization, training and government services and is a merchant supplier of a broad array of high technology products. Its customers include the Department of Defense, Department of Homeland Security, selected U.S. Government intelligence agencies and aerospace prime contractors. E[acute accent]To learn more about L-3 Communications, please visit the company's web site at www.L-3Com.com.
E[acute accent]SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
E[acute accent]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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