16 juillet 2018 | International, C4ISR

L3 acquires two information security firms with eye toward multiple markets

By:

ASHINGTON ― L3 Technologies on Wednesday acquired two information security companies, Azimuth Security and Linchpin Labs. The acquisitions are expected to strengthen L3′s C4ISR, cyber defense and combat systems businesses.

The acquired companies, which will become L3 Trenchant, were purchased for approximately $200 million. But “the purchase price is subject to an upward adjustment of up to AUD$43 million (approximately USD$32 million), payable in L3 common stock," according to an L3 news release. This depends on post-acquisition sales from June 30, 2019, to 2021.

The acquisition follows L3′s $540 million sale of Vertex in May.

“These acquisitions sharpen our capabilities, heighten our responsiveness and advance L3's prime position as a C6ISR solutions provider,” said Christopher E. Kubasik, L3's chairman, president and CEO. “We are making targeted investments in cutting-edge technologies and integrating them with existing capabilities to support our domestic and international customers in strategically important business areas.”

In a previous interview with Defense News, Kubasik said the company's acquisition strategy is based on addressing strategic needs and capability gaps. “In several cases after discussions with our customers and looking at the National Defense Strategy, we're looking for different technologies and capabilities” he said. " We look at our strategy, we go out and find things to fill the gaps."

Some of the gaps L3 is looking to fill in the U.S. and overseas are related to underwater unmanned vehicles as well as intelligence, surveillance and reconnaissance platforms. Kubasik said he hopes to capitalize on increased interest in sensor and communication technologies.

“Internationally, we visited customers in Taiwan, Japan, Singapore, Saudi Arabia and the United Arab Emirates,” he said. “There is a lot of entrants, especially in the Mideast for ISR platform[s]. ... And of course that's in our sweet spot.”

Canada-based Linchpin Labs specializes in custom software development and brings experience working with government clients on computer network operations, cross-platform and low-level systems development, and information technology services.

Based in Sydney, Australia, Azimuth Security is an information security consultancy firm that focuses on in-depth software analysis, including threat modeling and design, configuration, and source-code review.

“These pioneering intelligence solutions — the ‘I' in ISR — give our customers an intelligence advantage through next-generation network security and threat mitigation,” said Jeff Miller, L3's senior vice president and head of the firm's sensor systems unit.

https://www.defensenews.com/industry/2018/07/12/l3-acquires-two-information-security-firms-with-eye-toward-multiple-markets/

Sur le même sujet

  • Boeing Super Hornet demonstrates ski-jump launch capability

    21 décembre 2020 | International, Aérospatial

    Boeing Super Hornet demonstrates ski-jump launch capability

    Boeing and the U.S. Navy proved recently that the F/A-18 Super Hornet can operate from a “ski jump” ramp, demonstrating the aircraft's suitability for India's aircraft carriers. The demonstrations, held at Naval Air Station Patuxent River, Maryland, showed that the Super Hornet would do well with the Indian Navy's Short Takeoff but Arrested Recovery (STOBAR) system and validated earlier simulation studies by Boeing. “The first successful and safe launch of the F/A-18 Super Hornet from a ski jump begins the validation process to operate effectively from Indian Navy aircraft carriers,” said Ankur Kanaglekar, India Fighter Sales lead for Boeing. “The F/A-18 Block III Super Hornet will not only provide superior war fighting capability to the Indian Navy but also create opportunities for cooperation in naval aviation between the United States and India.” The Indian Navy is evaluating its fighter options. If it selects the Super Hornet, it would benefit from billions of dollars invested in new technologies by the U.S. Navy and others. Those technologies include advanced networking, longer range through conformal fuel tanks, infrared search and track, and a new advanced cockpit system. “This milestone further positions the Block III Super Hornet as a versatile next-generation frontline fighter for decades to come,” said Thom Breckenridge, vice-president of international sales for strike, surveillance and mobility with Boeing Defense, Space & Security. “With its proven capabilities, affordable acquisition price, known low documented life-cycle costs and guaranteed delivery schedule, the Block III Super Hornet is ideally suited to meet fighter aircraft requirements of customers in India, North America and Europe.” The ski jump demonstrations follow the delivery of two Block III flight-test aircraft to the U.S. Navy in June. Boeing is on contract to deliver next-generation Block III capabilities to the U.S. Navy beginning in 2021. The Super Hornet provides the most weapons at range in the U.S. Navy's fighter inventory, including five times more air-to-ground and twice the air-to-air weapons capacity. Boeing is the world's largest aerospace company and leading provider of commercial airplanes, defense, space and security systems, and global services. As a top U.S. exporter, the company supports commercial and government customers in more than 150 countries and leverages the talents of a global supplier base. Building on a legacy of aerospace leadership, Boeing continues to lead in technology and innovation, deliver for its customers and invest in its people and future growth. https://skiesmag.com/press-releases/boeing-super-hornet-demonstrates-ski-jump-launch-capability/

  • SideWinder APT Strikes Middle East and Africa With Stealthy Multi-Stage Attack

    17 octobre 2024 | International, C4ISR, Sécurité

    SideWinder APT Strikes Middle East and Africa With Stealthy Multi-Stage Attack

    SideWinder APT launches stealthy multi-stage attacks, deploying StealerBot malware against critical entities in the Middle East and Africa.

  • U.S Army awards USD 1.498 Billion IDIQ Crows contract to Kongsberg

    1 novembre 2022 | International, Terrestre

    U.S Army awards USD 1.498 Billion IDIQ Crows contract to Kongsberg

    These systems are in-service within every branch of the U.S. military and many US agencies, providing protection for soldiers within combat vehicles, facilities, and vessels

Toutes les nouvelles