L-3 Communications (NYSE: LLL) announced today that its Security and Detection Systems division has been awarded an indefinite-delivery/indefinite-quantity (ID/IQ) contract by the Transportation Security Administration (TSA) to supply medium-speed explosives detection systems. This five-year acquisition program has a revenue potential of $549.6 million for L-3. As one of two suppliers selected as an ID/IQ award winner, L-3 is now qualified to receive orders for this equipment.
Under this contract, L-3 will supply TSA with eXaminer ® 3DX and eXaminer ® 3DX-ES systems for use in checked bag screening at the nation’s airports. More than 640 of these systems are currently in use by TSA.
Headquartered in New York City, L-3 employs approximately 51,000 people worldwide and is a prime contractor in C 3ISR (Command, Control, Communications, Intelligence, Surveillance and Reconnaissance) systems, aircraft modernization and maintenance, and national security solutions. L-3 is also a leading provider of a broad range of electronic systems used on military and commercial platforms.
To learn more about L-3, please visit the company’s website at www.L-3com.com. L-3 uses its website as a channel of distribution of material company information. Financial and other material information regarding L-3 is routinely posted on the company’s website 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.