L3 OceanServer – Autonomous Underwater Vehicles

Fall River, Mass., January 31, 2019 – L3 OceanServer was granted a five-year General Services Administration (GSA) schedule for its Iver3 Unmanned Undersea Vehicles (UUVs). This GSA schedule gives registered government agencies a simple path to procure Iver3 UUVs using pre-established pricing and Terms & Conditions. A contract was awarded from the GSA Schedule for two Iver3 UUVs and associated training, effective December 19, 2018.

“L3 OceanServer is pleased to receive this GSA schedule and contract award. GSA schedules provide shorter procurement cycles for federal purchases to streamline ordering processes,” said Daryl Slocum, General Manager of L3 OceanServer. “This award will allow us to develop existing customer relationships and build new ones.”

The Iver UUV is a commercial-off-the-shelf product built with warfighter-driven attributes. It features longer runtimes and precise navigational accuracy, enabling long ingress/egress missions that provide greater standoff distances and increased mission safety. L3 OceanServer has a proud history of working with various government agencies, including the United States Marine Corps and the United States Navy, making this GSA contract a logical next step in business development.

L3 OceanServer is part of the Integrated Maritime Systems sector within L3’s Communications & Networked Systems business segment. Since its inception in 2003, L3 OceanServer has sold more than 300 AUVs worldwide, providing highly capable solutions to a broad array of military, commercial and international customers. To learn more about L3 OceanServer, please visit www.ocean-server.com.

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 $10.2 billion. To learn more about L3, please visit the company’s website at www.L3T.com.

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.