After security clearance hiccup, Czech Republic selects a contractor for armored vehicle deal

On the same subject

• 

  August 3, 2018 | International, C4ISR

  L3 Announces Business Segment Realignment

  Aerospace Systems and Sensor Systems Combine to Form ISR Systems Segment Mark R. Von Schwarz to Retire NEW YORK--(BUSINESS WIRE)--Aug. 2, 2018-- L3 Technologies (NYSE:LLL) announced today that the company is realigning its business segments to maximize growth and improve its integration and collaboration across the enterprise. Effective immediately, Aerospace Systems will combine with Sensor Systems to form the new Intelligence, Surveillance & Reconnaissance (ISR) Systems segment, which will heighten L3's focus on developing and delivering best-in-class global ISR and signals intelligence (SIGINT) solutions. The segment will be led by Jeffrey A. Miller, corporate Senior Vice President and President of Sensor Systems, and have combined estimated 2018 sales of $4.7 billion. Mark R. Von Schwarz, President of Aerospace Systems, will retire from the company after the transition is complete. L3's Electronic Systems and Communication Systems segments remain unchanged. “We are rapidly transforming L3 for integration and growth by strengthening our technological alignments, which enables us to more effectively build upon our competitive advantages,” said Christopher E. Kubasik, Chairman, Chief Executive Officer and President. “The increased scale of our new ISR Systems segment highlights our attractive position as a Global ISR prime contractor and accelerates our ability to address our customers' increasingly complex needs.” Mr. Kubasik continued, “This business realignment action supports our objective to improve operating margin to 12% for 2019.” The company reaffirms its consolidated 2018 financial guidance provided on July 26, 2018. Commencing in the third quarter of 2018, L3 will report its results under the realigned business segments. 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. View source version on businesswire.com: https://www.businesswire.com/news/home/20180802005210/en/ Source: L3 Technologies L3 Technologies Corporate Communications 212-697-1111 https://www.l3t.com/press-release/l3-announces-business-segment-realignment

• 

  July 22, 2020 | International, Aerospace

  Future combat air continues to drive economic advance across the UK

  July 20, 2020 - The companies involved include Bombardier Belfast, Collins Aerospace in the UK, GE Aviation UK, GKN Aerospace, Martin-Baker, QinetiQ, and Thales UK. This is the first phase of organisations to sign such agreements, with more to be announced. The announcement represents a significant step forward by bringing additional expertise into the Team Tempest project. Team Tempest is a collaboration between BAE Systems, Leonardo UK, MBDA UK, Rolls-Royce and the UK Ministry of Defence, working together to develop game-changing technologies at pace and in an affordable manner. Dave Holmes, Manufacturing Director for BAE Systems' Air sector, said: “We are delighted to have signed the first phase of these new agreements, which are transforming our traditional relationships with partners. We are seeking opportunities to widen the Team Tempest project and bring in the very best of UK capability and expertise, from both inside and outside of defence. They will work alongside us as we seek to develop the generation-defining combat air capability which will help safeguard the security of our nation and our allies to the end of this century. “In addition, by developing the wider industry team, we will help contribute to the retention, growth and investment in a wider world-class UK skills base. Collaborations, with some of the brightest and best across the country, show that Tempest is becoming a truly national endeavour and we are delivering on our promise to take new approaches to drive significant pace and efficiency into the programme.” The companies will now seek opportunities to join forces on established projects and developments with the core Team Tempest partners, bringing the best of British expertise and ingenuity to optimally designing, manufacturing and operating combat air systems through life. Jeremy Quin, the UK Minister for Defence Procurement, said: “Today's announcement demonstrates further progress in delivering the UK's combat air strategy, with more companies collaborating on the future of the UK's Air Defence. This is a highly innovative project based around cutting-edge technology and drawing on a skills base where the UK excels. I am delighted that the success and strengths of Team Tempest are being enhanced through drawing on UK expertise; working with industrial partners and highly capable international team we are configured for future success.” Collectively, the companies will look to support more than 60 technology demonstration activities which are currently underway, which will demonstrate and de-risk world-leading processes and technology in half the time and at significantly lower cost than previous complex combat air programmes. Krisstie Kondrotis, President Defence GKN Aerospace said: “We are very proud to join forces with BAE Systems, key industry partners and the UK MOD to explore collaboration on the Team Tempest programme. This puts GKN Aerospace at the heart of the technology developments needed for the next generation of fighter jet and clearly shows our commitment to the defence market that is a key market for GKN Aerospace.“ View source version on GKN Aerospace: https://www.gknaerospace.com/en/newsroom/news-releases/2020/future-combat-air-continues-to-drive-economic-advance-across-the-uk/

• 

  May 26, 2021 | International, Aerospace

  British ‘Team Tempest’ is itching to enter new fighter design phase this summer

  An announcement by the Ministry of Defence on a contract starting the next phase of work on the British-led Tempest future combat air program is expected in the next few weeks.