Press Release

L3 Chosen by HNA Group to Supply Multiple Full Flight Simulators

NEW YORK--(BUSINESS WIRE)--Mar. 9, 2017-- L3 Technologies (NYSE:LLL) announced today that it has been awarded a contract valued at more than $115 million by HNA Group’s Hainan Sky Plumage Flight Training Co., Ltd to provide 11 full flight simulators and auxiliary training equipment over the next 18 months. This new business award follows the successful delivery of three RealitySeven^™ Airbus A320 full flight simulators and one RealitySeven Boeing 787 full flight simulator to be delivered in the second quarter of 2017 to HNA Group.

“We are pleased to build on our relationship with the HNA Group and look forward to providing our full-service commercial flight training resources,” said Michael T. Strianese, L3’s Chairman and Chief Executive Officer. “L3 is fully committed to supporting the rapidly growing Chinese air transport industry by enabling HNA Group to meet its training requirements as it emerges as an industry leader in the region.”

Under the contract, L3 Commercial Training Solutions (L3 CTS) will deliver RealitySeven full flight simulators for a range of aircraft types, including five Airbus A320s, two Airbus A330s, two Boeing 737 NGs and one Boeing 737 MAX. The simulators will be installed at the recently opened Hainan Sky Plumage Training Center in Haikou, starting in early 2017.

L3 CTS includes L3 Link UK, L3 CTC Aviation and L3 Aerosim-CTC. It 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 ab initio training, airline training, aircrew resourcing, training centers and high-fidelity simulation products. The company has delivered commercial training solutions to customer locations throughout North America, Europe, Asia, Africa, the Middle East and the Pacific Rim. L3 CTS is headquartered in Crawley, U.K., and is part of the Precision Engagement & Training sector within L3’s Electronic Systems business segment.

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.

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.