L-3 Communications Receives Third Award from Transportation Security Administration
17 September 2002
NEW YORK, NY, September 17, 2002 - L-3 Communications (NYSE: LLL) announced today that its Security and Detection Systems division has received an award of approximately $114 million from the Transportation Security Administration (TSA) of the Department of Transportation that completes funding for 425 of its eXaminer 3DXTM 6000 explosive detection systems. This contract supplements previously announced agreements totaling approximately $241 million with the TSA for 180 eXaminer 3DX 6000 systems and component kits and long-lead funding for an additional 245 units, which are now fully funded, and brings the total contract value to approximately $355 million. Deliveries and deployments of these systems are underway.
The eXaminer 3DX 6000 is the only continuously scanning explosive detection system that is capable of completely scanning over 500 bags per hour. The system utilizes advanced multiple-slice computer tomography (CT) to image the entire bag and automatically analyze and detect a wide range of threats. Operators can easily and unambiguously view a bag in detail for quick resolution. A key advantage of the eXaminer 3DX 6000 is its ability to be installed either as a stand-alone system or fully integrated in-line with a conveyor system. L-3 formed a partnership with Analogic Corporation to apply its advanced design CT system to the development of the eXaminer 3DX 6000 and then worked closely with the Federal Aviation Administration to introduce it to the marketplace.
The Security and Detection Systems division of L-3 Communications provides non-intrusive, advanced security-screening applications for customers worldwide. Offering solutions for all levels of HBS screening, L-3 Security and Detection Systems is the largest supplier and manufacturer of X-ray screening systems and metal detectors in the world. L-3 Security and Detection Systems, formerly L-3 Security Systems and PerkinElmer Detection Systems, customers include the Federal Aviation Administration (FAA), Transportation Security Administration (TSA), and various aviation, jail, prison, cruise line, and customs agencies. To learn more about L-3 Security and Detection Systems please visit the company's website at www.L-3com.com and www.dsxray.com.
Headquartered in New York City, L-3 Communications is a leading merchant supplier of secure communications systems and products, avionics and ocean products, training products, microwave components and telemetry, instrumentation, space and wireless products. Its customers include the Department of Defense, selected US government intelligence agencies, aerospace prime contractors and commercial telecommunications and wireless customers.
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. 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.
