L-3 Awarded Navy T-45 Logistics and Maintenance Support Contract
Five Year Award Valued at $569 Million(New York, October 27, 2008) -- L-3 Communications (NYSE:LLL) announced today that its Vertex subsidiary has been awarded an indefinite-delivery contract valued at $569 million by the U.S. Navy. Vertex, which has teamed with The Boeing Company for this project, will provide logistics services and maintenance materials in support of T-45A and T-45C trainer aircraft.
Work under this contract is now underway and includes four option years, extending its period of performance through September 2013. Vertex has been providing T-45 logistics support to the Navy for the past five years.
"We are proud our team has been selected to continue this mission-critical work, and we remain committed to delivering the highest level of quality and performance excellence", said Ed Boyington, L-3 Vertex president.
Mr. Boyington added that under this contract, Vertex will service 71 T-45A and 108 T-45C aircraft based at Naval Air Stations in Meridian, Miss., Kingville, Texas, and Pensacola, Fla.
Boeing will manage the supply chain in support of the contract. "We are pleased to be working with L-3 to provide support for this important training aircraft," said Jim O'Neill, Boeing Integrated Defense Systems vice president and general manager of Integrated Logistics. "This team will provide maximum readiness at an affordable cost for the U.S. Navy on the T-45."
Source : L-3 Communications Holdings Inc. (NYSE: LLL)

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