L-3 Communications Initiates Redemption of All of Its Remaining Outstanding 6⅜% Senior Subordinated Notes Due 2015

L-3 Communications Holdings LLL announced today that L-3 Communications Corporation, its wholly owned subsidiary, has initiated a redemption of its remaining outstanding $250 million of 6⅜% Senior Subordinated Notes due in 2015 (the “Notes”). The Notes will be redeemed on October 15, 2012 (the “Redemption Date”), at a redemption price of 101.063% of the principal amount thereof, plus accrued and unpaid interest, to but not including the Redemption Date. On or before October 15, 2012, the Notes should be presented to The Bank of New York Mellon, as paying agent for the redemption, at the address set forth in the Notice of Redemption for the Notes. The Notice of Redemption for the Notes was sent to all registered holders on September 13, 2012. Interest on the Notes will cease to accrue on and after the Redemption Date and the only remaining right of holders of the Notes is to receive payment of the redemption price upon surrender to the paying agent, plus accrued and unpaid interest, to but not including the Redemption Date. In connection with the redemption of the Notes, the company will record a debt retirement charge of approximately $5 million ($3 million after income taxes, or $0.03 per diluted share) in the fourth quarter of 2012.