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L3 Maritime Systems Wins Contract to Provide Machinery Control Systems for Egyptian Minehunters

LEESBURG, Va., June 19, 2017

L3 Maritime Systems announced today that it has received an $11 million contract from sustainment services leader VSE Corporation to upgrade the Machinery Control Systems (MCS) on two minehunting ships for the Egyptian Navy. These ships were formerly U.S. Navy Osprey-class vessels, and L3 supplied the legacy control systems.

L3 Maritime Systems' MCS solutions provide advanced automation and control of the ships' propulsion, electrical, ventilation and other systems. They will be implemented using ruggedized industrial control system equipment to enhance supportability by the Egyptian Navy.

"We are very pleased to support VSE on this important program," said Robert Gaylord, President of L3 Maritime Systems. "L3 has a broad and significant installed base across the U.S. Navy and U.S. Coast Guard, as well as foreign allied navy platforms. Supporting the life cycle of these products, including technology refreshes, is a key part of our business and long-term customer support, and we are focused on expanding this business through U.S. Foreign Military Sales going forward."

L3 Maritime Systems is a leading supplier of marine systems and electronics, including integrated bridge, navigation, communications, and control and sensing systems, for the U.S. Navy and its Military Sealift Command, the U.S. Coast Guard and allied navies. L3 Maritime Systems also produces solutions for naval applications, such as hybrid electric drive systems, automated battery and environmental monitoring systems, alarm and announcing systems, video data distribution systems, computer information systems and integrated platform management systems.

Headquartered in New York City, L3 Technologies employs approximately 38,000 people worldwide and is a leading provider of a broad range of communication, electronic and sensor systems used on military, homeland security and commercial platforms. L3 is also a prime contractor in aerospace systems, security and detection systems, and pilot training. The company reported 2016 sales of $10.5 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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