L-3 Acquires Airborne Technologies, Expands UAS Capability

(New York, August 9, 2010) -- L-3 Communications (NYSE: LLL) announced today that it acquired Airborne Technologies, Incorporated (ATI) on August 4, 2010. ATI provides highly specialized aeronautical engineering expertise, manufacturing and operations support for unmanned aircraft systems (UAS). Headquartered in Ashburn, Va., ATI's products are applicable to the intelligence, defense and commercial aerospace communities. The terms of the transaction were not disclosed.

The acquisition was structured as an asset purchase for income tax purposes. ATIis expected to generate approximately $20 million of sales for the twelve months ending December 31, 2010.

"ATI will enhance L-3's overall position as a UAS solutions provider, adding to our portfolio of platforms, components and technologies available for our customers," said Michael T. Strianese, chairman, president and chief executive officer. "ATI is a leading innovator and platform provider in the small expendable UAS (SEUAS) area, and we look forward to expanding L-3's presence in this emerging, high growth market."

ATI will expand L-3's ability to serve additional key precision engagement market segments, including precision-guided unmanned systems. Currently, ATI is supporting several Department of Defense programs, and the company is a prime contractor in production of an air-launched small expendable UAS. This program will enhance L-3's UAS portfolio and aligns with the company's precision engagement market growth strategy.

Source : L-3 Communications Holdings Inc. (NYSE: LLL)