L3 Commercial Training Solutions Confirms Launch of London Training Center and Production Facility in 2018
January 09 2017 - 09:15AM
Business Wire
L3 Technologies (NYSE:LLL) announced today that its L3
Commercial Training Solutions (L3 CTS) unit will partner with
Surrey County Council in the United Kingdom on the development and
construction of a purpose-built airline training center and
production facility for the manufacture of aircraft simulators. The
new training facility, to be named L3 London Training Center, is
scheduled to become operational in the second quarter of 2018. This
capital investment reinforces L3’s commitment to the Commercial
Airline Training market. The two new operations, with a combined
volume of more than 150,000 square feet, will be co-located on a
five-acre site in close proximity to London Gatwick Airport.
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The L3 London Training Center will
feature eight RealitySeven™ full flight simulators; fixed-based
simulators; briefing rooms and classrooms; meeting rooms and a
restaurant. The Center's production facility will provide
manufacturing capacity for 30 simulators per year.
“We are very excited to announce this significant milestone for
L3 Commercial Training Solutions,” commented Michael T. Strianese,
L3’s Chairman and Chief Executive Officer. “Our Center of
Excellence will provide increased airline training capacity for our
customers around the globe, as well as serve as an economic
development catalyst for the London Gatwick area and drive
continued sales growth. This investment clearly demonstrates our
commitment to our L3 CTS business and helping airlines address the
growing demand for trained pilots.”
The London Training Center will be equipped with eight
RealitySeven™ full flight simulators; fixed-based simulators;
briefing rooms and classrooms; meeting rooms; and a restaurant. The
production facility will provide manufacturing capacity for 30
simulators per year to meet the growing backlog and demand for L3
CTS products and will include office space for more than 300
employees.
L3 Commercial Training Solutions (L3 CTS) includes L3 Link UK,
L3 CTC Aviation and L3 Aerosim-CTC. It is a world leader in
providing intelligent total training solutions for pilots and
maintainers across a wide range of commercial platforms. L3 CTS
provides a full spectrum of state-of-the-art training solutions,
including ab initio training, airline training, aircrew resourcing,
training centers and high-fidelity simulation products. The Company
has delivered commercial training solutions to customer locations
throughout North America, Europe, Asia, Africa, the Middle East and
the Pacific Rim. L3 CTS is headquartered in Crawley, U.K. and is
part of the Electronic Systems business segment.
Headquartered in New York City, L3 Technologies 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, homeland security and commercial platforms. L3 is
also a prime contractor in aerospace systems, security and
detection systems, and pilot training. The Company reported 2015
sales of $10.5 billion.
To learn more about L3, please visit the Company’s website at
www.L3T.com. L3 uses its website as a channel of distribution of
material Company information. Financial and other material
information regarding L3 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.
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