L-3 to Provide Power Node Control Center® for the U.S. Navy Destroyer Program
March 17 2016 - 2:16PM
Business Wire
L-3 Communications (NYSE:LLL) announced today that it has
received an initial contract from General Dynamics Bath Iron Works
to deliver its innovative Power Node Control Center® (PNCC) to
support the U.S. Navy’s Destroyer Program. Funded delivery orders
are currently in process, with the first production units scheduled
for delivery in December 2017. Eight PNCC units will be initially
installed on each DDG 51, beginning with DDGs 121 and 122.
Primarily developed through internal research and development
investment, L-3’s PNCC is an integrated electrical system that can
be configured to simultaneously perform multiple functions,
including operating as a transfer switch, frequency converter,
circuit breaker, power conditioner, power transformer and motor
controller. The PNCC is scalable, flexible, affordable and robust
in converting power for a variety of applications – from
commercial-off-the-shelf to qualified MIL-SPEC equipment. It allows
for reduced weight and space requirements and outperforms existing
systems through superior fault management and robust power
management capabilities.
“This is the first installation of the PNCC and is a critical
step in next-generation flexible power solutions specifically
designed to fulfill the requirements outlined in the U.S. Navy’s
Technology Development Roadmap,” said Christine Montalvo, president
of L-3 SPD Electrical Systems, which developed the PNCC. “We’ve
been developing and improving upon the PNCC for the last 10 years
and are excited to finally deliver and bring to market a truly
innovative product that provides superior power capability to the
ships’ critical equipment, enhancing overall performance and
efficiency.”
Steve Kantor, president of L-3 Electronic Systems, added, “This
is an important contract for L-3 because it demonstrates our
ability to meet changing naval requirements with our versatile and
innovative technologies. We see great opportunity to expand PNCC
applications across other U.S. Navy platforms, including aircraft
carriers, amphibious assault ships and littoral ships where power
load manageability is vital.”
Located in Philadelphia, Pennsylvania, L-3 SPD Electrical
Systems employs approximately 215 people. A division within the L-3
Electronic Systems business segment, the company is a worldwide
leader in providing maritime power distribution and conditioning
products and services to the U.S. Navy and most allied foreign
navies. To learn more about L-3 SPD Electrical Systems, please
visit www.L-3com.com/SPDES.
Headquartered in New York City, L-3 employs approximately 38,000
people worldwide and is a leading provider of a broad range of
communication and electronic systems and products used on military
and commercial platforms. L-3 is also a prime contractor in
aerospace systems. The company reported 2015 sales of $10.5
billion.
To learn more about L-3, please visit the company’s website at
www.L-3com.com. L-3 uses its website as a channel of distribution
of material company information. Financial and other material
information regarding L-3 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: http://www.businesswire.com/news/home/20160317006084/en/
L-3Corporate Communications212-697-1111
L3 Technologies, Inc. (NYSE:LLL)
Historical Stock Chart
From Mar 2024 to Apr 2024
L3 Technologies, Inc. (NYSE:LLL)
Historical Stock Chart
From Apr 2023 to Apr 2024