05.04.2005 16:01:00
|
L-3 Communications Announces Teaming with United Defense Industries, I
Business Editors
NEW YORK--(BUSINESS WIRE)--April 5, 2005--L-3 Communications (NYSE:LLL) announced today that its BT Fuze Products division is a member of the United Defense Industries (UDI) led team to develop a cost effective way to improve cannon artillery accuracy by utilizing a two directional course correcting fuze (CCF) capable of employment on 155mm and 105mm projectiles.
CCF fuzing is a revolutionary concept in artillery weaponry that offers near precision guidance, enables projectiles to impact long range targets within 30-50 meters, and is designed to be fielded on all current inventory projectiles. Before a CCF-equipped round is fired, the target's coordinates are programmed into the fuze. After the round is fired, the CCF guides the projectile to the target by deploying three different types of brakes that adjust the projectile's range and direction toward the intended target.
The UDI-led fuze program is being entirely financed by the CCF team of Bofors Defence, Rockwell Collins and BT Fuze Products. BT Fuze is a recognized developer and producer of gun launched fuzing and recently commenced production of its 1,000,000th electronic time artillery fuze for the U.S. military. BT Fuze successfully passed 45 consecutive production lots over a five year period with an overall 99.86% fuze reliability in acceptance testing -- an achievement earning the L-3 division and their associated government program management the U.S. Army's Research, Development, and Engineering Center's Commander's Award for best "Integrated Product Team" (IPT) in 2003 and 2004.
To learn more about BT Fuze Products, please visit the company's web site at www.L-3com.com/btfuze.
Headquartered in New York City, L-3 Communications (NYSE:LLL) 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.
To learn more about L-3 Communications, 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. 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.
--30--JM/ny*
CONTACT: L-3 Communications Cynthia Swain, 212-697-1111 or Financial Dynamics Investors: Eric Boyriven, Olivia Pirovano Media: Evan Goetz 212-850-5600
KEYWORD: NEW YORK INDUSTRY KEYWORD: AEROSPACE/DEFENSE GOVERNMENT MANUFACTURING TELECOMMUNICATIONS PRODUCT MARKETING AGREEMENTS SOURCE: L-3 Communications
Copyright Business Wire 2005
Wenn Sie mehr über das Thema Aktien erfahren wollen, finden Sie in unserem Ratgeber viele interessante Artikel dazu!
Jetzt informieren!
Nachrichten zu L-3 Communications Titan Corp.mehr Nachrichten
Keine Nachrichten verfügbar. |