AYER, Mass., July 2, 2014 - L3 Henschel announced today that it was selected by the U.S. Navy's Military Sealift Command (MSC) to provide product support and sustainment services for Henschel Integrated Bridge and Machinery Control products installed on MSC vessels. The five-year indefinite-delivery/indefinite-quantity (ID/IQ) contract has a base value of $2.8 million with a maximum value of $14.7 million, if all options are exercised. The work includes technical and engineering services for critical ship systems on board the T-AO 187/199-class as well as other MSC vessels.
"L3 is very pleased to be selected to support these systems for MSC's critical worldwide maritime missions," said Jon Miller, vice president and general manager of L3 Henschel. "We recognize our customers' growing need to extend the life of their platforms, and our products and support services are specifically designed to provide a cost-effective means to extend product life cycles with maximized operational availability in support of long-term requirements."
For more than 90 years, L3 Henschel, a division of L3 Marine & Power Systems (L3 M&PS), has provided critical products to the U.S. Navy, U.S. Coast Guard, international navies and the shipbuilding industry. L3 Henschel designs, manufactures and provides products and product services for control, navigation, communication and monitoring to serve the full life cycle of today's ships. Learn more about L3 Henschel by visiting the company's website at www.L3T.com/Henschel.
L3 Marine & Power Systems (L3 M&PS) is a worldwide leader in maritime automation and control, navigation, communications, dynamic positioning, and power distribution and conditioning for the U.S. Navy, allied foreign navies and commercial customers worldwide. L3 M&PS is a cohesive, global partner with extensive capabilities and a proven track record in delivering the highest level of technology, service and integration. To learn more about L3 Marine & Power Systems, please visit the company's website at www.L3T.com/MPS.
Headquartered in New York City, L3 employs approximately 48,000 people worldwide and is a prime contractor in aerospace systems and national security solutions. L3 is also a leading provider of a broad range of communication and electronic systems and products used on military and commercial platforms. The company reported 2013 sales of $12.6 billion. To learn more about L3, please visit the company's website at www.L3T.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," "will," "could" 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.
# # #