L3 acquires OceanServer Technology
L3 Technologies of New York, NY announced on April 4 that it has acquired OceanServer Technology, Inc. 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 company’s Sensor Systems segment.
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 company’s products complement L3’s 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. Navy’s 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 Strianese, L3’s 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. Navy’s priorities.”
Source: L3 Technologies