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NEW YORK, NY, December 19, 2001 - L-3 Communications (NYSE: LLL) today announced that its Link Simulation and Training division and STN ATLAS Elektronik Gmbh, a Germany-based subsidiary of Rheinmetall DeTec AG, have formally signed a teaming agreement on future flight simulation projects using advanced laser projection systems.
The agreement provides Link exclusivity to a unique laser projection system, known as AVIOR, and STN ATLAS access to the US military flight simulation market. STN ATLAS expects significant revenue growth from this agreement.
"A primary benefit to military flight simulation through the use of this laser
projection system will be more realistic and reliable visual system solutions that will enhance the training experience," said Jim Dunn, president of Link Simulation and Training. "Military flight simulation users have long required improved visualization to undertake training that can support advanced war fighter readiness."
"Access to the U.S. market has always been a strategic goal for our company," said Dr. Thomas Kuestner, chairman of the Management Board of STN ATLAS Elektronik Gmbh. "The agreement with L-3 Communications means a major step forward for us."
"AVIOR promises outstanding benefits for military flight simulation customers that include high brightness and exceptional contrast of computer generated imagery viewed by pilots during training exercises. This laser projection system, which also supports a low life cycle cost, provides a high performance alternative to existing projectors used in military flight simulators today. STN ATLAS Elektronik GmbH is based in Bremen, Germany. With its Naval Systems, Simulation Systems and Land and Airborne Systems divisions, it is one of the leading European companies in the field of electronics and systems engineering. STN ATLAS is a member of Rheinmetall DeTec AG, which holds 51 per cent of the business shares. The second shareholder is the British aerospace and defense company BAE SYSTEMS with a 49 percent stake.
Link Simulation & Training is a systems integration organization that specializes in delivering and supporting training systems and equipment that enhance operational proficiency. Link's full range of services include conducting front end analysis, program design, course development and production, interactive distance learning, simulator design and production, training implementation, training evaluation, training management and field support. Link has its headquarters operation in Arlington, Tex. and other major bases of operation in Kirkwood, NY, Orlando, Fla., and Broken Arrow, Okla.
Headquartered in New York City, L-3 Communications is a leading merchant supplier of secure communications systems and products, avionics and ocean products, training products, microwave components and telemetry, instrumentation, space and wireless products. Its customers include the Department of Defense, selected U.S. government intelligence agencies, aerospace prime contractors and commercial telecommunications and cellular customers.
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. 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" 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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