L3 Acquires OceanServer Technolog

Enhances Growth Opportunities With Expansion Into Unmanned Undersea Vehicle Market

NEW YORK--(BUSINESS WIRE)--L3 Technologies (NYSE:LLL) announced today that it has acquired OceanServer Technology, Inc. ("OceanServer Technology"). The acquisition was completed on March 17, 2017, and the terms were not disclosed. The business was renamed L3 OceanServer and will be integrated into the companys Sensor Systems segment.


"As a leading innovator and developer of UUVs, OceanServer Technology provides L3 with a new growth platform that is aligned with the U.S. Navys priorities."
Tweet this
Based in Fall River, Massachusetts, OceanServer Technology develops and manufactures autonomous, lightweight Unmanned Undersea Vehicles (UUVs). Since its inception in 2003, OceanServer Technology has established itself within a growing specialized market, providing highly capable UUVs to a wide array of military, commercial and international customers. The companys products complement L3s existing portfolio of sensor and communication offerings as well as its ISR, anti-submarine warfare and mine countermeasures capabilities.

"OceanServer Technology positions L3 to support the U.S. Navys vision for the tactical employment of UUVs. This acquisition also enhances our technological capabilities and strengthens our position in growth areas where we see compelling opportunity," said Michael T. Strianese, L3s Chairman and Chief Executive Officer. "As a leading innovator and developer of UUVs, OceanServer Technology provides L3 with a new growth platform that is aligned with the U.S. Navys priorities."

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 companys 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 companys website and is readily accessible.

Featured Product

ST Robotics Develops the Workspace Sentry for Collaborative Robotics

ST Robotics Develops the Workspace Sentry for Collaborative Robotics

The ST Robotics Workspace Sentry robot and area safety system are based on a small module that sends an infrared beam across the workspace. If the user puts his hand (or any other object) in the workspace, the robot stops using programmable emergency deceleration. Each module has three beams at different angles and the distance a beam reaches is adjustable. Two or more modules can be daisy chained to watch a wider area. "A robot that is tuned to stop on impact may not be safe. Robots where the trip torque can be set at low thresholds are too slow for any practical industrial application. The best system is where the work area has proximity detectors so the robot stops before impact and that is the approach ST Robotics has taken," states President and CEO of ST Robotics David Sands.