L3 Technologies acquires UUV-based tech company: OceanServer Technology
NewsApril 05, 2017
NATIONAL HARBOR, Md. L3 Technologies officials announced the acquisition of OceanServer Technology, Inc. at this year's Sea-Air-Space, the Navy League's Global Maritime Exposition. The business unit has been renamed L3 OceanServer and will be integrated into the company?s Sensor Systems segment. The terms were not disclosed.
OceanServer Technology develops and manufactures autonomous, lightweight Unmanned Undersea Vehicles (UUVs). They are based out of Fall River, Massachusetts. The addition of the company’s products complements 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,” says Michael T. 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.”
