L3 Micreo Awarded Production Contract for Counter-IEDs for Afghanistan
NEW YORK, July 07, 2017 – L3 Technologies (NYSE:LLL) announced today that it was awarded a sustainment contract from the Australian Department of Defence (DoD) for its REDWING counter-improvised explosive device (IED) force protection systems.
L3 will provide the lightweight, handheld GREENGUM version to equip dismounted forces, and the more powerful GREYGUM device for fitting to light vehicles. The total value of this contract is AUS$9.5 million (approximately US$7.1 million), with 34,000 units to be delivered within a 6-month period.
“L3 is committed to providing innovative counter-IED technology in a heightened global threat environment,” said Michael T. Strianese, L3’s Chairman and Chief Executive Officer. “This technology saves lives and helps us build on our strong relationship with the Australian DoD. We continue to focus on delivering technology enhancements to our market-leading force protection systems.”
Sarah Earey, L3 Micreo’s General Manager said, “The REDWING project is an example of Australian industry and defence collaboration, entrepreneurship and innovation to deliver a unique solution that is able to help address a persistent threat in Afghanistan, protecting the country’s soldiers and police from IED attacks.”
Under the Australian DoD’s REDWING program, Micreo and Australia’s Defence Science and Technology developed low-cost, robust and lightweight force protection systems for use in austere operating environments by military and police units. The systems function with minimal operator training and limited logistical support. A significant quantity of these counter-improvised explosive devices have already been produced and extensively deployed to Afghanistan National Defence and Security Forces (ANDSF).
L3 Micreo, which is part of L3’s Sensor Systems business segment, is a world leader in high-quality design and production of RF and photonic products for radar and electronic warfare systems. Located in Brisbane, Australia, L3 Micreo works with customers to design leading-edge product for extreme environments and has installed products in several front-line military aircraft. To learn more about L3 Micreo, please visit the company’s website at www.L3T.com/Micreo.
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 US$10.5 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 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.
