|By Business Wire||
|June 23, 2014 04:55 PM EDT||
L-3 Communications (NYSE:LLL) announced today that it has received two prestigious James S. Cogswell Outstanding Industrial Security Achievement Awards from the U.S. Department of Defense, Defense Security Service (DSS). L-3’s corporate headquarters as well as its Fuzing & Ordnance Systems (FOS) division were selected as two of 40 recipients of this year’s award from a field of 13,300 cleared defense contractors.
Since 2005, L-3 has been recognized with 17 Cogswell Awards for industrial security excellence – the highest honor a company can receive in the handling of classified information. This is the 10th consecutive year that L-3 has received at least one Cogswell Award for outstanding security practices.
“In the current industry environment, outstanding security practices are a critical business discriminator and across L-3 we strive to not only meet, but exceed the DoD’s compliance requirements and deliver a sustained level of security excellence,” said Michael T. Strianese, chairman, president and chief executive officer of L-3. “For many years, L-3 business units have earned superior ratings from DSS, which reflects our company-wide commitment to industrial security. This year, I am particularly proud that our headquarters office has received a Cogswell Award, along with our FOS business, which is a major contributor to national security and our military forces.”
The Cogswell Award selection process is both competitive and rigorous, requiring nominated facilities to clearly demonstrate a consistent and ongoing degree of excellence and innovation in security program management and oversight. A national review team is responsible for consolidating and ranking the thoroughly vetted nominees, and DSS makes the final award selections.
Headquartered in New York City, L-3 employs approximately 48,000 people worldwide and is a prime contractor in aerospace systems and national security solutions. L-3 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 L-3, please visit the company’s website at www.L-3com.com. L-3 uses its website as a channel of distribution of material company information. Financial and other material information regarding L-3 is routinely posted on the company’s website and is readily accessible.
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.