by Richard Tomkins
Washington (UPI) Sep 12, 2017
L3 Technologies has expanded its presence in the undersea products market with the acquisition of Adaptive Methods Inc., a systems engineering firm.
Under the acquisition announced Tuesday, Adaptive Methods will be called L3 Adaptive Methods, integrated into L3's Sensor Systems business segment.
The financial terms of the transaction were not disclosed.
Adaptive Methods is a systems engineering company that delivers undersea warfare and anti-submarine warfare capabilities to U.S. military customers.
L3 said Adaptive Methods is developing autonomy and sensor payload solutions for Unmanned Undersea Vehicles and also provides tactical buoy systems for manned and unmanned platforms.
"The addition of Adaptive Methods provides L3 with an innovative UUV autonomy technology that will broaden our capabilities in the dynamic and growing undersea market," said Christopher E. Kubasik, L3's president and chief operating officer https://www.l3t.com/press-release/l3-acquires-adaptive-methods-inc). "By combining its solutions with our L3 OceanServer and Open Water Power businesses, L3 will be uniquely positioned to support the U.S. Navy's evolving priorities.
"We continue to execute on a disciplined acquisition strategy that strengthens our businesses, adds cross-segment collaboration opportunities and creates value for our customers."
Washington (AFP) Sept 6, 2017
With global tensions spiraling over the North Korean nuclear crisis, President Donald Trump wants to pile extra pressure on Pyongyang by urging regional allies to dramatically boost spending on high-tech US military gear. Though existing regulations preclude any sudden changes, Trump's remarks this week open the door to what could amount to a regional military buildup - a move sure to anger ... read more
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