L3 Technologies has acquired Massachusetts-based OceanServer Technology, a designer and maker of autonomous underwater vehicles. The acquisition brings a complementary line of products to L3’s portfolio of sensor and communication systems, intelligence surveillance and reconnaissance equipment, and anti-submarine warfare and mine counter-measures. “OceanServer Technology positions L3 to support the U.S. Navy’s vision for the tactical employment of UUVs,” said L3’s Chairman and Chief Executive Officer Michael T. Strianese. “This acquisition also enhances our technological capabilities and strengthens our position in growth areas where we see compelling opportunity.
Industry M&A – L3 Technologies Acquires Ocean Server
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