L3 Westwood Receives Orders Totaling Over $6.5 Million to Provide Power Distribution Equipment for DDG 114 and 116 Arleigh Burke-Class Ships
TULSA, Okla., April 16, 2012
L3 Westwood announced today that it has received orders totaling over $6.5 million from Huntington Ingalls Industries' (NYSE:HII) Ingalls Shipbuilding and General Dynamics Bath Iron Works (GDBIW) to provide power distribution equipment for the U.S. Navy's DDG 114 and DDG 116 ships, respectively. DDG 114 and 116 are the 64th and 66th ships of the Arleigh Burke class being built for the U.S. Navy by the two companies.
"L3 Westwood is pleased to be working with great partners like Ingalls Shipbuilding and GDBIW," said Clayton McClain, president of L3 Westwood. "The DDG 114 order is noteworthy as it represents the 50th shipset of the DDG 51 power distribution equipment that Westwood has received, and is the 23rd order from Ingalls. The DDG 116 order is another important milestone as it is the 28th shipset to be provided to GD Bath Iron Works."
The U.S. Navys shipbuilding plans include the continued production of the DDG 51-class destroyers for the next 10 years.
Since 1968, L3 Westwood has successfully designed and built electrical distribution and control equipment, including many different types of power and signal switchboards. The company's equipment is installed on a full range of naval vessels - from nuclear-powered aircraft carriers to destroyer escorts, submarines and special-purpose small boats. Additionally, L3 Westwood is a leader in the design and manufacture of Tactical Quiet Generator (TQG) sets for the Department of Defense. To learn more, please visit the company's website at www.L3T.com/Westwood.
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.L-3mps.com.
Headquartered in New York City, L3 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.
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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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