L3 Technologies, Inc. (NYSE:LLL)
Historical Stock Chart
1 Year : From Jul 2017 to Jul 2018
– International Partner Will Receive New Capabilities for Border
Security and Defense –
L3 Technologies (NYSE:LLL) announced today that it has been awarded an
approximately $150 million contract from an international country to
provide night vision equipment with next-generation accuracy, including
L3’s Binocular Night Vision Goggles, Holographic Weapon Sights, Light
Weapon Thermal Sights and Advanced Target Pointer Illuminator Aiming
“We are focused on building new relationships and these next-generation
capabilities ensure that our international allies receive the best
technology, equipment and training available,” said Christopher E.
Kubasik, L3’s President and Chief Operating Officer. “L3 continues to
invest in promising new soldier technologies, such as fusion and
augmented reality, to meet the needs of our domestic and international
customers today and into the future.”
Under this contract L3 will deliver solutions that enable dismounted
soldiers to better locate and target operational threats at night and in
adverse weather conditions. The breadth of products delivered under this
contract includes aiming and illumination devices, image-intensified
systems and thermal imaging systems. Work on this contract will be
performed by L3’s Warrior Sensor Systems sector, which is part of the
company’s Sensor Systems business segment.
L3 Warrior Sensor Systems develops and manufactures fully qualified,
advanced night vision and electro-optical systems and components for the
United States military, law enforcement, first responder agencies and
allied nations across the globe. An original and qualified manufacturer
of night vision imaging technology, L3 Warrior Sensor Systems uses the
latest in thermal, image intensifier and fusion technologies to provide
an extensive portfolio of products that enables optimal performance
during the day, at night and in adverse weather. L3 Warrior Sensor
Systems is committed to the quality, reliability and supportability of
all its fielded systems. To learn more, please visit www.L3T.com/warriorsensorsystems.
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/20171220005519/en/
L3 TechnologiesCorporate Communications212-697-1111