L-3 to Supply Joint Common Remote Viewing Terminal to U.K. Ministry of Defence
October 24 2016 - 9:00AM
Business Wire
L-3 Communications (NYSE:LLL) announced today that it has been
awarded a contract to provide its ROVER™ family of products in
support of a major new communications program for the United
Kingdom Ministry of Defence (MOD). The Joint Common Remote Viewing
Terminal (JCRVT) will use L-3’s Tactical Network ROVER handheld
transceivers and ROVER 6i transceivers to integrate key U.K.
Intelligence, Surveillance, Target Acquisition and Reconnaissance
(ISTAR) platforms with strike capabilities and maritime platforms.
This capability will enable the exchange of ISR information,
including full-motion video, across the battlespace via a wideband
IP network. The contract value is approximately $23.2 million.
“We have broad expertise in this interoperable, advanced
communications technology, which will be a key component of the
British Land Forces and Royal Navy’s future communications
programs,” said Michael T. Strianese, L-3’s Chairman and Chief
Executive Officer. “The U.K. has always been a significant
international market for L-3, and we look forward to expanding our
partnerships and our footprint with new program positions like
JCRVT.”
The L-3 JCRVT solution is based on the highly successful ROVER
product family, with over 5,000 systems delivered worldwide. It is
designed to be interoperable with current U.K., U.S. and NATO ISTAR
platforms and the recently announced U.K. AH-64 Apache E Block
upgrade and P-8 maritime patrol aircraft. Work will be performed by
L-3 Communication Systems-West, which is part of the Broadband
Communications sector within L-3’s Communication Systems business
segment. The initial contract duration is four years followed by
two three-year options.
L-3 is partnering with Ultra Electronics, based in the U.K.,
which is responsible for repair through an in-country support
facility. This facility aligns with the U.K. MOD’s vision to
provide a common support methodology for multiple users, reducing
logistics and life-cycle support costs.
Headquartered in New York City, L-3 employs approximately 38,000
people worldwide and is a leading provider of a broad range of
communication and electronic systems and products used on military
and commercial platforms. L-3 is also a prime contractor in
aerospace systems. The company reported 2015 sales of $10.5
billion.
To learn more about L-3, please visit the company’s website at
www.L-3com.com. L-3 uses its website as a channel of distribution
of material company information. Financial and other material
information regarding L-3 is routinely posted on the company’s
website and is readily accessible.
Safe Harbor Statement Under the Private Securities Litigation
Reform Act of 1995Except for historical information contained
herein, the matters set forth in this news release are
forward-looking statements. Statements that are predictive in
nature, that depend upon or refer to events or conditions or that
include words such as “expects,” “anticipates,” “intends,” “plans,”
“believes,” “estimates,” “will,” “could” and similar expressions
are forward-looking statements. The forward-looking statements set
forth above involve a number of risks and uncertainties that could
cause actual results to differ materially from any such statement,
including the risks and uncertainties discussed in the company’s
Safe Harbor Compliance Statement for Forward-Looking Statements
included in the company’s recent filings, including Forms 10-K and
10-Q, with the Securities and Exchange Commission. The
forward-looking statements speak only as of the date made, and the
company undertakes no obligation to update these forward-looking
statements.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20161024005184/en/
L-3Corporate Communications212-697-1111
L3 Technologies, Inc. (NYSE:LLL)
Historical Stock Chart
From Aug 2024 to Sep 2024
L3 Technologies, Inc. (NYSE:LLL)
Historical Stock Chart
From Sep 2023 to Sep 2024