L-3
to Supply Advanced Imaging Equipment to the Republic of Korea’s Air Force
and
Marine Corps
NEW YORK, October 15, 2013 – L-3 Communications (NYSE: LLL) announced today that its Warrior Systems-ALST business has been awarded a contract to deliver state-of-the-art Ground Laser Target Designators (GLTD) to the Republic of Korea (ROK). L-3’s new Scarab system is a modular laser designator equipped with rangefinding and an IR thermal imager, providing accurate target designation during the day, night and in nearly all battlefield conditions. The initial contract value is approximately $30 million with product delivery beginning in mid-2014.
“This important win provides
our customer with a new and advanced capability and demonstrates the ROK’s
confidence in L-3 Warrior Systems’ ability to fulfill global requirements for
technologically advanced sensor fire-control systems, while consistently
meeting cost and schedule constraints,” said Steve Kantor, president of L-3’s
Electronic Systems Group. “It is also a strategic new
business area for L-3, which expands our market share and creates
near-term international opportunities for our advanced imaging
product line.”
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