L3 Micreo Delivers First Batch of Counter-IED Equipment to Australian DoD

BRISBANE, Australia, May 18, 2018 – L3 Micreo, a division of L3 Technologies (NYSE:LLL), has successfully delivered the first batch of the new SILVERSHIELD vehicle-mounted counter-improvised explosive device (IED) force protection systems this month to Australian Department of Defence (DoD).

The company was awarded the production order in March this year under the REDWING program, with the initial contract valued at AUD$27M (approximately USD$21M) for 13,000 units to be delivered in 2018.

This contract award further demonstrates continued confidence in L3 Micreo by its strategic partners in Australia following investment in new production facilities in Brisbane in 2017.

Sarah Earey, L3 Micreo’s Vice President and General Manager, said: “We’re proud to be producing these life-saving force protection systems under contract to the Australian DoD. The REDWING counter-IED devices previously manufactured by L3 Micreo and currently deployed have proved to be vital in addressing the persistent threat in Afghanistan; this enhanced version of the vehicle-mounted system will continue to save lives.”

Under the REDWING program, L3 Micreo is contracted to support the Australian Defence Science and Technology Group’s development of the enhanced devices to provide an effective, easy to install and use, force protection system for mounting on light vehicles operating in hazardous environments. The systems require no hands-on tuning or maintenance and are designed ready for high volume production. A quantity of prototypes were produced by L3 Micreo and successfully field-tested at the end of last year.

Announcing the award of the production order under the existing contract in March, Australia’s Defence Minister, Senator the Hon Marise Payne, said: “The REDWING program is a well-known example of successful collaboration with industry, and SILVERSHIELD is no exception.

“IEDs continue to be the weapon of choice for insurgents in Afghanistan and due to their nature will likely remain a persistent and evolving threat to the ANDSF. For this reason the REDWING program will continue to develop new product variants to meet this evolving threat.”

Minister for Defence Industry, the Hon Christopher Pyne, added: “SILVERSHIELD’s expedient production demonstrates Australian industry’s ability to meet and surpass the challenge of high volume and time critical manufacturing.”
L3 Micreo Awarded Australian DoD.

Production Contract for Counter-IED Equipment

L3 Micreo, part of L3’s Intelligence & Mission Systems sector within the Sensor Systems business segment, is a world leader in the high-quality design and production of RF and photonic components for radar and electronic warfare subsystems. Located in Brisbane, Australia, L3 Micreo works with customers to design leading-edge products for extreme environments and has equipment installed in several frontline military aircraft. To learn more about L3 Micreo, please visit the company’s website at www.L3T.com/Micreo.

Headquartered in New York City, L3 Technologies employs approximately 31,000 people worldwide and is a leading provider of a broad range of communication, electronic and sensor systems used on military, homeland security and commercial platforms. L3 is also a prime contractor in aerospace systems, security and detection systems, and pilot training. The company reported 2017 sales of $9.6 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.

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