L3 Technologies, Inc. (NYSE:LLL)
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3 Months : From Oct 2017 to Jan 2018
L3 Technologies (NYSE:LLL) announced today that it has received a
production contract for multiple awards totaling $97 million in support
of the U.S. Army’s Apache Manned/Unmanned Teaming – eXpanded
Capabilities (MUMT-X) helicopter program. By enabling communications and
data teaming between manned and unmanned aircraft, MUMT-X provides the
Apache AH-64E with a transformational warfighting capability that is
significantly more robust, lighter and less expensive than the original
Unmanned Aircraft System (UAS) control system. This award follows the
successful completion of a 2015 MUMT-X communications upgrade contract
in which L3 delivered state-of-the-art systems for high-speed
transmissions of wideband video and data.
“Our performance on the MUMT-X development program illustrates our
commitment to providing innovative technology that meets the needs of
the warfighter,” said Christopher E. Kubasik, L3’s President and Chief
Operating Officer. “This contract award continues L3’s long-term support
of the Apache program and exemplifies our dedication to delivering
As part of this phase of the program, L3 will supply tested and
certified Apache MUMT-X above rotor Unmanned Aerial System (UAS) Receive
(UR) technology solutions to support MUMT operations and
Air-to-Air-to-Ground (AAG) line-of-sight data links. This work will be
executed by L3 Communication Systems-West (L3 CS-West), which is part of
the company’s Communication Systems business segment.
L3 CS-West is a leader in communication systems for high-performance
networks, including intelligence collection, imagery processing and
satellite communications for the U.S. Department of Defense (DoD) and
other customers. The company provides high data rate, wideband, secure,
real-time communication systems for surveillance and reconnaissance. To
learn more about L3 CS-West, please visit the company’s website at www.L3T.com/CSW.
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 1995 Except 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
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