L-3 Communications One of Five Companies Awarded Military Task Order Contract Valued up to $2 Billion.
NEW YORK -- L-3 Communications (NYSE:LLL) announced today that its Vertex Aerospace division (L-3 Vertex) has been awarded an indefinite delivery, indefinite quantity (ID/IQ) multiple-award contract by the U.S. Army Contracting Agency at Fort Hood, Texas in support of the U.S. Army Forces Command under the U.S. Army Aviation Joint Administrative Management Support Services (AVJAMSS) program. L-3 Vertex is one of five companies awarded in the program, which includes a one-year base contract and nine, one year options. The total ten-year program allows up to $2 billion to be placed in task orders among all five participating companies.
AVJAMSS will provide maintenance through task orders for multiple fixed and rotary-wing aircraft and weapons systems for the U.S. Army and other Department of Defense (DoD) customers. The program includes Task Order Management, Aviation Unit Maintenance (AVUM), Aviation Intermediate Maintenance (AVIM) and selected depot-level maintenance, Aviation Maintenance Management, Aviation Maintenance Training, Aviation Supply and Warehouse Management, and Missile, Aviation and System Support Equipment Maintenance and Modification.
"This opportunity allows L-3 Vertex to continue our growth in task order field services by providing access to a $2 billion pool of possible contracting activity," said Dan Grafton, president of L-3 Vertex. "We are honored to be selected by the US Army through the AVJAMSS program to maintain DoD aircraft and weapons systems that are critical to protecting our country and interests at home and abroad."
L-3 Vertex Aerospace provides aviation and aerospace technical services, primarily to government customers. The company has 10,700 employees working from 300 locations worldwide. L-3 Vertex is a subsidiary of L-3 Communications Integrated Systems.
Headquartered in New York City, L-3 Communications is a leading provider of Intelligence, Surveillance and Reconnaissance (ISR) systems, secure communications systems, aircraft modernization, training and government services and is a merchant supplier of a broad array of high technology products. Its customers include the Department of Defense, Department of Homeland Security, selected U.S. Government intelligence agencies and aerospace prime contractors.
To learn more about L-3 Communications, please visit the company's web site at www.L-3Com.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. 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.
