L3 Technologies, Inc. (NYSE:LLL)
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1 Year : From Oct 2017 to Oct 2018
L3 Technologies (NYSE:LLL) will design next-generation communications,
mission planning, autonomy, navigation, cybersecurity and anti-tamper
capabilities for the U.S. Navy’s Extra Large Unmanned Undersea Vehicle,
or XLUUV. L3 will integrate these capabilities throughout the vehicle
and system, which includes a fixed ashore command center, a mobile
command center and forward operating base support systems.
“As part of the Boeing team, L3 is committed to meeting the U.S. Navy’s
urgent operational need with advanced capabilities,” said Christopher E.
Kubasik, L3’s President and Chief Operating Officer. “This contract
demonstrates our ability to integrate a range of unmanned undersea
sensors and systems from across the company and accelerate our undersea
L3’s Sensor Systems and Communication Systems business segments
collaborated to design these innovative capabilities for the XLUUV
program. L3 Adaptive Methods, the newest business of L3’s growing
presence in the unmanned undersea market, is a supporting member of the
“We are developing discriminating unmanned undersea technologies,
including vehicles, communications, power capabilities and sensors, to
stay on the leading edge as the undersea threat evolves over the next
decade,” added Jeff Miller, L3’s Senior Vice President and President of
its Sensor Systems 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, 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
View source version on businesswire.com: http://www.businesswire.com/news/home/20171102005780/en/
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