L3 Achieves Record-High ISR Sensors Orders
June 16 2019 - 7:00AM
Business Wire
L3 Technologies (NYSE:LLL) announced today that its WESCAM
business continues to make history as it moves through its second
quarter of 2019.
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L3 WESCAM supports global customers with
industry-leading technology and solutions across air, land and sea
domains. (Photo: Business Wire)
Its first quarter of the year ended with record-high orders of
more than $120 million in contracts for its MX™-Series
electro-optical/infrared (EO/IR) sensors, mission system solutions
and in-service support. This order milestone complements its 2018
landmark year-end, where the company received over $500 million in
orders – making it the largest year in WESCAM’s history.
“Our ISR Systems segment has done an exceptional job at growing
its business by fostering innovation and facilitating collaboration
across the L3 enterprise,” said Christopher E. Kubasik, L3’s
Chairman, Chief Executive Officer and President. “Our
industry-leading technologies and mission system solutions enable
L3 to help solve the defense and security challenges of our
customers in a competitive and extremely agile way.”
“This record-high performance illustrates our commitment to
providing the innovative and time-sensitive technology needed to
meet the requirements of today’s warfighter,” said Jeff Miller,
L3’s Senior Vice President and President of its ISR Systems
business segment. “With our exceptional program execution,
industry-leading customer support and targeted strategy of
disciplined growth, we are excited to announce that we captured
half a billion dollars in orders for the first time in our
history.”
L3 WESCAM continues to experience strong double-digit growth
year-over-year, driven by key wins across air, land and maritime
domains. It has experienced an increased demand for EO/IR turrets
used on unmanned aircraft systems in the form of UAS and
aerostats.
Unmanned system orders contributing to the record growth
included one from DrabPol Automotive in Poland to provide 47 MX™-8
EO/IR systems for installation on a new fleet of tactical E-310
Orlik UAVs operated by the Polish Army. The company was awarded an
indefinite-delivery/indefinite-quantity (ID/IQ) contract valued at
up to $454 million from the U.S. Army for its MX™-10D. The sensor
suite will operate from the Army’s Tactical Unmanned Air Systems
Shadow UAV (RQ-7Bv2).
WESCAM has delivered more than 4,600 MX systems globally. These
systems are installed on over 210 platforms across air, land and
maritime domains, and service more than 400 customers in over 85
countries.
Continuing to build its global in-service support network,
earlier this year the company announced a new Korean WESCAM
Authorized Service Center for customers located in South Korea and
the surrounding region. This facility, along with L3’s 13 other
centers, will maintain L3’s MX-Series EO/IR imaging turrets with
regional 24/7 support.
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 2018 sales of $10.2 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
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forward-looking statements. Statements that are predictive in
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