News Release
Horne International Subsidiary Signs
5-Year Contract with L-3 Communications
Spectrum Sciences & Software to Provide
Precision Manufacturing Support
Fairfax, VA — August 27, 2007 — Horne International, Inc. (OTCBB: HNIN) today announced that L-3 Communications and Spectrum Sciences & Software, Inc., have reached an agreement for Spectrum to produce precision-manufactured aircraft parts for L-3. Spectrum is a wholly owned subsidiary of Horne International, a leading program engineering and technology solutions company.
The five-year basic ordering agreement includes a two-year base period ending May 8, 2009, with three one-year mutual renewal options.
Spectrum initially will produce flat pattern aircraft parts from customer-provided material on high-precision water-jet machines. These parts will directly support L-3’s current domestic and foreign military aircraft sales requirements. The orders placed over the first nine months of the contract will be ordered at guaranteed minimum monthly levels of work, and Spectrum will rapidly produce, inspect, package, and ship the finished parts back to the customer.
Spectrum provides expertise in the area of national defense, with core capabilities in the design and manufacture of aircraft and munitions support equipment. “Spectrum has an excellent track record of delivering high quality products on time and at competitive prices. This long-term contract with L-3 Communications — the sixth-largest defense company in the United States — is a testament to Spectrum’s past performance under more than 850 contracts,” said Darryl K. Horne, President, Chief Executive Officer and Chairman of Horne International. “We are enhancing Spectrum’s manufacturing capabilities to help it meet future contracting opportunities in support of essential federal government requirements.”
L-3 Communications is a leader and prime defense contractor in intelligence, surveillance and reconnaissance, secure communications, government services, training and simulation and aircraft modernization and maintenance. More information about L-3 can be found at www.L-3com.com.
About Horne International, Inc.
Horne International (OTCBB: HNIN) delivers uniquely engineered solutions that advance some of today’s foremost agendas — winning the war on terrorism, strengthening national security, and fostering environmental sustainability. Service areas include program engineering; technology; manufacturing; maritime and industrial repair; environment, safety, and health; acquisition services; public outreach; and business process engineering. More information can be found at www.horne.com.
Forward-Looking Statements
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements, which are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, risks set forth in documents filed by the company from time to time with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by, or on behalf of, the company, are expressly qualified by these cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
