L-3 Communications (NYSE: LLL) announced today that it has been awarded an indefinite-delivery/indefinite-quantity (ID/IQ) contract for its VideoScout ® family of systems. Provided on behalf of the Marine Corp Systems Command by the United States Navy, the contract provides for the purchase of new equipment, modifications of existing equipment and the development of new system enhancements. If all contract options are exercised, the total potential value of this four-year program is $85 million.
“With more than 1,000 systems in use worldwide, VideoScout provides a unique situational awareness capability for U.S. Marines and Navy personnel around the world,” said Steve Kantor, president of the L-3 Electronic Systems Group. “We are honored to continue to provide new systems, service, training and capability enhancements in support of mission-critical operations.”
L-3’s VideoScout is a family of interoperable video exploitation, intelligence and management systems designed to capture, process and exploit video and telemetry from a wide variety of manned and unmanned airborne platforms, vehicles, ships and network-based video streams. Once data is received, VideoScout allows users to create derivative video files and still images, as well as annotate, geo-reference, store and share the resulting intelligent video with others across the battlespace. VideoScout helps both frontline tacticians and intelligence analysts quickly turn vast amounts of video data into concise, easily shared video intelligence to improve mission planning, execution and post-mission analysis.
To learn more about L-3’s VideoScout family of products, please visit www.L-3com.com/iec.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.
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