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L3 Commercial Training Solutions Signs Commercial Aviation Training and Simulation Contracts Valued at More Than $115 MillionL3 Technologies (NYSE:LLL) announced today that its Commercial Training Solutions (L3 CTS (News - Alert)) business secured contracts in 2017 from commercial operators and airline partners worldwide for commercial aviation training, resourcing and simulation solutions valued at more than $115 million. The awards include contracts to deliver airline pilot training programs, airline pilot resourcing, mid-level and classroom devices, and the sale of eight full flight simulators (FFS) to date in this calendar year. "These awards highlight our ongoing commitment to providing comprehensive whole-system solutions that support the growing global demand for qualified commercial pilots," said Michael T. Strianese, L3's Chairman and Chief Executive Officer. "Increasingly, airlines are outsourcing pilot training to support their operational requirements, and L3 CTS delivers a wide range of high-quality, cost-effective and customized training programs that meet their needs across the globe." The contracts feature the integrated spectrum of training, resourcing and simulation solutions that L3 CTS delivers for the commercial aviation arena, which include: Global cadet pilot training and resourcing agreements for airline customers and aspiring pilots:
Commercial pilot training contracts for commercial airlines:
The sale of eight RealitySeven™ FFS and supporting mid-range and classroom evices across a full range of commercial platforms:
L3 Commercial Training Solutions (L3 CTS) is a world leader in providing intelligent total training solutions for pilots and maintainers across a wide range of commercial platforms. L3 CTS provides a full spectrum of state-of-the-art training solutions, including cadet pilot training, airline training, aircrew resourcing, training centers and high-fidelity simulation products. The company is headquartered in Crawley, U.K., and delivers training, resourcing and systems production from global centers in Southampton, Bournemouth and Coventry in the U.K.; Minnesota, Florida and Arizona in the U.S.A.; Hamilton, New Zealand; and Bangkok, Thailand. L3 CTS is part of the company's Electronic Systems business segment. To learn more about L3 CTS, please visit the company's websites at www.L3CTS.com and www.L3AirlineAcademy.com. Headquartered in New York City, L3 Technologies employs approximately 38,000 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 2016 sales of $10.5 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.
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