06.12.2005 14:00:00
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L-3 Communications' SPAR Aerospace Awarded CDN $25 Million (US $21 Million) CC130 Hercules Maintenance Contract
L-3 SPAR's current CC130 Hercules ISC, which has been in placesince October 1, 2001, expires December 31, 2005, and the extensionwill run until April 30, 2006. L-3 SPAR and its predecessor companieshave been providing aircraft Repair and Overhaul (R&O), maintenanceand upgrade support under a variety of contracts to the CanadianHercules fleet since 1960.
"L-3 SPAR has been providing this critical Canadian air mobilityfleet with professional, high quality and cost competitive support forthe past 45 years. Virtually every significant upgrade ormodernization program ever carried out on the Canadian Hercules fleethas been designed and implemented by L-3 SPAR, from wing replacementsand fatigue improvements to special mission modifications and avionicsupgrades," said Patrice Pelletier, president of L-3 SPAR. "Over theyears, our hundreds of highly-skilled engineers and technicians havedeveloped an unsurpassed knowledge of the history and idiosyncrasiesof each Canadian Hercules aircraft and we are committed to continuingto provide the highest quality support to the CC130 Hercules."
L-3 SPAR will complete any aircraft work started during thecontract period. This will likely result in aircraft in production atL-3 SPAR's Edmonton, Alberta facilities well into the summer of 2006.
L-3 SPAR's ISC covers a wide range of aircraft services includingaircraft structural integrity program, liaison engineering, life cyclemanagement, avionics engineering, modification design engineering,aircraft heavy maintenance, repair and overhaul, life extensionmodification, fleet management software, technical publications,interactive electronic technical manual, aircraft component overhauland logistics support.
The scope of work under the contract extension includes:
-- Commitments of a minimum of three aircraft to be inducted at L-3 SPAR for servicing, including one aircraft inducted at the end of November for extensive Hercules Airframe and Wiring System Refurbishment (HAWSR)
-- Periodics, mobile repair parties, fly-in repairs and component repairs requiring contractor support
-- Continued engineering services from L-3 SPAR's Edmonton facilities and at Department of National Defence (DND) offices in Ottawa
-- Continued technical publication updates including the Interactive Electronic Technical Manuals (IETM) developed by L-3 SPAR and recently launched at DND
"It is this breadth of experience and expertise gained on theCanadian Hercules fleet that has established L-3 SPAR as a provider ofchoice for C-130 customers worldwide. We are building on thatknowledge to make L-3 SPAR the world's leading supplier of aerospacesolutions for air mobility platforms," concluded Mr. Pelletier.
A subsidiary of New York City-based L-3 Communications, SPARAerospace Limited is one of Canada's leading aerospace companies andis a Lockheed Martin-approved C-130 Hercules aircraft service center-the only 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. The company has had an ISO certified quality systemsince 1994, and a quality management system in place since 1943. Withmore than 800 employees across Canada, L-3 SPAR is a globallycompetitive market leader of MRO and Aircraft Life Extension Solutionsfor air mobility platforms. L-3 SPAR serves customers from Canada, theUnited States, Europe, South America, Asia Pacific, Africa and theMiddle East. To learn more about L-3 SPAR, please visit the company'sweb 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.Statements that are predictive in nature, that depend upon or refer toevents or conditions or that include words such as "expects,""anticipates," "intends," "plans," "believes," "estimates" and similarexpressions are forward-looking statements. The forward-lookingstatements set forth above involve a number of risks and uncertaintiesthat could cause actual results to differ materially from any suchstatement, including the risks and uncertainties discussed in thecompany's Safe Harbor Compliance Statement for Forward-lookingStatements included in the company's recent filings, including Forms10-K and 10-Q, with the Securities and Exchange Commission. Theforward-looking statements speak only as of the date made, and thecompany undertakes no obligation to update these forward-lookingstatements.
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