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Technology Stocks : L-3 Communications Holdings, Inc. (LLL) -- Ignore unavailable to you. Want to Upgrade?

To: Rick Hudson who wrote (28)	12/16/1998 10:59:00 AM
From: Rick Hudson	Read Replies (1) \| Respond to of 32

Wednesday December 16, 10:16 am Eastern Time Company Press Release L-3 Communications Awarded Contract by U.S. Navy for Five Surface Data Link Systems NEW YORK--(BUSINESS WIRE)--Dec. 16, 1998--L-3 Communications (NYSE:LLL - news) announced today that its Communication Systems -- West (CS-West) division has been awarded a competitively procured 1999 (government fiscal year) contract option from the Space and Naval Warfare Systems Command (SPAWAR). The contract is valued at $26.6 million for the production of five Common High Bandwidth Data Link Surface Terminals (CHBDL-ST) and associated engineering support services. The contract contains four additional one-year options, which if exercised, will bring the total cumulative contract value to $129.6 million. Work will be performed in the CS-West headquarters in Salt Lake City, Utah and is expected to be completed in July 2004. The CHBDL-ST system provides the Navy with the ability to collect electronic surveillance and reconnaissance data from remote airborne platforms. The system acquires data and distributes it to the appropriate shipboard users for processing and exploitation. This process increases the Navy's overall view of the battlespace, providing complete surveillance coverage within a 300 nautical mile radius. Headquartered in New York City, L-3 Communications is a leading merchant supplier of secure communications systems and products, avionics and ocean systems, microwave products and telemetry, instrumentation, space and wireless products. Its customers include the Department of Defense (DoD), selected U.S. government intelligence agencies, foreign governments, aerospace and defense prime contractors and commercial telecommunication and cellular customers.