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.
L-3 Communications (NYSE:LLL) announced today that it has been awarded a contract totaling $208 million by the Australian Defence Force (ADF), under the LAND 53 Phase 1BR program, to deliver soldier modernization technology, including specialized night vision equipment, to the Australian Army. The five-year contract was awarded through a competitive bid process that included extensive ADF field testing. Deliveries are expected to occur between May 2017 and May 2021. "This new business award demonstrates the growing demand for our highly advanced, capable products and solutions in a key international market," said Michael T. Strianese, L-3's Chairman and Chief Executive Officer. "L-3's ability to deliver a collaborative, one-company solution to meet a wide range of requirements is increasingly important to our customers, both in Australia and across the globe." Work will be performed by L-3 Warrior Systems in collaboration with Australia-based L-3 Oceania, both in L-3's Electronic Systems business segment. Under this contract, L-3 will provide the Australian Army with innovative targeting and detection capabilities that are designed to perform at night and under all weather conditions. These include binocular night vision goggles, which incorporate white phosphor image intensification technology, a compact multifunction aiming laser with integrated white light capability, and the next generation of lightweight, miniature laser rangefinders. L-3 Warrior Systems is also scheduled to open a new sustainment center in Australia to provide in-country logistics support, as well as regional customer support, for this project. L-3 Warrior Systems develops and manufactures fully qualified, advanced night vision and electro-optical systems and components for the United States military, law enforcement, first responder agencies and allied nations across the globe. An original and qualified manufacturer of night vision imaging technology, L-3 Warrior Systems uses the latest in thermal, image intensifier and fusion technologies to provide an extensive portfolio of products that enables optimal performance during the day, at night and in adverse weather. L-3 Warrior Systems is committed to the quality, reliability and supportability of all its fielded systems. To learn more, please visit www.L-3com.com/warriorsystems. Headquartered in New York City, L-3 employs approximately 38,000 people worldwide and is a leading provider of a broad range of communication and electronic systems and products used on military and commercial platforms. L-3 is also a prime contractor in aerospace systems. The company reported 2015 sales of $10.5 billion.