L-3 Communications (NYSE: LLL) announced today that its MAS division has been awarded a contract from the Government of Canada to provide complete in-service support (ISS) services for the country’s fleet of CC-150 aircraft. The five-year contract, with two five-year option periods, has a total potential value of $669 million ($683 million Canadian).
The CC-150 Polaris fleet, which is based on the Airbus A310 platform, is used by Canada’s Department of National Defence (DND) for such high-profile missions as VIP transportation and strategic air-to-air refueling, as well as passenger, freight and medical evacuation transportation. As the prime contractor, L-3 MAS is responsible for overall program management, materiel management, engineering support, flightline maintenance, heavy maintenance, and component maintenance, repair and overhaul services.
“We are honored to be selected by the Canadian government to continue supporting the CC-150 Polaris fleet and its strategically important mission,” said John McNellis, president of L-3’s Integrated Systems Group. “This award is very significant to L-3, as we continue to expand our platform and logistics solutions capabilities internationally. It also provides additional diversity to our impressive Canadian military ISS business base, which already includes fighters, trainers and helicopters.”
L-3 MAS has been the incumbent on this program since being awarded the CC-150 Interim ISS contract in June 2012. Under this new contract, L-3 MAS will conduct work at its facilities in Mirabel, Quebec, and at the customer’s operating base in Trenton, Ontario.L-3 MAS, a division of L-3 Integrated Systems Group, is Canada’s leading provider of aircraft modification, systems integration, life cycle management, fleet management and in-service support to government and commercial customers. In addition, L-3 MAS offers turnkey solutions for the design, prototyping, manufacture, repair, and overhaul and certification of aerospace components, and is a leader in the technical publications field. L-3 MAS is headquartered in Mirabel, Quebec, and employs 900 people at operating centers across Canada and in Williamtown, Australia. To learn more about L-3 MAS, please visit the company’s website at www.L-3com.com/mas. 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, platform and logistics solutions, and national security solutions. L-3 is also a leading provider of a broad range of electronic systems used on military and commercial platforms. The company reported 2012 sales of $13.1 billion. 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 1995Except 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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