09.09.2005 19:53:00
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L-3 Communications' SPAR Aerospace Awarded $20 Million C-130 Hercules Maintenance Contract by the U.S. Coast Guard
The contract award comes at a time when the U.S. Coast Guard andits C-130 fleet is taking a leading role in providing relief andresponse support to the U.S. Gulf states in the wake of HurricaneKatrina. The C-130 is the airlift workhorse of most air forces andoperators around the world and is used extensively in support ofhumanitarian missions like the current Hurricane Katrina state ofemergency and the recent tsunami in Asia.
"L-3 SPAR was selected because of its competitive pricing, itsresponsiveness to U.S. Coast Guard requirements and its C-130pedigree, developed over years of work for the Canadian Air ForceC-130s," said Commander Shannon McCullar, U.S. Government task leaderfor the U.S. Coast Guard contract.
L-3 SPAR's anchor customer is the Canadian Department of NationalDefence (DND). It has been providing maintenance support to the DND'sC-130 Hercules fleet since 1960, when Canada purchased its first ofthis aircraft. L-3 SPAR has performed all major modifications to theCanadian fleet, including cockpit upgrades, special missionmodifications, such as search and rescue and tanker conversions andstructural refurbishments.
"Our work supporting the Canadian C-130 fleet has allowed L-3 SPARto build the expertise to enable us to develop our internationalcustomer base," said Patrice Pelletier, president of L-3 SPAR."Working in partnership with Canada allows our company to leveragethat knowledge to support many of Canada's allies, including the U.S.,New Zealand and Greece. It is this depth of experience that the U.S.Coast Guard is tapping into with the award of this contract."
A division of New York City-based L-3 Communications, SPARAerospace is one of Canada's leading aerospace companies and is aLockheed Martin approved C-130 Hercules aircraft service centre - theonly one in North America outside of Lockheed Martin itself. L-3SPAR's corporate headquarters are located in Edmonton, Alberta, withadditional facilities in Trenton, Ontario; Mississauga, Ontario andVenice, Italy. With more than 800 employees across Canada, L-3 SPAR isa globally competitive market leader of MRO and Aircraft LifeExtension Solutions for air mobility platforms. L-3 SPAR servescustomers from Canada, the United States, Europe, South America, AsiaPacific, Africa and the Middle East. To learn more about L-3 SPAR,please visit the company's web site at www.spar.ca.
Headquartered in New York City, L-3 Communications is a leadingprovider of Intelligence, Surveillance and Reconnaissance (ISR)systems, secure communications systems, aircraft modernization,training and government services. The company is a leading merchantsupplier of a broad array of high technology products, includingguidance and navigation, sensors, scanners, fuzes, data links,propulsion systems, simulators, avionics, electro optics, satellitecommunications, electrical power equipment, encryption, signalintelligence, antennas and microwave components. L-3 also supports avariety of Homeland Security initiatives with products and services.Its customers include the Department of Defense, Department ofHomeland Security, selected U.S. Government intelligence agencies andaerospace prime contractors.
To learn more about L-3 Communications, please visit the company'sweb site at www.L-3Com.com.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATIONREFORM ACT OF 1995
Except for historical information contained herein, the mattersset forth in this news release are forward-looking statements. Theforward-looking statements set forth above involve a number of risksand uncertainties that could cause actual results to differ materiallyfrom any such statement, including the risks and uncertaintiesdiscussed in the company's Safe Harbor Compliance Statement forForward-looking Statements included in the company's recent filings,including Forms 10-K and 10-Q, with the Securities and ExchangeCommission. The forward-looking statements speak only as of the datemade, and the company undertakes no obligation to update theseforward-looking statements.
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