27.08.2009 12:59:00
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L-3 Receives Prime Contract In Support of Army PEO Program
L-3 Communications (NYSE:LLL) announced today that its MPRI division has been awarded a follow-on contract by the U.S. Army Program Executive Officer Enterprise Information Systems (PEO-EIS). This indefinite delivery indefinite quantity (ID/IQ) contract, awarded to multiple vendors, consists of a base year plus four option years, with a total potential value of $500 million.
Under this initiative, L-3 will provide the Army with program management support services, including engineering, information assurance, logistics, acquisition support, training and strategic communications. The contract provides services to PEO-EIS headquarters and various sites in support of the Army's evolving requirements for information dominance and security.
Dan Keefe, senior vice president and general manager of MPRI's National Group noted that the company's outstanding performance on the current PEO-EIS program resulted in this follow-on award. "L-3 has been a trusted partner for over six years, supporting the Army in their vital ongoing mission to provide acquisition excellence and the rapid fielding of services and products that better serve our soldiers."
MPRI, headquartered in Alexandria, Va., has more than 4,000 employees worldwide. To learn more about MPRI, please visit the company’s Web site at www.mpri.com.
Headquartered in New York City, L-3 Communications employs over 66,000 people worldwide and is a prime contractor in aircraft modernization and maintenance, C3ISR (Command, Control, Communications, Intelligence, Surveillance and Reconnaissance) systems and government services. L-3 is also a leading provider of high technology products, subsystems and systems. The company reported 2008 sales of $14.9 billion.
To learn more about L-3, please visit the company's Web site at www.L-3com.com. L-3 uses its Web site as a channel of distribution of material company information. Financial and other material information regarding L-3 is routinely posted on the company’s Web site and is readily accessible.
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. Statements that are predictive in nature, that depend upon or refer to events or conditions or that include words such as "expects,” "anticipates,” "intends,” "plans,” "believes,” "estimates,” "will,” "could” and similar expressions 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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