Press release

L3 to Modernize Avionics for U.S. Air Force C-130Hs

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L3 Technologies (NYSE:LLL) announced today that it has been
competitively awarded the $499 million U.S. Air Force C-130H Avionics
Modernization Program Increment 2 (AMP INC 2). Under the contract, L3
will design, produce and certify a state-of-the-art modernization
solution for a fleet of 176 Air National Guard and Air Force Reserve
C-130H aircraft to improve aircraft availability, reliability and
sustainability while significantly reducing life-cycle costs.

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L3’s avionics and Communications, Navigation, Surveillance/Air Traffic Management (CNS/ATM) upgrade  ...

L3’s avionics and Communications, Navigation, Surveillance/Air Traffic Management (CNS/ATM) upgrade solutions are fully certified for airworthiness and CNS/ATM compliance, and are flying today with U.S. and international customers. (Photo: Business Wire)

“L3 is committed to delivering innovative, cost-effective solutions to
ensure mission readiness in support of the U.S. Air Force’s
modernization strategy,” said Christopher E. Kubasik, L3’s Chairman,
Chief Executive Officer and President. “We are focused on providing an
agile and low-risk approach to modernizing the Air Force’s diverse fleet
of C-130s, enabling these assets to operate well into the future.”

Modernization solutions will include integration of a commercial
off-the-shelf avionics suite, as well as L3’s training integration and
services. Development, initial- and full-rate production will take place
at L3’s facility in Waco, Texas, on multiple C-130H variants, including
the C-130H1, C-130H2, C-130H2.5, C-130H3 and LC-130H.

“L3’s aircraft modernization and modification capabilities are
world-class,” said Jeff Miller, L3’s Senior Vice President and President
of its ISR Systems segment, which includes the Waco facility where work
on the AMP will be centered. “Our skilled workforce and our unique
1.25-million-square-foot facility in Waco will provide differentiated
capabilities for C-130H fleet longevity.”

L3 has more than 65 years of experience as an aircraft systems
integrator, including modernizing avionics for C-130 aircraft in the
U.S. Air Force fleet and for international allies. The company’s
tailored C-130 solutions feature a modern cockpit and open-architecture
solutions that integrate avionics from leading providers, and are fully
certified for airworthiness and Communications, Navigation,
Surveillance/Air Traffic Management (CNS/ATM) compliance.

L3’s aircraft modernization and modification facilities are capable of
retrofit, modernization and production for both fixed- and rotary-wing
aircraft, delivering a broad range of aerospace modification and
integration solutions to keep international military, head-of-state,
government and commercial customers safe and mission-ready. L3 supports
aircraft of all types, sizes and missions, with industry-leading
capability to provide complex aircraft conversions; maritime, ISR,
command and control, and airborne systems missionization; depot fleet
maintenance and modification; and highly customized design, integration
and certification of mission subsystems and interiors.

With headquarters in New York City and approximately 31,000 employees
worldwide, L3 develops advanced defense technologies and commercial
solutions in pilot training, aviation security, night vision and EO/IR,
weapons, maritime systems and space. The company reported 2018 sales of
$10.2 billion.

To learn more about L3, please visit the company’s website at
L3 uses its website as a channel of distribution of material company
information. Financial and other material information regarding L3 is
routinely posted on the company’s website and is readily accessible.

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Except for historical information contained herein,
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