L-3 Communications Announces Conversion Rate Adjustment for Its 3% Convertible Contingent Debt Securities (“CODES”) Due

  L-3 Communications Announces Conversion Rate Adjustment for Its 3%
  Convertible Contingent Debt Securities (“CODES”) Due 2035

Business Wire

NEW YORK -- November 16, 2012

L-3 Communications Holdings, Inc. (the “Company”) (NYSE: LLL) announced today
that it has adjusted the conversion rate for its 3% Convertible Contingent
Debt Securities (CODES) due 2035 (CUSIP Numbers: 502413AW7 and 502424AE4; ISIN
Numbers: US502413AW73 and US502424AE49) (the “Securities”) in connection with
the regular quarterly dividend of $0.50 per share of the Company’s Common
Stock paid on September 17, 2012 and the regular quarterly dividend of $0.50
per share of the Company’s Common Stock expected to be paid on December 17,
2012.

The new conversion rate is 10.9640 shares of Common Stock of the Company per
$1,000 principal amount of the Securities, effective for conversions on or
after November 19, 2012.

Notices of the conversion rate adjustment have been delivered to holders of
the Securities in accordance with the terms of the Indenture governing the
Securities.

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.

Contact:

L-3 Communications
Corporate Communications
212-697-1111
 
Press spacebar to pause and continue. Press esc to stop.