10.05.2005 15:21:00
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L-3 Communications Security and Detection Systems, Inc. Receives TSA M
Business Editors/Technology Editors
NEW YORK--(BUSINESS WIRE)--May 10, 2005--L-3 Communications (NYSE: LLL) announced today that its Security and Detection Systems subsidiary has been awarded a Transportation Security Administration (TSA) maintenance contract valued at $50 million. The direct award of this important contract is a result of L-3's unparalleled capabilities and commitment to its customers.
The potential full-term contract, with annual options to extend, is to span five years. Each follow-on year is valued at approximately $50 million, bringing the total potential of the contract to $250 million, with possible adjustments based on further deployments of L-3 equipment.
The indefinite delivery/indefinite quantity (ID/IQ) contract specifies that L-3 will continue to provide maintenance for the eXaminer 3DX(R) explosives detection systems (EDS) and Linescan TIP-Ready X-ray (TRX) systems that are presently installed at checkpoints in the nation's largest airports. L-3 currently provides scheduled and unscheduled maintenance for these deployed systems. The new contract will also cover any additional L-3 EDS systems that are purchased during the period of the contract.
"As our EDS and TRX installation base continues to grow, L-3 is prepared to ensure that systems are accurately maintained in order to secure the traveling public," said Allen Barber, president of L-3 Security and Detection Systems. "This direct contract with TSA provides L-3 with an even closer working relationship with our customers and enhances our ability to address their concerns in a timely manner."
L-3's global customer service organization - the industry's largest - employs more than 300 maintenance specialists and technicians committed to rapidly responding to customer needs.
With a broad range of systems and technology, and an installed base of more than 18,000 units of various models, L-3 Security & Detection Systems offers X-ray screening for numerous major security applications that include: aviation systems for hold baggage explosives detection, oversized baggage, and checkpoint screening; cargo and air freight screening; port and border inspection; and facility protection. Security & Detection Systems' customer base includes major airlines, airports, and numerous domestic agencies (including the U.S. Department of Homeland Security, U.S. Customs Service, U.S. Marshals Service, U.S. Department of Agriculture, and U.S. Department of State), as well as international authorities throughout Europe, the Middle East, Africa, Asia, and Latin America. To learn more about L-3 Communications Security & Detection Systems, please visit the company's Web site at www.L-3com.com/xray.
Headquartered in New York City, L-3 Communications is a leading provider of Intelligence, Surveillance and Reconnaissance (ISR) systems and products, 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: HARDWARE AEROSPACE/DEFENSE GOVERNMENT SOFTWARE MARKETING AGREEMENTS SOURCE: L-3 Communications
Copyright Business Wire 2005
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