L-3 Coleman Wins $73 Million Contract for Medium-Range Ballistic Missile Target Vehicles

  L-3 Coleman Wins $73 Million Contract for Medium-Range Ballistic Missile
  Target Vehicles

Business Wire

NEW YORK -- February 3, 2014

L-3 Communications (NYSE:LLL) announced today that its Coleman Aerospace
business has been awarded a new, competitively won contract from the U.S.
Department of Defense’s Missile Defense Agency (MDA) to provide Medium-Range
Ballistic Missile (MRBM) target vehicles for use in tests of missile defense
systems. The initial value of the award is approximately $73 million, with
additional options valued at more than $400 million over the next five years.

In support of MDA, L-3 Coleman will develop and manufacture the MRBM targets
and provide integrated logistics support, including inventory storage and
maintenance, pre- and post-mission analysis, launch preparation, launch
execution, and engineering services. These targets are an essential part of
MDA’s test plan to verify the effectiveness of its missile defense systems.

“We are proud to be the winner of this critical competitive contract from MDA.
L-3 Coleman has over 21 years of successful target system delivery
performance, providing high-quality targets at an industry-leading value. Most
recently, L-3 Coleman successfully demonstrated our Extended Long Range Air
Launched Target (E-LRALT) in the FTI-01 integrated live-fire demonstration in
October 2012. This was one of the largest, most complex mission flight tests
ever attempted. We are extremely pleased to continue our work with MDA by
applying the E-LRALT proven technology to the MRBM program,” said Steve
Kantor, president of L-3’s Electronic Systems Group. “This contract for target
vehicles will enable MDA to continue to assess the performance of the Aegis
Ballistic Missile Defense and Terminal High Altitude Area Defense systems.”

L-3 Coleman developed the first successful air-launched ballistic missile
target in 1999 and has accomplished a long list of firsts in successful air
launches. The business has air launched single-stage, two-stage and
three-stage targets for MDA. In addition, L-3 Coleman has launched from C-17
and C-130 cargo aircraft at remote and diverse locations and azimuths over the
Pacific Ocean.

L-3 Coleman Aerospace, based in Orlando, Fla., provides ballistic missile
targets and launch services for the Missile Defense Agency, as well as
engineering and analytical services for other government agencies, including
the U.S. Department of Defense, NASA and their industrial partners. To learn
more about L-3 Coleman Aerospace, please visit the company’s website at

Headquartered in New York City, L-3 employs approximately 48,000 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 2013 sales of $12.6 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
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
Corporate Communications
Press spacebar to pause and continue. Press esc to stop.