L3 Receives Production Contract for U.S. Army Apache MUMT-X Program

Date : 10/30/2017 @ 8:43AM
Source : Business Wire
Stock : L3 Technologies, Inc. (LLL)
Quote : 220.91  0.0 (0.00%) @ 9:18AM

L3 Receives Production Contract for U.S. Army Apache MUMT-X Program

L3 Technologies, Inc. (NYSE:LLL)
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L3 Technologies (NYSE:LLL) announced today that it has received a production contract for multiple awards totaling $97 million in support of the U.S. Army’s Apache Manned/Unmanned Teaming – eXpanded Capabilities (MUMT-X) helicopter program. By enabling communications and data teaming between manned and unmanned aircraft, MUMT-X provides the Apache AH-64E with a transformational warfighting capability that is significantly more robust, lighter and less expensive than the original Unmanned Aircraft System (UAS) control system. This award follows the successful completion of a 2015 MUMT-X communications upgrade contract in which L3 delivered state-of-the-art systems for high-speed transmissions of wideband video and data.

“Our performance on the MUMT-X development program illustrates our commitment to providing innovative technology that meets the needs of the warfighter,” said Christopher E. Kubasik, L3’s President and Chief Operating Officer. “This contract award continues L3’s long-term support of the Apache program and exemplifies our dedication to delivering transformational capabilities.”

As part of this phase of the program, L3 will supply tested and certified Apache MUMT-X above rotor Unmanned Aerial System (UAS) Receive (UR) technology solutions to support MUMT operations and Air-to-Air-to-Ground (AAG) line-of-sight data links. This work will be executed by L3 Communication Systems-West (L3 CS-West), which is part of the company’s Communication Systems business segment.

L3 CS-West is a leader in communication systems for high-performance networks, including intelligence collection, imagery processing and satellite communications for the U.S. Department of Defense (DoD) and other customers. The company provides high data rate, wideband, secure, real-time communication systems for surveillance and reconnaissance. To learn more about L3 CS-West, please visit the company’s website at www.L3T.com/CSW.

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. L3 uses its website as a channel of distribution of material company information. Financial and other material information regarding L3 is routinely posted on the company’s website and is readily accessible.

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.

L3Corporate Communications212-697-1111

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