L-3 Communications Acquires Magnet-Motor GmbH

Headquartered in Starnberg, Germany, L-3 Magnet-Motor is a worldleader in the development, manufacture and field support of high-techelectric and energy systems for propulsion. The company offers systemsfor a broad array of platforms, including wheeled and tracked combatvehicles, commercial buses and marine vessels. The company alsospecializes in electric propulsion systems for the energy industry,including energy storage, energy conversion, windmill generators,DC/AC converters and inverters.

With advanced engineering capabilities which includeelectromechanical, electromagnetic, thermal calculations,microprocessor control and power electronics, L-3 Magnet-Motor offershighly compact power electronics for propulsion and powertransformation. The company provides system engineering and energymanagement expertise for the optimal operation of both civilian andmilitary electric vehicles, as well as diesel and gas electricvehicles, and electric hybrids with all combinations of generators andelectric storage devices.

L-3 Magnet-Motor currently offers more than 80 military andcivilian electric propulsion systems, which have operated successfullyfor over 6 million road miles.

"L-3 Magnet-Motor is a world-renown developer of electronicpropulsion systems, which is highly synergistic with both our Navalpower and control business and our Combat Propulsion Systems division,a recognized market leader in the engineering, design and manufactureof engines, transmissions, suspension and turret drive systems," saidCharles J. Schafer, president and chief operating officer of L-3'sProducts Group. "L-3 Magnet-Motor's advanced technologies will enhancethese two businesses with state-of-the-art offerings to furtherreinforce L-3 as a leader in propulsion and power electronics."

"L-3 Magnet-Motor's electric drive capabilities and technologiesare closely aligned with the future transformation needs of theDepartment of Defense as well as other international militaryorganizations, and the company is well positioned as a supplier on theU.S. Army's Future Combat System initiative as well as the UK's FutureRapid Effects System (FRES)," Mr. Schafer concluded.

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.