Summary of Non-Employee Director Compensation

by L-3 Communications
July 14th, 2006

Exhibit 99.1

Summary of Non-Employee Director Compensation

•  Retainers:
•  Annual retainer for Board service: $50,000
•  Annual retainer for the Chairman of the Audit Committee: $15,000 (increase from $7,500)
•  Annual retainer for the Chairman of the Compensation Committee: $7,500 (increase from $5,000)
•  Annual retainer for the Chairman of the Nominating/Corporate Governance Committee: $7,500 (increase from $5,000)
•  Annual retainer for the Chairman of the Executive Committee: None
•  Annual retainer for the Chairman of the Search Committee: $100,000 per annum, payable monthly
•  Annual retainer for the Non-Employee Chairman of the Board: $50,000 per annum, payable quarterly
•  Meeting Fees:
•  Board:    $1,500
•  Audit Committee: $2,000
•  Compensation Committee: $1,500
•  Nominating/Corporate Governance Committee: $1,500
•  Executive Committee: $1,500
•  Search Committee: $1,500
•  Telephonic meeting fee:     $1,000

All retainers and meeting fees will be payable in cash, shares of the Company’s common stock or a combination thereof determined in advance. Directors are encouraged to accept a minimum of $10,000 of their compensation in common stock.

•  Equity Compensation – Target an annual value from stock options ($90,000)
•  Actual stock options awarded would be determined annually based on intended value, rather than be a set number of options.
•  Stock Ownership Guidelines – Implement stock ownership guidelines to communicate share ownership expectations for existing and future non-employee directors.
•  3X times annual retainer ($150,000 in total)
•  Directors have 5 years from implementation or date of director's election (whichever is later) to satisfy guidelines.
•  Non-compliance after 5 years will result in cash retainer being paid in L-3 shares that cannot be sold until requirement is satisfied.