Texas May Get $20 Million Aircraft System Manufacturing Plant

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Researched by Industrialinfo.com (Industrial Information Resources, Incorporated Houston, Texas). L-3 Communications Holdings, Incorporated (NYSE: LLL)(New York, New York) is currently planning to construct a $20 million aircraft manufacturing plant. The company is waiting on final approvals to locate the plant at the Texas State Technical College Airport near U.S. Highway 84 in Waco, Texas. Phase I Construction is anticipated to start during the fall of 2004 and will consist of a 70,000 square foot hangar and warehouse to accommodate huge jets. A general contractor will be selected in 45-60 days after final approvals and designs are completed. Phase II is expected to start in 2005. Initially, 140 jobs will be created and 520 jobs will be created over the next couple of years.

Headquartered in New York City, L-3 Communications Holdings, Incorporated was formed in 1997 from business units that were part of the Loral Corporation and Lockheed Martin merger in 1996. L-3 is publicly traded on the New York Stock Exchange (NYSE: LLL) with sales approaching four billion dollars. L-3 is a leading provider of Intelligence, Surveillance and Reconnaissance (ISR) systems and products, secure communications systems, aircraft modernization, training and government services and a merchant supplier of high technology products. They make secure and specialized systems for satellite, avionics and marine communications. Customers include the Department of Defense, Department of Homeland Security, selected United States government intelligence agencies and aerospace prime contractors. Commercial products include flight recorders (black boxes), display systems, and wireless telecom gear.

Plant - 1063745
PEC - 01009927