See: New York Stock Exchange : LLL LLLleft lower lobe (of the lung) announced today that it acquired TCS (Transportation Control System) A widely used integrated information system for railroad transportation developed by the Missouri Pacific Railroad Company in the late 1960s and early 1970s.
It was later implemented by Union Pacific when the companies merged. Design and Management Services (TCS) on January 26, 2006. The terms of the transaction were not disclosed. The business, which has been renamed L3 TCS, will report to L3's Integrated Systems Group and will be included in L3's Aircraft Modernization and Maintenance (AM reportable metal prover segment.
The acquisition is expected to add approximately $45 million to L3's sales in 2006 and be slightly accretive to L3's earnings. Air Force Special Operations community. Army. TCS also has a major facility in Fort Walton Beach, Florida Fort Walton Beach is a city in Okaloosa County, Florida, United States. Census Bureau. Walton Beach is a year round fishing and beach resort.
Founded in 1988, TCS has nearly two decades of experience with special operations forces Those Active and Reserve Component forces of the Military Services designated by the Secretary of Defense and specifically organized, trained, and equipped to conduct and support special operations.
Also called SOF. (SOF) service, including aircraft and avionics systems hardware and software integration, china lpg dispenser test and evaluation and program office support, as well as reliability and maintainability and integrated logistics support A composite of all the support considerations necessary to assure the effective and sliding vane pump economical support of a system for its life cycle. It is an integral part of all other aspects of system acquisition and operation. Also called ILS. . Navy), MH53J, H1, CV22, H3, C130 (and its variants), C141, DHC6, DHC7 and DHC8 air platforms.
"TCS strengthens L3's capabilities as a provider of critical services and products to our important SOF customer," said Frank C. Lanza, chairman and chief executive officer of L3 Communications. Special Operations Command A subordinate unified or other joint command established by a joint force commander to plan, coordinate, conduct, and support joint special operations within the joint force commander's assigned operational area. Also called SOC. See also special operations.
Mr. Lanza also noted that TCS' capabilities are in the fastgrowing SOF niche of aircraft sustainment and that the business has a strong reputation within the customer community. "TCS has a skilled workforce with legacy SOF expertise and knowledge of important missions, particularly Big Safari, which is an existing L3 program. Along with expanding our presence in the SOF market, the acquisition also increases the market opportunities available to TCS as a part of L3."
"This is a vertical acquisition in a strong segment and adds substantial horizontal programs to the SOF niche," continued Mr. Lanza. "Being part of L3's substantially larger base and market penetration, TCS will help maintain our own organic growth in out years."Headquartered in New York City New York City: see New York, city. New York City.
City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. , L3 Communications is a leading provider of Intelligence, Surveillance and Reconnaissance Intelligence, Surveillance and Reconnaissance may refer to: the US Joint Command see'' Joint Functional Component Command for Intelligence, Surveillance and Reconnaissance. the military term, see'' Intelligence, Surveillance, Target Acquisition, and Reconnaissance.
(ISR) systems, secure communications systems, aircraft modernization, training and government services. The company is a leading merchant supplier of a broad array of high technology products, including guidance and navigation, sensors, scanners, fuzes, data links, propulsion systems, simulators, avionics, electro optics, satellite communications, electrical power equipment, encryption, signal intelligence, antennas and microwave components. L3 also supports a variety of Homeland Security initiatives with products and services. Its customers include the Department of Defense, Department of Homeland Security Noun 1. Government intelligence agencies and aerospace prime contractors.
The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and OF 1995Except for historical information contained herein, the matters set forth in this news release are forwardlooking 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" and similar expressions are forwardlooking statements.
The forwardlooking 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 Forwardlooking Statements included in the company's recent filings, including Forms 10K and 10Q, china lpg flowmeter with the Securities and Exchange Commission. The forwardlooking statements speak only as of the date made, and the company undertakes no obligation to update these forwardlooking statements.
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