fbpx

L3 Awarded Contract for U.S. Armys Next-Generation Night Vision Goggles

L3 Technologies (NYSE:LLL) announced today that it has been awarded a
three-year, $391 million contract from the U.S. Army Contracting Command
to provide soldiers with true next-generation Binocular Night Vision
Goggles that improve mobility, targeting and maneuverability for ground
forces.

“These advanced night vision capabilities reflect L3’s intense focus on
developing and providing innovative technologies that make our customers
better and more effective in the field,” said Christopher E. Kubasik,
L3’s Chairman, Chief Executive Officer and President. “As the Army
continues to modernize to keep pace with near-peer adversaries, our
agility and experience enable us to move quickly in a heightened threat
environment. We are proud to deliver solutions that strengthen our
collaborative partnerships and help safeguard our national security.”

The Enhanced Night Vision Goggle – Binocular (ENVG-B) includes L3’s
high-performance white phosphor image intensification technology in a
dual-tube goggle, as well as a separate thermal channel for image fusion
and thermal target detection. This technology will increase the ability
to locate and engage threats, and access common operating environment
imagery. The ENVG-B will also include a new high-resolution display and
an embedded soldier wireless personal area network, rapid target
acquisition and augmented reality algorithms to interface with the U.S.
Army’s Nett Warrior. The complete system will interface with the Army’s
next-generation family of weapon sights, while enhancing
interoperability and data sharing.

Headquartered in New York City, L3 Technologies employs approximately
31,000 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 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20180618005519/en/