L-3 Communications Consolidates and Establishes a Government Services

    Business Editors

    NEW YORK--(BUSINESS WIRE)--Jan. 19, 2005--L-3 Communications (NYSE: LLL) announced today that it will consolidate the present L-3 services companies and establish the Government Services Group to provide oversight, coordination and synergy among the company's services businesses. The Government Services Group will be established effective February 1, 2005 and will consist of the following L-3 Communications companies: ILEX Systems, Inc.; Government Services, Inc.; MPRI, Inc.; SYColeman; MPRI Ship Analytics, Inc. and Microdyne Outsourcing, Inc.
    The newly formed L-3 Government Services Group, with 2004 revenues of over $1 billion, will focus on business development, financial management and program execution. Building on its presence throughout the United States and in scores of countries overseas, the Government Services Group will provide professional, experienced support to U.S. and foreign governments as well as private sector operations around the world. The synergies that the Government Services Group will achieve among the core competencies of its constituent businesses will facilitate the disciplined and focused growth of L-3's services businesses and expand L-3's role in U.S. national security in 2005 and beyond.
    The company has also announced that General (Retired) Carl E. Vuono will become president of the L-3 Government Services Group and will oversee the group's business strategy and performance. He will also continue to serve as president of MPRI.
    "These services businesses, which include both domestic and international work, have achieved significant growth, and this group has now established the critical mass necessary to be a leading provider of a full spectrum of government and support services," said Frank C. Lanza, chairman and chief executive officer of L-3 Communications. "I know of no one better to lead this effort than Carl Vuono, who served our nation with distinction for more than three decades, culminating in his tenure as the thirty-first Chief of Staff of the U.S. Army. We are confident that Carl's leadership background and outstanding management skills will enable him to increase profitability and identify strategic synergies going forward in this expanding market. Carl has been instrumental in the growth of MPRI, and we look forward to his increased contributions as we continue to execute our strategy."
    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.
    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.

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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 TELECOMMUNICATIONS MANAGEMENT CHANGES SOURCE: L-3 Communications

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