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L-3 Wins U.S. Coast Guard Fast Response Cutter Contract
NEW YORK--([ BUSINESS WIRE ])--L-3 Communications (NYSE: LLL) announced today that its Communication Systems-East (CS-East) division has been awarded a contract by Bollinger Shipyards to provide the C4ISR system for the U.S. Coast Guard's Fast Response Cutter (FRC) program. Under an initial two-year contract, the company will design and deliver the first production shipset and related training systems. This contract also includes options for an additional 33 shipsets which, if exercised, would result in an overall contract value in excess of $100 million.
"This is a strategic win for our L-3 team," said Greg Roberts, president of L-3 Communication Systems-East. "We've utilized best in class products including the integrated bridge and navigation control system from L-3 Marine Systems, alarms and announcing systems from L-3 Henschel, and our MarComTM integrated and automated internal/external voice communications system. Our C4ISR system will make the Sentinel the most capable patrol boat in the Coast Guard fleet."
The FRC, also known as "The Sentinel Class," is a 154-foot cutter which supports a broad spectrum of Coast Guard missions. The C4ISR systems on the Sentinel Class patrol boat will be fully interoperable with the Coast Guard's existing and future platforms and also with those of the Department of Defense and the Department of Homeland Security.
The first FRC Sentinel Class patrol boat will be delivered in early 2011. The Coast Guard is also considering plans which could increase the total ship quantity to 58 ships.
L-3 Communication Systems-East designs, develops, produces and integrates communication systems and encryption solutions for space, ground, air and maritime operations. To learn more about L-3 CS-East, please visit the division's Web site at [ www.L-3com.com/cs-east ].
Headquartered in New York City, L-3 Communications employs over 64,000 people worldwide and is a prime 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 2008 sales of $14.9 billion.
To learn more about L-3, please visit the company's Web site at [ www.L-3com.com ]. L-3 uses its Web site as a channel of distribution of material company information. Financial and other material information regarding L-3 is routinely posted on the company's Web site and is readily accessible.
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.