L3 Wins ISR Sensors Contracts Valued at More Than $300 Million in First Half of 2018
July 16 2018 - 4:00AM
Business Wire
– Making History With Record-High Sales
–
L3 Technologies (NYSE:LLL) announced today that its WESCAM
business won orders valued at more than $300 million in new
business in the first half of 2018.
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L3’s MX™-Series of systems actively
supports global air, land and maritime missions with leading EO/IR
surveillance and targeting technologies. (Photo: Business Wire)
“L3 WESCAM has a growing pipeline of ISR opportunities and
strong sales momentum on a global scale, and this has been the
strongest orders period in its history,” said Christopher E.
Kubasik, L3’s Chairman, Chief Executive Officer and President.
“WESCAM consistently designs and delivers best-in-class ISR
technologies and solutions to our customers in support of their
advanced C6ISR mission requirements.”
Surveillance and targeting systems within L3’s MX™ product line
are commercial off-the-shelf offerings that can be delivered on an
accelerated timeline, complete with advanced optical and processing
technologies. More than 4,300 MX systems are fielded worldwide
across 80 countries. Systems are mission-proven and operational on
more than 200 different types of platforms, including fixed- and
rotary-wing aircraft, unmanned aerial vehicles (UAVs) and
aerostats, land vehicles, and maritime platforms.
“L3 WESCAM continues to grow into new markets, addressing
expanded customer missions, both domestically and internationally,”
said Jeff Miller, Senior Vice President and President of L3’s
Sensor Systems business segment. “The state-of-the-art ISR
technologies incorporated into our air, land and maritime systems
have resulted in the addition of 16 new customers and four new
platforms during the first half of the year.”
“A key part of our enduring success is tied to our strong
customer support infrastructure,” added Matt Richi, President of L3
WESCAM. “To ensure that MX systems remain operating at maximum
efficiency, the warranty, maintenance and training services we
offer our customers continue to provide 24/7 support anywhere in
the world.”
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.
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