L3 Acquires OceanServer Technology
L3 Technologies informed that it has acquired OceanServer Technology, Massachusetts-based manufacturer of autonomous unmanned undersea vehicles (UUVs) .
The business was renamed L3 OceanServer and will be integrated into the company’s Sensor Systems segment.
“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 T. Strianese, L3’s chairman and chief executive officer.
The parties did not disclose the terms of the acquisition.