EDMONTON, Jan. 22 /CNW/ - L-3 Communications announced today that it is
closing its Spar Aerospace Edmonton facility. The announcement affects 185
employees at the facility, which is no longer viable due to the loss of the
facility's core contract three years ago and a changing competitive
"L-3 regrets that it must close the Edmonton facility, which has been
operating for more than 40 years," said Peter Gartenburg, Vice-President of
Ottawa Operations for L-3 Communications. "Three years ago, the facility lost
its core contract for the maintenance of Canada's fleet of Hercules CC130
aircraft. Since that time, L-3 has done everything in its power to keep the
facility open, including actively sourcing contracts from customers all over
the world. While we have been successful in securing some work, the facility
has not secured enough new business to remain viable."
Employees at the Edmonton facility will receive severance benefits, the
details of which are still being determined. L-3 will of course meet all of
its contractual and statutory obligations to its employees.
L-3 will discuss the situation individually with existing clients in
order to ensure that commitments to them are fully respected.
"We are grateful for the support and dedication of our employees at the
Edmonton facility over the many years that we have been in business there,"
concluded Mr. Gartenburg.
Other Spar Aerospace facilities, activities and obligations are
unaffected by this decision. The decision to close Edmonton has no impact on
other L-3 contracts or businesses in Canada.
About L-3 SPAR
SPAR Aerospace, a division of L-3 Communication Integrated Systems Group
has facilities in Edmonton, Alberta, Trenton, Ontario and Venice, Italy. With
approximately 300 employees across Canada, L-3 SPAR serves customers from
Canada, the United States, Europe, South America, Asia Pacific, Africa and the
About L-3 Integrated Systems
L-3 Integrated Systems (L-3 IS) develops and integrates defense and
commercial technology for U.S. and allied customers worldwide. Headquartered
in Greenville, Texas, L-3 IS has more than five decades of experience in the
development of complex intelligence, surveillance and reconnaissance systems;
command and control; and secure communications. It is recognized
internationally as a systems integration organization specializing in the
modernization and maintenance of aircraft of all sizes. It is a leader in
advanced technologies for signal processing, electronic countermeasures,
sensor development and aircraft self-protection. Systems provided or
maintained by L-3 IS help protect military and civilian personnel, bases,
assets and national borders throughout the world.
About L-3 Communications
Headquartered in New York City, L-3 Communications employs over 64,000
people worldwide and is a prime contractor in aircraft modernization and
maintenance, C(3)ISR (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 2007 sales of $14 billion.
To learn more about L-3, please visit the company's Web site at
www.L-3com.com. L-3 uses its Web site as a channel of distribution of material
company information. Financial and other material information regarding L-3 is
routinely posted on the company's Web site and is readily accessible.
Safe Harbor Statement Under the Private Securities Litigation Reform Act
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," "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.
For further information:
For further information: Daorcey Le Bray, (403) 808-0577