NEW YORK, September 24, 2018 – L3 Technologies (NYSE:LLL) announced today that it acquired ASV Global, LLC, a leading unmanned surface vessel (USV) and autonomous vessel control systems company on September 20. This acquisition strategically enhances L3’s full spectrum of unmanned maritime capabilities, including integrated anti-submarine warfare (ASW) solutions, future surface combatant unmanned off-board sensors, and integrated unmanned surface and undersea vessel (USV/UUV) operations. The new company will be known as L3 ASV.
“Autonomous capabilities for surface ships and undersea vessels are top priorities for our naval and commercial maritime customers, and we are increasing our investments to lead in this strategic growth area and strengthen L3’s position as a leading supplier of maritime solutions,” said Christopher E. Kubasik, L3’s Chairman, Chief Executive Officer and President. “The addition of L3 ASV enables us to deliver both unmanned surface and undersea vehicle technologies to an expanded international customer base and take a prime contractor position on major unmanned systems.”
Based in Louisiana and the United Kingdom, L3 ASV delivers surface vessels in a range of sizes, currently from 10 to 42 feet, with proprietary software and control systems and proven unmanned system autonomy architectures. These time-tested capabilities have been demonstrated on multiple vessel types and sizes with over 1,500 operating days of service. Additionally, the company’s autonomy systems are consistent with the International Regulations for Preventing Collisions at Sea, 1972 (COLREGs) published by the International Maritime Organization.
“L3 continues to collaborate on and deliver best-in-class maritime sensor, autonomy, USV/UUV, and command and control technologies,” said Sean J. Stackley, L3’s Senior Vice President and President of its Communications & Networked Systems business segment. “Aligning L3 ASV’s proprietary surface vessel control technology and proven unmanned system autonomy architecture with our already strong UUV capabilities allows us to stay ahead of the curve in helping our customers meet their mission objectives.”
L3 Technologies is an agile innovator and leading provider of global ISR, communications and networked systems, and electronic systems for military, homeland security and commercial aviation customers. With headquarters in New York City and approximately 31,000 employees worldwide, L3 develops advanced defense technologies and commercial solutions in pilot training, aviation security, night vision and EO/IR, weapons, maritime systems and space. 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.
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