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L-3 Interstate Electronics Corporation Awarded $20 Million Dollar USMC Contract for New VideoScout-MC2 RVET Systems
ANAHEIM, CA – February 16, 2010 –L-3 Interstate Electronics Corporation (L-3 IEC), a wholly owned subsidiary of L-3 Communications Corporation (NYSE:LLL), announced today the award of a $20.9 million dollar contract to provide new VideoScout®-MC2 Remote Video Exploitation Terminals (RVET) to the United States Marine Corps. Production of the requested units is underway, with deliveries expected in the spring of 2010.
A portable remote video exploitation and management system, the upgraded VideoScout-MC2 includes digital and CDL-compliant Ku-band transceiver capabilities that provide encryption and secure communications. Additionally, these communication upgrades support DoD ISR Task Force mandates for digital and analog receiver capability over expanded range as well as a Ku-band transceiver. The VideoScout-MC2 comes equipped with the newest version of VideoScout Insyte™ software, allowing users to easily execute numerous functions.
“The VideoScout-MC2 is a powerful tool for critical video exploitation functions,” said Bob Huffman, president of L-3 IEC. “The all new system will be a valuable tool for military personnel, with key capabilities to better leverage captured imagery for on-the-move mission planning, execution and post-mission analysis. We are very pleased to be selected to provide these systems to the USMC.”
The new VideoScout-MC2 is the latest upgrade in the VideoScout product line, a recognized line of leading video exploitation and management solutions for situational awareness. At 10 pounds and fully integrated with receivers, VideoScout-MC2 laptops provide users with the ability to receive, exploit and share video and meta data from L, C, S and Ku analog and digital communication bands used by Unmanned Aircraft Systems (UAS) and other ISR platforms. MC2 supports mapping, mission planning and targeting software, in addition to other government software applications critical to the warfighter, providing a single, compact solution for improved tactical decision-making in real time.
For added capability, the system’s Insyte software allows users to DVR, zoom, annotate, archive, analyze and create derivative video for streaming and disseminating, which improves situational awareness across the battlespace. When integrated with existing Intel systems, VideoScout provides a warfighter anywhere with the capability to manage video and imagery without the need for specialized training, skill sets or resources.
To learn more about L-3’s VideoScout-MC2 Remote Video Exploitation Terminals (RVET), please visit www.iechome.com/pages/products/VideoScout.htm.
Headquartered in New York City, L-3 Communications employs over 66,000 people worldwide and is a prime contractor in aircraft modernization and maintenance, C3ISR (Command, Control, Communications, Intelligence, Surveillance and Reconnaissance) systems and government services. L-3 is also a leading provider of high technology products, subsystems and systems. The company reported 2009 sales of $15.6 billion.
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.
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