L3 Technologies (NYSE:LLL) announced today that its WESCAM business
continues to make history as it moves through its second quarter of 2019.
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L3 WESCAM supports global customers with industry-leading technology and solutions across air, land and sea domains. (Photo: Business Wire)
Its first quarter of the year ended with record-high orders of more than
$120 million in contracts for its MX™-Series electro-optical/infrared
(EO/IR) sensors, mission system solutions and in-service support. This
order milestone complements its 2018 landmark year-end, where the
company received over $500 million in orders – making it the largest
year in WESCAM’s history.
“Our ISR Systems segment has done an exceptional job at growing its
business by fostering innovation and facilitating collaboration across
the L3 enterprise,” said Christopher E. Kubasik, L3’s Chairman, Chief
Executive Officer and President. “Our industry-leading technologies and
mission system solutions enable L3 to help solve the defense and
security challenges of our customers in a competitive and extremely
“This record-high performance illustrates our commitment to providing
the innovative and time-sensitive technology needed to meet the
requirements of today’s warfighter,” said Jeff Miller, L3’s Senior Vice
President and President of its ISR Systems business segment. “With our
exceptional program execution, industry-leading customer support and
targeted strategy of disciplined growth, we are excited to announce that
we captured half a billion dollars in orders for the first time in our
L3 WESCAM continues to experience strong double-digit growth
year-over-year, driven by key wins across air, land and maritime
domains. It has experienced an increased demand for EO/IR turrets used
on unmanned aircraft systems in the form of UAS and aerostats.
Unmanned system orders contributing to the record growth included one
from DrabPol Automotive in Poland to provide 47 MX™-8 EO/IR systems for
installation on a new fleet of tactical E-310 Orlik UAVs operated by the
Polish Army. The company was awarded an
indefinite-delivery/indefinite-quantity (ID/IQ) contract valued at up to
$454 million from the U.S. Army for its MX™-10D. The sensor suite will
operate from the Army’s Tactical Unmanned Air Systems Shadow UAV
WESCAM has delivered more than 4,600 MX systems globally. These systems
are installed on over 210 platforms across air, land and maritime
domains, and service more than 400 customers in over 85 countries.
Continuing to build its global in-service support network, earlier this
year the company announced a new Korean WESCAM Authorized Service Center
for customers located in South Korea and the surrounding region. This
facility, along with L3’s 13 other centers, will maintain L3’s MX-Series
EO/IR imaging turrets with regional 24/7 support.
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 2018 sales of
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.
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