L-3 Communications Titan Group Wins $26 Million Contract Modification to Its Integrated Broadcast Service Contract
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NEW YORK--Aug. 9, 2006--L-3 Communications (NYSE: LLL) announced today that the Intelligence Solutions division of its Titan Group (L-3 Titan Group) has been awarded a contract modification valued in excess of $26 million to the Integrated Broadcast Service (IBS) contract. The modification incorporates an engineering change proposal that enables rapid delivery of enhanced capabilities to end users and extends the overall contract's period of performance by 30 months, now continuing through November 30, 2011.
The original $53.6 million IBS contract was awarded by the IBS Program Office headquartered at the Electronic Systems Center (ESC), Hanscom Air Force Base, MA, on May 7, 2001. The combination of two earlier contract modifications and this new modification make the overall contract worth more than $128 million.
The IBS is a transformational program that provides warfighters with critical information management capabilities at multiple security levels. These operational capabilities ease the information burden, maximize existing bandwidth and bolster the warfighters' ability to execute missions. The IBS develops services across a global environment to support all military services and the intelligence community.
"This award builds on the tremendous success of the IBS program," said Tony Frederickson, president and chief operating officer of the L-3 Titan Group. "It also reflects an extraordinary team effort and partnership with ESC, which is a model for program execution. With ESC, we look forward to expanding our vital support to the intelligence community and warfighters."
The L-3 Titan Group, with its headquarters in Reston, VA, is a leading provider of C4ISR, homeland security, intelligence, enterprise IT and aerospace services and solutions. Its customers include the U.S. Department of Defense, the intelligence community and other civilian agencies. With deep and long-standing customer relationships, most of L-3 Titan's 12,000 employees provide critical support on over 2,000 government contracts. To learn more about L-3 Titan Group, please visit www.L-3Com.com/Titan.
Headquartered in New York City, L-3 Communications is a leading provider of Intelligence, Surveillance and Reconnaissance (ISR) systems, secure communications systems, aircraft modernization, training and government services. The company is a leading merchant supplier of a broad array of high technology products, including guidance and navigation, sensors, scanners, fuzes, data links, propulsion systems, simulators, avionics, electro optics, satellite communications, electrical power equipment, encryption, signal intelligence, antennas and microwave components. L-3 also supports a variety of Homeland Security initiatives with products and services. Its customers include the Department of Defense, Department of Homeland Security, selected U.S. Government intelligence agencies and aerospace prime contractors.
To learn more about L-3 Communications, please visit the company's web site at www.L-3Com.com.
L-3 Communications
Cynthia Swain, 212-697-1111
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L-3 Communications Titan Group
Claire F. Stock, 703-434-5078
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