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OceanServer Technology acquired by L3

06th April 2017 - 15:30 by The Shephard News Team

L3 Technologies has acquired OceanServer Technology, the company announced on 4 April. The business has been renamed as L3 OceanServer and will be integrated into the company's sensor systems segment.

OceanServer Technology provides autonomous, lightweight unmanned undersea vehicles (UUVs) to military, commercial and international customers. The company's products complement L3's sensor and communication portfolio as well as its intelligence, surveillance and reconnaissance, anti-submarine warfare and mine countermeasures capabilities.

Michael T Strianese, chairman and CEO, L3 Technologies, said: 'OceanServer Technology positions L3 to support the US 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.

'As a leading innovator and developer of UUVs, OceanServer Technology provides L3 with a new growth platform that is aligned with the US Navy's priorities.'