L3 WESCAM has reason to celebrate as it was recently announced that we have won our largest contract in our history. Valued at $454 Million, the 5-year ID/IQ contract includes modernizing a fleet of Shadow RQ-7B UAVs belonging to the U.S. Army with our MX-10D EO/IR and lasing sensor systems.The US Army has selected our MX-10D as their preferred EO/IR/LD (Electro-Optic/Infrared/Laser Designator) sensor based on the demonstrated in-field performance and reliability of our next-generation sensor technology. This new technology includes the enhanced high-resolution HD imagery, improved geo-location precision and extended long-range target designation capability that the US Army requires to execute their missions.
“We are proud to have our newest EO/IR technology as part of the U.S. Army Shadow program”, said Matt Richi, President of L3 WESCAM USA, “For over 44 years, we’ve worked with the U.S. Army to maintain their competitive advantage in ISR missions across a variety of platforms. This important upgrade will ensure they keep that advantage in the years ahead.”
Thank you to the U.S. Army for trusting L3 WESCAM to deliver this important capability. Please read the issued press release below from L3 Technologies for more details.
L3 to Deliver Modernized ISR Sensors With Next-Generation Accuracy
WESCAM MX-10D selected for the U.S. Army’s Shadow UAV
NEW YORK, September 08, 2018 – L3 Technologies (NYSE:LLL) announced today that has been awarded an indefinite-delivery/indefinite-quantity (ID/IQ) contract valued at up to $454 million from the U.S. Army for the next-generation WESCAM MX™-10D electro-optical, infrared and laser designator (EO/IR/LD) sensor suite. These modernized ISR systems operate from the Army’s Tactical Unmanned Air Systems Shadow UAV (RQ-7Bv2) and provide an advanced capability to collect critical information for use by all members of an air-ground maneuver team. This is a five-year contract with option for the U.S. Army to extend to an additional five years.
“L3’s WESCAM imaging and targeting turrets deliver the highest-precision situational awareness to our customers to help them overcome emerging regional and global threats,” said Christopher E. Kubasik, Chairman, Chief Executive Officer and President. “We are focused on developing new state-of-the-art multi-domain C6ISR technologies in support of the U.S. Army’s Modernization Strategy.”
“The MX-10D is proven and successfully operational on the Shadow,” added Jeff Miller, Corporate Senior Vice President and President, ISR Systems. “This win secures L3’s prime position on a major platform in the UAV space and expands our growth opportunities for EO/IR international users considering surveillance and targeting upgrades.”
L3 will continue to invest in research and development as the U.S. Army will be evaluating options for their next generation Future Tactical Unmanned Aerial System (FTUAS) program, the replacement for Shadow targeted for 2025.
L3 Technologies is an agile innovator and leading provider of global ISR, communications 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.
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.
Notes to Editor: This $454 Million ID/IQ Contract for the U.S. Army Shadow UAV Program is the largest ISR contract in history of L3 WESCAM. L3 WESCAM and L3 WESCAM USA currently operate over 4,400 MX systems worldwide in over 80 countries. These ISR systems operate across air, land and maritime domains and have been the eyes of over 190 different platforms. There are also 14 WESCAM Service Centers and Depots around the world.