L3 Unveils Advanced Iver Autonomous Undersea Vehicle

L3 Technologies (NYSE:LLL) announced today that its new Iver Precision Workhorse (Iver PW) autonomous undersea vehicle (AUV) will be featured at its exhibit (Booth 2339) at the 2018 Sea-Air-Space Exposition hosted by the Navy League April 9–11, 2018, at the Gaylord National Convention Center in National Harbor, Maryland. The new Iver PW is the first in a family of advanced, highly capable military AUVs to address a wide variety of customer missions, including multi-domain intelligence, surveillance and reconnaissance (ISR), anti-submarine warfare (ASW), seabed warfare and mine warfare.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180409005419/en/

L3 Technologies' Iver Precision Workhorse autonomous undersea vehicle with low-drag side scan and bathymetry transducers. Photo courtesy of L3 Technologies.

“L3 is making strategic investments in advanced C6ISR capabilities that position us as a prime integrator in the emerging undersea market,” said Christopher E. Kubasik, L3’s Chief Executive Officer and President. “Iver PW offers a broad range of innovative technologies to our U.S. Navy and international customers to aid in executing their missions.”

Iver AUVs support a range of military AUV tasks, with longer endurance, enhanced reliability and survivability, multi-sensor support and increased autonomy. With advanced capabilities, the new Iver PW extends critical features that have made the Iver product family the AUV of choice for military and commercial missions.

“The Iver PW demonstrates L3’s ingenuity and customer focus in developing next-generation processing, autonomy and power technologies to enable new capabilities and missions for a real-time tactical advantage in the field,” said Jeff Miller, L3’s Senior Vice President and President of its Sensor Systems business segment.

The company plans to demonstrate other AUV technologies at Sea-Air-Space, including its novel aluminum-water AUV power module developed by L3 Open Water Power for lithium-free safety and extended range, as well as its theatre ASW simulator developed by L3 Adaptive Methods.

Visit L3 in Booth 2339 to view these demonstrations and more.

The Iver PW is developed and manufactured by L3 OceanServer in Fall River, Massachusetts, which is part of the Advanced Programs sector within L3’s Sensor Systems business segment. Since its inception in 2003, L3 OceanServer has sold more than 300 AUVs worldwide, providing highly capable solutions to a broad array of military, commercial and international customers.

Headquartered in New York City, L3 Technologies employs approximately 31,000 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 2017 sales of $9.6 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: https://www.businesswire.com/news/home/20180409005419/en/

L3 TechnologiesCorporate Communications212-697-1111

L3 Technologies, Inc. (NYSE:LLL)
Historical Stock Chart
From Mar 2024 to Apr 2024