L3 Successfully Delivers Final Airseeker to U.K. Royal Air Force
September 28 2017 - 9:00AM
Business Wire
– Major Program Milestone Achieved –
L3 Technologies (NYSE:LLL) announced today that it has
successfully delivered the third and final RC-135V/W Rivet Joint
(RJ) signals intelligence aircraft to Britain’s Royal Air Force
(RAF), a milestone marking the completion of the historic U.S. Air
Force (USAF) and U.K. Ministry of Defence (MOD) Airseeker
program.
The three U.K. RJ aircraft form the backbone of the U.K.’s
Airseeker capability, providing new and collaborative intelligence,
surveillance and reconnaissance (ISR) resources in support of
global security missions. Upon touchdown at Royal Air Force
Waddington, Lincolnshire, U.K., the aircraft was formally
transferred to the RAF, completing the hardware deliveries under
the Foreign Military Sales contract valued at approximately $1
billion.
Taken together, the U.K. RJ and USAF RJ aircraft form a combined
fleet of 20 aircraft, and L3 will perform future baseline upgrades
and periodic depot maintenance on the fleet. L3 has also delivered
a station to support ground operations and training systems to
train both operators and maintainers.
“This groundbreaking agreement gives the U.K. access to future
innovative technology and presents a very high level of
interoperability with major coalition partners,” said Christopher
E. Kubasik, L3’s President and Chief Operating Officer. “This
partnership has provided our U.K. allies with an
intelligence-gathering platform that supports near-real-time
on-scene collection, analysis and dissemination capabilities.”
“Analysts have hailed this U.K./U.S. program as the highest
level of intelligence cooperation between the two countries since
World War II,” said Mark Von Schwarz, L3’s Senior Vice President
and President of its Aerospace Systems business segment. “The U.S.
and the U.K. will be closely involved in future maturation of the
Rivet Joint weapon system for at least the next 25 years.”
Under the agreement, the U.K. purchased three Rivet Joint
aircraft for conversion by L3 from KC-135R tankers to the RC-135W
configuration. The first two aircraft were delivered in 2013 and
2015, respectively, and upon gaining their airworthiness
releases.
“The cooperation between L3, the USAF and the U.K. MOD
throughout the Airseeker program has been the key to delivering
aircraft early and fielding the capability ahead of the original
schedule,” said Bill Chrispin, the U.K. MOD’s Airseeker Delivery
Manager.
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
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/20170928005657/en/
L3Corporate Communications212-697-1111
L3 Technologies, Inc. (NYSE:LLL)
Historical Stock Chart
From Mar 2024 to Apr 2024
L3 Technologies, Inc. (NYSE:LLL)
Historical Stock Chart
From Apr 2023 to Apr 2024