Press Release

L3 Commits $100 Million Investment in U.K.’s Commercial Aviation Industry Through Soon-to-Open London Training Center

FARNBOROUGH, England--(BUSINESS WIRE)--Jul. 16, 2018-- L3 Technologies (NYSE:LLL) announced today that it is investing more than $100 million in its soon-to-open London Training Center, supporting London Gatwick as the epicenter of its worldwide commercial pilot training operations. This significant commitment from L3 is designed to meet increasing airline customer demand and to help address the worldwide shortage of commercial pilots. The investment will ensure that L3 Commercial Aviation continues to provide an industry-leading experience for pilots and cadets, and reflects the U.K.’s crucial role in the industry.

“We are excited to be making this commitment to L3’s operations and presence in the U.K.,” said Christopher E. Kubasik, L3’s Chairman, Chief Executive Officer and President. “In particular, this investment reflects our confidence in the growth and opportunities available in the commercial aviation sector and the need to train new airline pilots across the world.”

Demand at the new facility has been strong, with many customers already confirmed to start training at the London Training Center when it opens in the first quarter of 2019. These include easyJet, WOW air, Norwegian and TUI. The facility will also support L3 Airline Academy cadet training programs.

The London Training Center will also house a production facility capable of manufacturing 30 Full Flight Simulators (FFS) per year. The increased FFS manufacturing capacity will be crucial in allowing the company to meet growing demand for its RealitySeven FFS devices.

“We look forward to opening the doors to our new London Training Center early next year and welcoming both current and new customers, pilots and cadets. Response from customers keen to train their pilots in our state-of-the-art environment has been incredible,” added Robin Glover-Faure, President of Commercial Training Solutions, which is part of L3 Commercial Aviation. “The investment in the London Training Center will support the local region and the wider commercial aviation sector, and will help fuel our ongoing growth.”

When fully operational, the London Training Center will include eight L3 RealitySeven FFS, four high-fidelity L3 Flight Training Devices, eight Flat Panel Trainers, eight classrooms and briefing rooms, as well as the production facility. In total, the facility will be home to more than 350 jobs.

Headquartered in New York City, L3 Technologies employs approximately 31,000 people worldwide and is a leading provider of a broad range of communication, electronic and sensor systems used on military, homeland security and commercial platforms. L3 is also a prime contractor in aerospace systems, security and detection systems, and pilot training. The company reported 2017 sales of $9.6 billion.

To learn more about L3, please visit the company’s website at www.L3T.com. 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.

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: L3 Technologies

L3 Technologies
Corporate Communications
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