L3 Receives Contract Modification for M783 Mortar Fuze
January 19 2017 - 9:20AM
Business Wire
L3 Technologies (NYSE:LLL) announced today that it has been
awarded a $32 million contract modification from the U.S. Army to
supply the M783 Point Detonating/Delay (PD/DLY) Mortar Fuze. The
contract was awarded under a Foreign Military Sales (FMS) program,
and the purchased equipment will be used by an international
customer.
“The M783 is an advanced mortar fuze that provides a new level
of safety and demonstrated field reliability in excess of 99
percent to the warfighter,” said Rich Hunter, President of L3
Fuzing & Ordnance Systems (L3 FOS). “We have produced more than
1.5 million of these fuzes, and this contract affirms L3’s ongoing
commitment to deliver cost-effective, innovative solutions to the
U.S. Army and its international allies.”
The M783 is the U.S. Army’s next-generation, NATO-standard
electronic PD/DLY fuze for mortars and is used to support
close-range, indirect fire support to infantry units in combat
operations. Work on this program will be done by L3 FOS, which is
part of the Precision Engagement & Training sector within the
Electronic Systems business segment. All work is expected to be
completed by February 2018.
L3 FOS specializes in the development and manufacture of
advanced fuzing products, sensors and safety devices. These
products are utilized in numerous artillery, mortar and air-dropped
munitions, as well as rockets, missiles and other advanced weapon
systems. To learn more about L3 FOS, please visit the Company’s
website at www.L3T.com/FOS.
Headquartered in New York City, L3 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,
homeland security and commercial platforms. L3 is also a prime
contractor in aerospace systems, security and detection systems,
and pilot training. The Company reported 2015 sales of $10.5
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.
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forth above involve a number of risks and uncertainties that could
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including the risks and uncertainties discussed in the Company’s
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forward-looking statements speak only as of the date made, and the
Company undertakes no obligation to update these forward-looking
statements.
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