Pemco and L-3 to upgrade avionics on Navy aircraft

BIRMINGHAM, Ala., 11 July 2005. Pemco Aeroplex announced today that it is part of an L-3 Communications team that has been awarded a contract from the U.S. Navy to sustain the P-3 Orion maritime patrol and antisubmarine warfare aircraft.

Jul 11th, 2005

BIRMINGHAM, Ala., 11 July 2005. Pemco Aeroplex announced today that it is part of an L-3 Communications team that has been awarded a contract from the U.S. Navy to sustain the P-3 Orion maritime patrol and antisubmarine warfare aircraft.

The award teams Pemco Aeroplex with L-3's Integrated Systems subsidiary for the Navy's P-3 Sustainment, Modification and Improvement Programs.

Pemco and L-3 will perform phased depot maintenance, special structural inspections/repairs, and selected avionics modifications for the Navy. The contract is for one base year with four option years. The contract has a $104 million base year ceiling against which task orders will be issued.

While the KC-135 has been the mainstay of business in the last 10 years for Pemco, the company has a long history of maintenance on a wide-range of military aircraft and has previously worked on the P-3.

"We have been eagerly anticipating this award since the announcement of our partnership with L-3," said Ron Aramini, president and CEO of Pemco Aviation Group, Inc.

"We believe that our teaming efforts to provide the U.S. Navy a reliable, cost effective solution have been recognized. As a leader in this industry, Pemco has the background and history of providing reliable, on-time and quality maintenance on military aircraft. We believe the U.S. Navy is getting the best quality and value for its money with this team. Our strategy for growth and diversification of our revenue base through teaming with major prime contractors is gaining momentum."

L-3 Communications Integrated Systems is an SEI CMM Level 5 software developer and integrator of complex electronic systems for intelligence, surveillance and reconnaissance (ISR) missions. Headquartered in Greenville, Texas, L-3 IS operates from major sites in Austin and Waco, Texas; Madison, Miss.; Lexington, Ky.; Tulsa, Okla.; Easton, Md.; Newport News, Va.; and Canberra, Australia.

Headquartered in New York City, L-3 Communications is a leading provider of Intelligence, Surveillance and Reconnaissance (ISR) systems, secure communications systems, aircraft modernization, training and government services and is a merchant supplier of a broad array of high technology products. Its customers include the Department of Defense, Department of Homeland Security, selected U.S. Government intelligence agencies and aerospace prime contractors.

Pemco Aviation Group, Inc., with executive offices in Birmingham, Ala., and facilities in Alabama and California, performs maintenance and modification of aircraft for the U.S. government and foreign and domestic commercial customers. The company also provides aircraft parts and support and engineering services and full service overhaul and repair for a wide range of aircraft. Pemco Aviation Group also develops and manufactures aircraft cargo systems, rocket vehicles, control systems and components for the aviation industry. For more information, see www.pemcoaviationgroup.com.

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