L-3 Communications Infrared Products Names Jabil 2004 Supplier of the

    Business Editors/High-Tech Editors

    ST. PETERSBURG, Fla.--(BUSINESS WIRE)--March 21, 2005--L-3 Communications Infrared Products (L-3 IP) has named Jabil Circuit, Inc. (NYSE:JBL) its 2004 Supplier of the Year, according to Steve Borges, Jabil's Vice President of Business Development - Americas.
    "L-3 IP isn't our largest customer," Borges said. "But the Jabil team serving L-3 treated its people and products as if it was the most important customer to ever walk through our doors. I'm proud of their work, and delighted that L-3 has rewarded their efforts with this prestigious award."
    Lance Van Hooser, L-3 IP's Director of Supply Chain Management, said that the award was made to recognize the relationship that has evolved between his company and Jabil - and Jabil's "above and beyond requirements" response to L-3 IP's needs.
    "Each year, we grant this award to the one supplier that has demonstrated superior performance and partnership, setting the standard for shaping a total relationship with L-3 IP," Van Hooser said. "Jabil did just that in 2004, clearly distinguishing itself through consistently outstanding performance."
    One example of Jabil's performance was the development of L-3 IP's next-generation Thermal-Eye(TM) image-processing technology, he said.
    "Through circumstances beyond our control, we ended up giving Jabil just six weeks to take this new technology from design through demonstration-ready prototypes," he said. "Almost unbelievably, Jabil delivered. Over the past year, Jabil has contributed to countless successes throughout our business, from new-product launches and production transitions to early supplier co-developments. As a result, the quality of our components has improved and our time-to-market has been reduced."
    L-3 IP has to take much of the credit for the effectiveness of this relationship, said Jabil's Borges. "In every case, they've created top-notch internal teams to work side-by-side with our own people. It's really an ideal relationship, from our point of view; L-3's staff treats us like partners striving towards a mutually developed vision, with every player doing whatever's necessary to ensure the best possible outcome."
    These days, solid partnerships such as this have become essential to success, pointed out Van Hooser.
    "Because customer demands and market conditions are changing more rapidly than ever before," he said, "manufacturers like L-3 are finding themselves in ever greater need of suppliers willing to respond quickly without compromising quality or cost-competitiveness. These are precisely the qualities we've found in this relationship; and we're looking forward to Jabil's continuing contribution to our growth in the months and years to come."

    About Jabil

    Jabil is an electronic solutions company providing comprehensive electronics design, manufacturing and product management services to global electronics and technology companies. Jabil helps bring electronics products to the market faster and more cost effectively by providing complete electronic product supply chain management around the world. With more than 40,000 employees and facilities in 19 countries, Jabil provides comprehensive, individualized-focused solutions to customers in a broad range of industries. Jabil common stock is traded on the New York Stock Exchange under the symbol, "JBL." Further information is available on the company's website: jabil.com.

    About L-3 Communications

    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.

    This news release contains forward-looking statements, including comments regarding the anticipated outlook for our business, our long-term outlook for our company, our industry and our customers. These statements are based on current expectations, forecasts and assumptions involving risks and uncertainties that could cause actual outcomes and results to differ materially. These risks and uncertainties include, but are not limited to: changes in technology; competition; anticipated growth for the acquired business and us and our industry that may not occur; managing rapid growth; managing any rapid declines in customer demand that may occur; our ability to successfully consummate acquisitions; our ability to provide quality services; our ability to service growing markets; risks associated with international sales and operations; retaining key personnel; our dependence on a limited number of customers; the consolidation of our customer base; business and competitive factors generally affecting the electronic manufacturing services industry, our customers and our business; other factors that we may not have currently identified or quantified; and other risks, relevant factors and uncertainties identified in our Annual Report on Form 10-K for the fiscal year ended August 31, 2004, any subsequent Reports on Form 10-Q and Form 8-K and our other securities filings. Jabil disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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CONTACT: Jabil Circuit, Inc., St. Petersburg Beth Walters, 727-577-9749

KEYWORD: FLORIDA INDUSTRY KEYWORD: SOFTWARE LEGAL/LAW AEROSPACE/DEFENSE GOVERNMENT MANUFACTURING SOURCE: Jabil Circuit, Inc.

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