L-3 Receives Award for U.S. Navy Photonics Mast Program
By Business Wire News
By Business Wire News
L-3 Communications (NYSE:LLL) announced today that its electro-optics business, L-3 KEO, was awarded a $48.7 million, competitively bid contract from the Naval Sea Systems Command (NAVSEA) to develop and build a new, slimmer version of its photonics mast for the Block 4 Low Profile Photonics Mast (LPPM) program for use on Virginia-class submarines. Under the terms of the contract, L-3 KEO will perform engineering and design work for the lower-profile mast during the first year, with options to produce up to 29 photonics masts over a subsequent four-year period, as well as engineering services and provisioning item orders with a contract maximum ceiling value of $157 million.
The non hull-penetrating LPPM provides a sleek profile that significantly reduces the signature of the periscope, making it less identifiable as a U.S. Navy submarine because it appears similar to existing periscopes.
“We are extremely pleased to collaborate with the U.S. Navy on the Block 4 LPPM program, which will significantly enhance Virginia-class submarines in deployments around the globe,” said Steve Kantor, president of L-3 Electronic Systems. “This is a great opportunity to build on our long-standing partnership with the Navy by delivering sophisticated imaging technologies to a valued customer with well-defined, mission-critical requirements.”
“We are very pleased to have been selected to provide the U.S. Navy with a photonics mast that combines the enhanced situational awareness capability it wants with the more stealthy footprint it needs to avoid detection in international waters,” said Matthew Richi, president of L-3 KEO. “As the leading submarine imaging provider in the world, we look forward to focusing on the interoperability of our systems to explore export licensing opportunities with international navies.”
Mr. Richi added that KEO plans to develop its LPPM so that NAVSEA can support new construction submarines, as well as retrofits to existing submarines, as part of a continuous modernization program that addresses reliability, performance and affordability.
L-3 KEO is a primary operating division within L-3’s Integrated Sensor Systems (ISS) sector, an organization dedicated to supplying advanced sensor solutions in all domains, providing customers with clarity and confidence to execute their most demanding missions. L-3 KEO develops and manufactures specialized equipment, including submarine photonics systems and periscopes, ship fire control systems, visual landing aids, and ground electro-optical and sensor-cueing systems. Headquartered in Northampton, Mass., L-3 KEO operates U.S. facilities in Vermont, Connecticut and New Jersey, as well as in Bologna and Milan, Italy. L-3 KEO’s products are used by the U.S. military, prime contractors and international nations. To learn more about L-3 KEO, please visit the company’s website at www.L-3com.com/KEO.
Headquartered in New York City, L-3 employs approximately 45,000 people worldwide and is a prime contractor in aerospace systems and national security solutions. L-3 is also a leading provider of a broad range of communication and electronic systems and products used on military and commercial platforms. The company reported 2014 sales of $12.1 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 1995
Except 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.