L3 Technologies, Inc. (NYSE:LLL)
Historical Stock Chart
1 Year : From Oct 2017 to Oct 2018
L3 Technologies (NYSE:LLL) announced today the award of multiple
contracts relating to the development of Free Space Optics (FSO)
capabilities for U.S. Department of Defense (DoD) and space customers.
FSO technology enables high-bandwidth communication while protecting
signal integrity in a highly contested spectrum environment and is a
proven next-generation solution for high-capacity, over-the-air
“Our continued investment in FSO technologies builds on our leadership
in providing state-of-the-art data links that deliver the most reliable
and secure communications possible for our customers,” said Christopher
E. Kubasik, L3’s President and Chief Operating Officer. “Our focus on
bringing innovation to the space and near-space domains reflects our
strategy of aligning with our customers’ priorities in these markets to
increase their efficiencies and overall mission effectiveness.”
Work on these contracts will be done by L3 Communication Systems-West
(L3 CS-West), which is part of the company’s Communication Systems
business segment. L3 CS-West has been developing robust and reliable FSO
communications since 2007, enabling long- and short-haul transmission
capabilities for enhanced dissemination of large volumes of video and
L3 CS-West is a leader in communication systems for high-performance
networks, including intelligence collection, imagery processing and
satellite communications for the 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 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/20171121005125/en/
L3 TechnologiesCorporate Communications212-697-1111