Polaris Awarded 7-Year Contract To Build U.S. Special Operations Newest Vehicle

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  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

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  December 3, 2020 | International, Land

  JLTV: New $911M Order Strengthens Oshkosh’s Hand For Recompete

  With 9,500 Joint Light Tactical Vehicles already delivered, the Army was running out of room on its existing contracts, so it just ordered another 2,738 from Oshkosh. That'll keep production going through a re-competition scheduled for 2022. By SYDNEY J. FREEDBERG JR.on December 02, 2020 at 4:49 PM WASHINGTON: The Army's already shared Oshkosh's Joint Light Tactical Vehicle design with rival companies, who hope to take over the program when a new competition is held in 2022. But, having announced a new $911 million order just yesterday, Oshkosh Defense is confident that it'll fend off all challengers and keep building JLTVs for years to come, general manager George Mansfield told me this morning. “This contract really shows how the Joint Program Office feels about Oshkosh,” Mansfield said. “They're very confident we build a good quality product, [and] we are on time and under budget so far.” In fact, Mansfield said, Oshkosh JLTVs were coming in so much under budget that the military was able to buy more vehicles in less time than the original contract anticipated. (And it did so despite cuts to the JLTV budget in recent years). That's why the Army — which runs JLTV on behalf of all the US armed services and seven foreign customers from Belgium to Brazil — had to issue the new contract this fall. You see, in 2015, when Oshkosh beat aerospace titan Lockheed Martin and Humvee manufacturer AM General, the Army issued a production contract with a maximum value of $6.7 billion and a maximum quantity of 16,901 vehicles. That contract was supposed to last eight years, through 2022. Before it ran out, the Army would hold a new competition, open to all comers, with the winner – perhaps Oshkosh, perhaps a rival – getting a new contract to build JLTVs after 2022. But Oshkosh kept selling JLTVs more cheaply than the 2015 contract had assumed. That meant the military could buy more vehicles more quickly, even with a reduced budget for JLTV. That meant, in turn, that it ran up against the 2015 contract's 16,901-vehicle maximum this fall, two years ahead of schedule. So, to keep production going, the Army issued the new contract: an additional $911 million for 2,738 more JLTVs, plus 1,001 trailers and other kit. That brings the total on order to 18,073 JLTVs, of which over half – about 9,500 – have already been delivered. What does a JLTV cost? That's tricky. Oshkosh doesn't divulge exact prices. The government's estimated Average Procurement Unit Cost per JLTV is $395,000 (once adjusted for inflation; it's $365,000 in 2015 dollars). If you just divide the dollar value of the new contract by the number of vehicles, the average cost per JLTV has fallen below $333,000. But the actual price per JLTV is actually a lot lower than that, because these contracts always include trailers, specialized mission equipment for different JLTV variants, spare parts and support. The new contract allows the Army to order additional JLTVs through November 2023. That keeps production going through the re-competition, which is scheduled to award a contract in the second half of 2022. Now, the re-compete is not about picking a new design. Instead, it's about giving the Army the option to pick a new manufacturer for the existing design. Under the terms of the original 2015 contract, the government bought the Technical Data Package that shows you how to build a JLTV and can give that data to any company it likes. In fact, several potential competitors have not only gotten the data package, they've actually leased JLTVs so they can reverse-engineer them. But while competitors now have the JLTV design, they don't have Oshkosh's facilities, workforce or their years of experience actually building it. “We've been manufacturing this vehicle for five years,” Mansfield told me. “We know how it's designed because we designed it, we know how to manufacture it, we've got a strong supply base. So I think we're in a very good position.” https://breakingdefense.com/2020/12/jltv-new-911m-order-strengthens-oshkoshs-hand-for-recompete

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  June 27, 2018 | International, C4ISR

  US military aims for $1 billion missile defense radar in Hawaii

  By: Audrey McAvoy, The Associated Press HONOLULU — The U.S. military wants to install missile defense radar in Hawaii to identify any ballistic missiles that are fired from North Korea or elsewhere, officials said Tuesday. The $1 billion system would spot warheads on missiles headed for Hawaii and other U.S. states, and provide that information to ground-based interceptors in Alaska designed to shoot them down. It would be able to distinguish warheads from decoys that are designed to trick missile defense systems. The radar would help give the Alaska missiles “better eyes,” said Sen. Brian Schatz, a Democrat from Hawaii and a supporter of the project. So far, lawmakers have appropriated $61 million for planning but not funds for construction. Schatz, who serves on the defense subcommittee of the Senate Appropriations Committee, said he doesn't have much doubt about the likelihood of follow-on funding. The radar would be about 30 to 50 feet wide and 60 feet to 80 feet high, according to the Missile Defense Agency. It will likely to have a flat-face surface like one in Shemya, Alaska, instead of a ball-like appearance of other military radar. Experts say the larger the face, the more precisely it will be able to distinguish between warheads and decoys. The agency is studying two possible locations for the radar, both of which are on Oahu's North Shore. It's collecting public comment through July 16. Schatz said lawmakers discussed the radar with the previous commander of U.S. forces in the Pacific, Adm. Harry Harris, who recently retired and has been nominated to be the U.S. ambassador to South Korea. “We already have robust capabilities, but working with Admiral Harris, we wanted to double down and make sure we have the most powerful combination of missile interceptors and radar systems anywhere,” Schatz said in a phone interview. The radar would help identify long-range ballistic missile threats mid-way through flight. David Santoro, a director and senior fellow for nuclear policy at the Pacific Forum think tank in Honolulu, said threats from North Korea were increasing as Pyongyang developed more sophisticated missiles and nuclear weapons. “Over the past few weeks, we have seen a so-called peace initiative developing, but the reality is the threat is still there. It's not going away,” Santoro said. The U.S. would be expected to build a radar system to counter the threats, he said. U.S. concerns about the threat from North Korean missiles spiked last year as North Korea test-fired long-range missile over Japan and threatened to launch ballistic missiles toward the Guam, a major U.S. military hub in the Pacific. President Donald Trump warned the U.S. military was “locked and loaded, should North Korea act unwisely” and that the U.S. would unleash “fire and fury” on the North if it continued to threaten America. But then Trump and North Korea's leader, Kim Jong Un, met in Singapore earlier this month and issued a declaration agreeing to “work toward complete denuclearization of the Korean Peninsula.” The statement did not define a process, say when it would begin or say how long it might take. https://www.militarytimes.com/news/your-military/2018/06/27/us-military-aims-for-1-billion-missile-defense-radar-in-hawaii/