NEW YORK--(BUSINESS WIRE)--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 www.coleman-aerospace.com.
Headquartered in New York City, L-3 employs approximately 48,000 people worldwide and is a prime contractor in C3ISR (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.
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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.
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