L3 Wins EO/IR Contracts Valued at More Than $300 Million in Orders Year-to-Date
September 21 2017 - 10:34AM
Business Wire
L3 Technologies (NYSE:LLL) announced today that its WESCAM
business has won multiple MX™-Series electro-optical/infrared
(EO/IR) product and in-service support contracts year-to-date from
military and airborne law enforcement customers totaling more than
$300 million in orders. This reflects a heightened demand and sales
momentum for L3’s market-leading imaging systems for Unmanned
Aircraft System (UAS) platforms, as well as from Original Equipment
Manufacturers (OEMs) and customers in North and South America,
Asia, Europe, Africa, Australia and the Pacific Rim region.
“We are very pleased that customers around the world look to L3
for the essential ISR technologies required to keep missions moving
forward,” said Christopher E. Kubasik, L3’s President and Chief
Operating Officer. “The collective orders for 2017 reaffirm that we
are not only creating and investing in the right products, but also
that we’re aligning our offerings with our customers’ needs.”
“L3 WESCAM’s MX-Series offers critical EO/IR imaging
capabilities that are mission-proven,” said Jeff Miller, L3’s
Senior Vice President and President of its Sensor Systems business
segment. “We are also committed to providing customers with a
much-valued support infrastructure that maintains the full
functionality of MX products through their life cycle. We expect
this demand to continue through the remainder of the year.”
Increased Demand for Unmanned Aircraft Systems
The demand for L3 WESCAM’s EO/IR turrets for use on board UAS
platforms continued to grow, with more than 60 units ordered for
deployment across six countries. The systems will support worldwide
defense and security missions from six different UAS platforms that
are active across both land and maritime domains. Systems ordered
include surveillance and targeting configurations consisting of the
small and tactical MX™-10 through L3’s largest and most powerful MX
product, the MX™-25.
MX Systems Remain Key Solution Components for Industry
OEMs
L3 was awarded a number of contracts that continue to expand the
company’s presence on industry-leading OEM platforms. By the end of
June, more than 60 MX systems were ordered from a collection of
eight global OEM customers. Fitted to both fixed- and rotary-wing
manned and unmanned platforms, the systems will support EO/IR
surveillance and targeting missions for end users who operate
across 10 different countries. MX systems are
commercial-off-the-shelf products that are delivered on a short
timeline, complete with all the technologies needed to fulfill the
mission profiles required by OEMs and their customers.
Additional Growth for In-Service Support Business
L3 experienced a steady growth of in-service support contracts
from customers that operate military platforms equipped with
MX-Series systems fielded across the U.S. and U.K. One of the
orders included a five-year in-service support plan (one base year
and four option years) for the MX systems procured for the U.S. Air
Force’s AC-130 gunship program. These systems will be maintained
out of several L3 WESCAM Authorized Service Centers (WASCs) located
in the U.S.; the Eglin, Hurlburt and Cannon Air Force Bases; and
the Dahlgren System Integration Laboratory. This is the second
five-year term option the Air Force has executed in support of the
AC-130 gunship program.
L3 WESCAM is a world leader in the design and manufacture of
stabilized, multi-spectral imaging systems. To learn more about L3
WESCAM, please visit the company’s website at www.WESCAM.com.
Headquartered in New York City, L3 Technologies employs
approximately 38,000 people worldwide and is a leading provider of
a broad range of communication, electronic and sensor systems 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 2016 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
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company undertakes no obligation to update these forward-looking
statements.
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