05.04.2005 15:31:00
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L-3 Communications Appoints Michael S. Soimar to President of Combat P
Business Editors
NEW YORK--(BUSINESS WIRE)--April 5, 2005--L-3 Communications (NYSE: LLL) announced today that Michael S. Soimar has been appointed president of its Combat Propulsion Systems division. In his new position, Mr. Soimar will be responsible for planning, organizing and managing the development, production and support of five lines of propulsion products; engines, transmissions, turret drives, suspensions and tank components. Mr. Soimar will be based at Combat Propulsion Systems' headquarters in Muskegon, MI.
Prior to his appointment at L-3 Communications, Mr. Soimar served as managing director of General Dynamics Land Systems - Propulsion Systems, which was acquired by L-3 in February 2005. Prior to that Mr. Soimar served as vice president of New Product and Business Development for Rotary Power International (RPI), a developer of stratified charge rotary engines. Mr. Soimar holds a Master of Science Degree in Mechanical Engineering from the Technical University of Bucharest and completed the studies towards his PhD in internal combustion engines.
"Michael brings over 30 years of experience in the propulsion market to this position," said Charles J. Schafer, senior vice president of business operations and president and chief operating officer of the Products Group. "His technical, management and marketing leadership skills will be utilized to both leverage our current product portfolio and position Combat Propulsion Systems properly for future market growth."
Mr. Soimar started his career as a faculty member of the Technical University of Bucharest where, for several years, he taught Applied Thermodynamics and Propulsion Engineering. He has authored more than 25 technical articles for scientific journals, including three SAE papers and four textbooks, and holds three U.S. patents in engineering related fields.
L-3 Combat Propulsion Systems is a recognized market leader in the engineering, design and manufacture of engines, transmissions, suspensions and turret drive systems for combat vehicles, including both tracked and wheeled vehicles.
Headquartered in New York City, L-3 Communications is a leading provider of Intelligence, Surveillance and Reconnaissance (ISR) systems, secure communications systems, aircraft modernization, training and government services and is a merchant supplier of a broad array of high technology products. Its customers include the Department of Defense, Department of Homeland Security, selected U.S. Government intelligence agencies and aerospace prime contractors.
To learn more about L-3 Communications, please visit the company's web site 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. 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.
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CONTACT: L-3 Communications Cynthia Swain, 212-697-1111 or Financial Dynamics Investors: Eric Boyriven / Olivia Pirovano, 212-850-5600 or Media: Evan Goetz, 212-850-5600
KEYWORD: NEW YORK INDUSTRY KEYWORD: HARDWARE AEROSPACE/DEFENSE GOVERNMENT MANAGEMENT CHANGES SOURCE: L-3 Communications
Copyright Business Wire 2005
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