L3 Chosen by HNA Group to Supply Multiple Full Flight Simulators
March 09 2017 - 9:00AM
Business Wire
L3 Technologies (NYSE:LLL) announced today that it has been
awarded a contract valued at more than $115 million by HNA Group’s
Hainan Sky Plumage Flight Training Co., Ltd to provide 11 full
flight simulators and auxiliary training equipment over the next 18
months. This new business award follows the successful delivery of
three RealitySeven™ Airbus A320 full flight simulators and one
RealitySeven Boeing 787 full flight simulator to be delivered in
the second quarter of 2017 to HNA Group.
“We are pleased to build on our relationship with the HNA Group
and look forward to providing our full-service commercial flight
training resources,” said Michael T. Strianese, L3’s Chairman and
Chief Executive Officer. “L3 is fully committed to supporting the
rapidly growing Chinese air transport industry by enabling HNA
Group to meet its training requirements as it emerges as an
industry leader in the region.”
Under the contract, L3 Commercial Training Solutions (L3 CTS)
will deliver RealitySeven full flight simulators for a range of
aircraft types, including five Airbus A320s, two Airbus A330s, two
Boeing 737 NGs and one Boeing 737 MAX. The simulators will be
installed at the recently opened Hainan Sky Plumage Training Center
in Haikou, starting in early 2017.
L3 CTS includes L3 Link UK, L3 CTC Aviation and L3 Aerosim-CTC.
It is a world leader in providing intelligent total training
solutions for pilots and maintainers across a wide range of
commercial platforms. L3 CTS provides a full spectrum of
state-of-the-art training solutions, including ab initio training,
airline training, aircrew resourcing, training centers and
high-fidelity simulation products. The company has delivered
commercial training solutions to customer locations throughout
North America, Europe, Asia, Africa, the Middle East and the
Pacific Rim. L3 CTS is headquartered in Crawley, U.K., and is part
of the Precision Engagement & Training sector within L3’s
Electronic Systems business segment.
Headquartered in New York City, L3 Technologies employs
approximately 38,000 people worldwide and is a leading provider of
a broad range of communication, electronic and sensor systems 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 2016 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.
Safe Harbor Statement Under the Private Securities Litigation
Reform Act of 1995Except 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/20170309005682/en/
L3 TechnologiesCorporate 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