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LLL L3 Technologies, Inc.

245.17
0.00 (0.00%)
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Last Updated: 01:00:00
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Share Name Share Symbol Market Type
L3 Technologies, Inc. NYSE:LLL NYSE Ordinary Share
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 245.17 0.00 01:00:00

L-3 to Supply Joint Common Remote Viewing Terminal to U.K. Ministry of Defence

24/10/2016 2:00pm

Business Wire


L3 Technologies, Inc. (NYSE:LLL)
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L-3 Communications (NYSE:LLL) announced today that it has been awarded a contract to provide its ROVER™ family of products in support of a major new communications program for the United Kingdom Ministry of Defence (MOD). The Joint Common Remote Viewing Terminal (JCRVT) will use L-3’s Tactical Network ROVER handheld transceivers and ROVER 6i transceivers to integrate key U.K. Intelligence, Surveillance, Target Acquisition and Reconnaissance (ISTAR) platforms with strike capabilities and maritime platforms. This capability will enable the exchange of ISR information, including full-motion video, across the battlespace via a wideband IP network. The contract value is approximately $23.2 million.

“We have broad expertise in this interoperable, advanced communications technology, which will be a key component of the British Land Forces and Royal Navy’s future communications programs,” said Michael T. Strianese, L-3’s Chairman and Chief Executive Officer. “The U.K. has always been a significant international market for L-3, and we look forward to expanding our partnerships and our footprint with new program positions like JCRVT.”

The L-3 JCRVT solution is based on the highly successful ROVER product family, with over 5,000 systems delivered worldwide. It is designed to be interoperable with current U.K., U.S. and NATO ISTAR platforms and the recently announced U.K. AH-64 Apache E Block upgrade and P-8 maritime patrol aircraft. Work will be performed by L-3 Communication Systems-West, which is part of the Broadband Communications sector within L-3’s Communication Systems business segment. The initial contract duration is four years followed by two three-year options.

L-3 is partnering with Ultra Electronics, based in the U.K., which is responsible for repair through an in-country support facility. This facility aligns with the U.K. MOD’s vision to provide a common support methodology for multiple users, reducing logistics and life-cycle support costs.

Headquartered in New York City, L-3 employs approximately 38,000 people worldwide and is a leading provider of a broad range of communication and electronic systems and products used on military and commercial platforms. L-3 is also a prime contractor in aerospace systems. The company reported 2015 sales of $10.5 billion.

To learn more about L-3, please visit the company’s website at www.L-3com.com. L-3 uses its website as a channel of distribution of material company information. Financial and other material information regarding L-3 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.

L-3Corporate Communications212-697-1111

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