NEW YORK--(BUSINESS WIRE)--Jul. 29, 2009--
L-3 Communications (NYSE:LLL) announced today that it has adjusted the
conversion rate for its 3% Convertible Contingent Debt Securities
(CODES) due 2035 (CUSIP Numbers: 502413AW7 and 502424AE4; ISIN Numbers:
US502413AW73 and US502424AE49) (the “Securities”) in connection with the
regular quarterly dividends of $0.30 per share of the Company’s Common
Stock paid on each of September 15, 2008 and December 15, 2008 and the
regular quarterly dividends of $0.35 per share of the Company’s Common
Stock paid on each of March 16, 2009 and June 15, 2009.
The new conversion rate is 9.9862 shares of Common Stock of the Company
per $1,000 principal amount of the Securities, effective for conversions
on or after July 29, 2009.
Notices of the conversion rate adjustment have been delivered to holders
of the Securities in accordance with the terms of the Indenture
governing the Securities.
Headquartered in New York City, L-3 Communications employs over 66,000
people worldwide and is prime contractor in aircraft modernization and
maintenance, C3ISR (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 2008 sales of $14.9 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 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.
Source: L-3 Communications
L-3 Communications
Corporate Communications, 212-697-1111
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