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L3 Power Distribution Wins $24 Million Contract to Provide Power Node Control Centers for the U.S. Navy's LHA 8 Program

PHILADELPHIA, April 9, 2018

L3 Power Distribution announced today that it has received a fully funded contract valued at $24 million from HII-Ingalls Shipbuilding to supply 40 Power Node Control Centers (PNCC) for the U.S. Navy's LHA 8 Large Deck Amphibious program. The PNCC is also supplied on the U.S. Navy's DDG program, providing vital power to systems that require 400 Hz power. For the LHA 8 program, in addition to converting 400 Hz power to shipboard weapons and sensor systems as previously configured for the DDG program, several PNCC units will be outfitted to handle the diverse avionics power requirements for the aircraft assigned to the ship.

L3's PNCC is an integrated electrical system that can be configured to simultaneously perform multiple functions, including operating as a transfer switch, frequency converter, power rectifier and/or inverter, circuit breaker, power conditioner, power transformer and motor controller. The PNCC is scalable, flexible, affordable and robust in converting power for a variety of applications, from commercial off-the-shelf (COTS) to qualified MIL-SPEC equipment. It allows for reduced weight and space requirements, and outperforms existing systems through superior fault management and robust power management capabilities.

"This is the second major program award for the PNCC, a critical building block of L3's Total Ship Solutions (TSS) products specifically designed to fulfill requirements outlined in the U.S. Navy's Technology Development Roadmap," said Don Rodrigues, President of L3's Power Distribution business, which developed the PNCC. "We are excited to move beyond the early DDG contracts that supplied 400 Hz power at the "Point of Use" by expanding the capabilities of the PNCC so that it can perform as both a "Point of Use" system and the next generation of Aircraft Electrical Service Stations (AESS)."

"This contract for L3 demonstrates our versatility to meet changing naval requirements with our innovative technologies," noted Jerry Ozovek, President of L3's Power & Propulsion Systems sector. "We continue to see great opportunity to expand PNCC applications across other U.S. Navy platforms and in support of future high-energy weapons systems where power management is vital."

L3 Power Distribution, an L3 Power & Propulsion Systems business line for L3 Technologies, has been a worldwide leader of innovative power solutions for more than 100 years. The company's panel boards and power conversion, power conditioning and power protection solutions can be found in a wide range of demanding military and commercial environments around the world. Power technology systems from L3 Power Distribution are virtually the "service standard" for the U.S. Navy and many international navies.

With 14 locations and over 1,000 employees throughout the United States, L3 Power Distribution also provides advanced simulations supporting enhanced soldier safety in combat, electron beam sterilization and high-power radiation-producing systems for nuclear effects testing.

Headquartered in New York City, L3 Technologies employs approximately 31,000 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 2017 sales of $9.6 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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