As we previously disclosed in our Quarterly Reports on Form 10-Q filed during 2004, effective January 1, 2004, we combined our IMC business into L-3 Government Services, Inc. As a result of this realignment of management responsibilities, a reclassification has been made between our Specialized Products segment and our Training, Simulation & Government Services segment. Also, as we previously disclosed in our Quarterly Report on Form 10-Q for the three months ended September 30, 2004, we changed the name of our Aviation Products & Aircraft Modernization reportable segment to Aircraft Modernization, O&M and Products. The businesses and reporting units that are included in this segment did not change. The table below presents (1) the reportable segment data as reported in our Annual Report on Form 10-K for the year ended December 31, 2003, (2) the IMC reclassification to our reportable segments we made effective January 1, 2004, and (3) the revised presentation of our reportable segments, for the IMC reclassification, which is included in the financial statements in this Form 8-K.


	As Reported									Reclassifications								Revised Presentation
	(In thousands)
	2003			2002			2001			2003			2002			2001		2003			2002			2001
Reportable Segment Presentation
Sales:
Secure Communications & ISR	$	1,440,596		$	1,054,297		$	452,152		$	—		$	—		$	—	$	1,440,596		$	1,054,297		$	452,152
Training, Simulation & Government Services		1,008,596			826,286			597,029			28,758			2,341			—		1,037,354			828,627			597,029
Aircraft Modernization, O&M and Products		1,021,861			677,846			263,450			—			—			—		1,021,861			677,846			263,450
Specialized Products		1,663,596			1,479,996			1,040,753			(29,079	)		(2,341	)		—		1,634,517			1,477,655			1,040,753
Elimination of Intersegment Sales		(73,055	)		(27,196	)		(5,962	)		321			—			—		(72,734	)		(27,196	)		(5,962	)
Consolidated	$	5,061,594		$	4,011,229		$	2,347,422		$	—		$	—		$	—	$	5,061,594		$	4,011,229		$	2,347,422
Operating income:
Secure Communications & ISR	$	172,903		$	103,449		$	31,975		$	—		$	—		$	—	$	172,903		$	103,449		$	31,975
Training, Simulation & Government Services		111,581			96,513			65,715			3,906			330			—		115,487			96,843			65,715
Aircraft Modernization, O&M and Products		147,834			105,680			85,602			—			—			—		147,834			105,680			85,602
Specialized Products		148,703			148,337			92,038			(3,906	)		(330	)		—		144,797			148,007			92,038
Consolidated	$	581,021		$	453,979		$	275,330		$	—		$	—		$	—	$	581,021		$	453,979		$	275,330

The IMC reclassification to our reportable segments noted above did not result in any changes to our consolidated results of operations, financial position or cash flows. Additionally, the IMC reclassification had no effect on the organic sales growth⁽¹⁾ for 2003 or 2002 for our reportable segments because the IMC business was a business that we acquired on November 8, 2002.

We have revised the consolidated financial statements of L-3 Communications Holdings, Inc. and L-3 Communications Corporation (and notes thereto), which were included in our Annual Report on Form 10-K for the year ended December 31, 2003, in a manner consistent with this reportable segment reclassification and name change. These consolidated financial statements (and notes thereto) are attached hereto as Exhibit 99.1. Other than changes to (1) Notes 3, 5 and 18 of the consolidated financial statements to reflect the IMC reclassification on our reportable segments discussed above, and (2) the name of the Aviation Products & Aircraft Modernization reportable segment to Aircraft Modernization, O&M and Products throughout the financial statements, no other changes have been made to the consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2003.


L-3 COMMUNICATIONS HOLDINGS, INC. L-3 COMMUNICATIONS CORPORATION
(Exact Name of Registrants as Specified in Charter)
Delaware
(State or Other Jurisdiction of Incorporation)


(212) 697-1111
(Registrants' Telephone Number, Including Area Code)


	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


⁽¹⁾	Organic sales growth is defined as the current period vs. prior period increase or decrease in sales excluding the increase in sales from acquired businesses.


	Title:	Senior Vice President, Secretary and General Counsel


	Title:	Senior Vice President, Secretary and General Counsel

001-14141
333-46983

13-3937434
13-3937436

(Commission File Number)

(IRS Employer Identification No.)

600 Third Avenue, New York, New York

(Address of Principal Executive Offices)

(Zip Code)