News

L-3 Valmarine has signed a contract with Bergen Group Fosen, to deliver an Integrated Bridge System (IBS) and an Integrated Automation System (IAS) to Fjord Line’s two new cruise ferries. The ships are already under construction and will be delivered in April 2012 and November 2012.

L-3 Valmarine’s scope of supply includes a NAUT-AW compliant NACOS Platinum Integrated Bridge Systems (IBS) and a VALMATIC Platinum Integrated Automation Systems (IAS), controlling Machinery and Power Management. - Both systems are fully integrated via dual redundant system networks and are based on L-3’s latest technology platform.

Fjord Line will with these two new cruise ferries in operation be able to offer daily service on the line between Bergen, Stavanger and Hirtshals.

Fjordline

The ships are equipped with restaurants, cafes, duty-free shops and well-equipped premises for meetings and conferences. The ships are designed by Bergen Group Ship Design and Bergen Group Fosen. Find Falkum Hansen is the architect for the project. He has also been the architect of such Hurtigruten ships Trollfjord and Midnatsol. Fjord Line's new cruise ferries will be equipped with fuel efficient engines and emissions of harmful substances into air and water will be minimal.

The hull of the two cruise ferries to be built at Bergen Group's Polish partner, Stocznia Gdansk. All work with assembly, decoration and finishing of the ships will be taken at Bergen Group Fosen who have solid expertise in the construction of cruise ferries for the international market. The contract with Fjord Line will generate a high level of activity at Bergen Group Fosen until delivery of the last ship in the autumn of 2012.

Finn Inge Langeland portrett webL-3 Valmarine announced today that it has appointed Finn Inge Langeland as its Managing Director. He will report directly to Klaus Lorenz, Vice President of European Operations for L-3 Marine & Power Systems. Mr. Langeland succeeds Ingvald Løvdal, who will manage the Marine Navigation division at L-3 Valmarine.

“We are delighted to welcome Finn to our L-3 Valmarine team,” said Mr. Lorenz. “Finn has a strong industry background and broad management experience to execute our growth strategy.”

Mr. Langeland has more than 15 years of operational management experience in the marine automation market. Prior to joining L-3, he served as the head of hardware and software development at Bjørge Marine Automation. From 2007 to 2010, he served as its managing director and contributed significantly to the development of the company’s worldwide activities.

“I look forward to leading L-3’s Valmarine business,” said Mr. Langeland. “The company has seen a long period of growth and robust financial performance. Along with the rest of the L-3 Marine & Power Systems companies, Valmarine has a diverse product portfolio, excellent market positions and highly skilled people, which provide a firm foundation for additional growth.”

Located in Drammen, Norway, L-3 Valmarine, a division of L-3 Marine & Power Systems, has branch offices in Tampere, Finland, and Bergen, Norway, with representatives in Italy, France, Singapore, the U.S., China and Korea. With a focus on the cruise ship market, L-3 Valmarine is a major supplier of automation and navigation systems for advanced vessels worldwide.

Comprised of 20 operating companies, L-3 Marine & Power Systems (L-3 M&PS) is a worldwide leader in maritime automation and control, navigation, communications, dynamic positioning, and power distribution and conditioning for the U.S. Navy, allied foreign navies and commercial customers worldwide. With over 86 locations in 18 countries, L-3 M&PS is a cohesive, global partner with extensive capabilities and a proven track record in delivering the highest level of technology, service and integration. To learn more about L-3 Marine & Power Systems, please visit the company’s website at www.L-3com.com/MPS.

Headquartered in New York City, L-3 Communications employs approximately 65,000 people worldwide and is a prime contractor in C3ISR (Command, Control, Communications, Intelligence, Surveillance and Reconnaissance) systems, aircraft modernization and maintenance, and government services. L-3 is also a leading provider of a broad range of electronic systems used on military and commercial platforms. The company reported 2009 sales of $15.6 billion. To learn more about L-3, please visit the company’s website at www.L-3com.com.

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.

Subcategories