L3 Unidyne Wins Contract for U.S. Navy Submarine Support Program
NORFOLK, Va., June 4, 2012
L3 Unidyne announced today that it has been awarded a contract valued at up to $79 million to provide submarine electronic and mechanical system engineering, analytical, logistics and technical support services for the U.S. Navy. Work will be performed in Norfolk, Va.; Portsmouth, N.H.; Kings Bay, Ga.; Groton, Conn.; Bremerton, Wash.; San Diego, Calif.; Pearl Harbor, Hawaii; and Guam.
Under the contract, L3 Unidyne will provide equipment or system expertise to aid in troubleshooting, repair, assessment, inspection, failure analysis, maintenance training, logistics support, modernization, and long-term problem resolution for all classes of U.S. Navy submarines on a worldwide basis. The purpose of the contract is to sustain a high level of operational and materiel readiness of the submarines supported by the Norfolk Ship Support activity and to enhance the maintenance training and technical expertise of the sailors who man those ships.
"This is a significant win for us, and we're extremely pleased that the Navy has recognized our exceptional record," said John Greene, president of the Marine Service Sector. "Having been the incumbent on this contract for more than 20 years, we have provided outstanding products and services to the U.S. Submarine Force, and we look forward to our continued work in support of the program."
L3 Unidyne, a division of L3 Marine & Power Systems, provides engineering, analytical, technical and industrial support services for DoD maritime customers and related commercial businesses.
Comprising 25 operating companies, L3 Marine & Power Systems (L3 M&PS) is a worldwide leader in maritime automation and control, navigation, communications, dynamic positioning, and power distribution and conditioning for the U.S. Navy, allied foreign navies and commercial customers worldwide. With over 80 locations in 20 countries, L3 M&PS is a cohesive, global partner with extensive capabilities and a proven track record in delivering the highest level of technology, service and integration. To learn more about L3 Marine & Power Systems, please visit the company's website at www.L3T.com/MPS.
Headquartered in New York City, L3 Communications employs approximately 61,000 people worldwide and is a prime contractor in C3ISR (Command, Control, Communications, Intelligence, Surveillance and Reconnaissance) systems, aircraft modernization and maintenance, and government services. L3 is also a leading provider of a broad range of electronic systems used on military and commercial platforms. The company reported 2011 sales of $15.2 billion. To learn more about L3, please visit the company's website at www.L3T.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," "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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