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  • Monday, May 6, 2024

L-3 Issues Financial Announcement

L-3 (NYSE: LLL) made the following financial announcement:

“(L-3) has adjusted the conversion rate for its 3% Convertible Contingent Debt Securities (CODES) due 2035 (CUSIP Numbers: 502413AW7 and 502424AE4; ISIN Numbers: US502413AW73 and US502424AE49) (the “Securities”) in connection with the regular quarterly dividends of $0.35 per share of the Company’s Common Stock paid on each of September 15, 2009 and December 15, 2009 and the regular quarterly dividends of $0.40 per share of the Company’s Common Stock paid on March 15, 2010 and expected to be paid on June 15, 2010.

The new conversion rate is 10.1074 shares of Common Stock of the Company per $1, 000 principal amount of the Securities, effective for conversions on or after May 17, 2010.

Notices of the conversion rate adjustment have been delivered to holders of the Securities in accordance with the terms of the Indenture governing the Securities.”

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