|
L-3 Communications'
CyTerra Receives $40 Million Order From U.S. Army for New
Handheld Mine Detectors
January 25, 2007
NEW YORK--(BUSINESS WIRE)--Aug. 9, 2006--
L-3 CyTerra Wins Pentagon Contract for State-of-the-Art
Detector That Identifies Buried Landmines, Explosives, and
Weapons
NEW YORK--(BUSINESS WIRE)--L-3 Communications (NYSE: LLL)
announced today that its CyTerra (L-3 CyTerra) subsidiary
has received a follow-on order from the U.S. Army valued
at more than $40 million for several thousand AN/PSS-14
advanced mine detection systems, plus accessories.The purchase
is the second order placed by the U.S. Army under a ten
year, full rate production contract for up to 17,000 units
with an anticipated value in excess of $300 million. The
initial order, announced in August 2006, was for more than
$24 million of AN/PSS-14 systems and accessories.
Unlike earlier generations of mine detectors that relied
on metal detection alone, the AN/PSS-14 – developed by L-3
CyTerra under the U.S. Army Handheld Standoff Mine Detection
System (HSTAMIDS) program – combines highly sensitive metal
detection with ground-penetrating radar and advanced data
fusion algorithms, all in a rugged, compact system. This
unique combination of technologies represents a major advancement
in detection capabilities and enables the AN/PSS-14 to accurately
differentiate deadly landmines from harmless metal debris.
As U.S. troops continue to operate in some of the world’s
most heavily mined regions, the AN/PSS-14 significantly
improves the speed and safety of mine clearance operations
performed by U.S. forces, and dramatically enhances their
ability to readily locate both metallic and low-metallic
anti-personnel and anti-tank mines buried in all types of
soil and terrain. To date, L-3 CyTerra has delivered more
than 3,000 AN/PSS-14 mine detecting sets to the U.S. Army
and U.S. Marine Corps under this and other contracts.
“Mine detection and clearance remains a complex and high-risk
challenge for our military,” noted Craig Coy, President
and Chief Operating Officer of the L-3 Homeland Security
Group. “The scope of this contract and the accelerated rate
at which the U.S. Army deploys the AN/PSS-14 signifies the
trust they have in our technology. We’re very proud to be
a direct contributor to the demining efforts of the U.S.
Armed Forces engaged in the Middle East and elsewhere in
the world.”
Headquartered in Orlando, FL and founded in 2000, L-3 CyTerra
currently serves a broad customer base that includes the
Transportation Security Administration (TSA), the Department
of Homeland Security (DHS), the U.S. Army and Navy, the
Defense Advanced Research Projects Agency (DARPA) and several
foreign militaries. L-3 CyTerra is a leader in the development
and manufacture of a number of sophisticated sensors for
the military and homeland security markets. The company’s
threat detection capabilities include the AN/PSS-14 next-generation
U.S. Army mine detector, advanced through-wall radar and
explosive detection sensors for checkpoints. Its products
are used by the U.S. Army as their standard for portable
land mine detection. L-3 CyTerra’s explosives detection
gateways and see-through building detectors are new products
being introduced as first-of-breed next generation sensors.
To learn more about L-3 CyTerra, please visit www.cyterra.com.
Headquartered in New York City, L-3 Communications is a
leading provider of Intelligence, Surveillance and Reconnaissance
(ISR) systems, secure communications systems, aircraft modernization,
training and government services. The company is a leading
merchant supplier of a broad array of high technology products,
including guidance and navigation, sensors, scanners, fuzes,
data links, propulsion systems, simulators, avionics, electro
optics, satellite communications, electrical power equipment,
encryption, signal intelligence, antennas and microwave
components. L-3 also supports a variety of Homeland Security
initiatives with products and services. Its customers include
the Department of Defense, Department of Homeland Security,
selected U.S. Government intelligence agencies and aerospace
prime contractors.
To learn more about L-3 Communications, please visit the
company's web site at www.L-3com.com.
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” 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: Cynthia Swain
Vice President, Corporate Communications
L-3 Communications
212-697-1111
Contact: Financial Dynamics For Immediate Release
Investors: Eric Boyriven, Alexandra Tramont
Media: Evan Goetz
212-850-5600
|