L-3 Communications (NYSE: LLL) announced today that its Warrior Systems-ALST business has been awarded a contract to deliver state-of-the-art Ground Laser Target Designators (GLTD) to the Republic of Korea (ROK). L-3’s new Scarab system is a modular laser designator equipped with rangefinding and an IR thermal imager, providing accurate target designation during the day, night and in nearly all battlefield conditions. The initial contract value is approximately $30 million with product delivery beginning in mid-2014.
L-3's Scarab system offers 24/7 day/night capabilities. It is the smallest, lightest and most affordable designator in its class. (Photo: Business Wire)
“This important win provides our customer with a new and advanced capability and demonstrates the ROK’s confidence in L-3 Warrior Systems’ ability to fulfill global requirements for technologically advanced sensor fire-control systems, while consistently meeting cost and schedule constraints,” said Steve Kantor, president of L-3’s Electronic Systems Group. “It is also a strategic new business area for L-3, which expands our market share and creates near-term international opportunities for our advanced imaging product line.”
Under the terms of the contract with the ROK’s Defense Acquisition Program Administration (DAPA), L-3 will provide Scarab GLTD systems, conduct in-country operator and maintenance training, supply spares, and establish and maintain a full-range, multi-year logistics support capability in the ROK.
As a lightweight, single man-portable system with tripod mounting, Scarab provides a unique operational capability to identify and designate targets on the ground. This battery-powered system is capable of over 60 minutes of continuous designation from a single battery and incorporates the latest advances in diode-pumped laser generation.L-3 Warrior Systems is a world leader in the development and production of advanced night vision and electro-optical systems and components. It supports all branches of the United States military, law enforcement, first responder agencies, allied nations and consumers by developing and delivering laser aiming and illumination devices, laser rangefinder and designator systems, holographic weapon sights, and night vision imaging systems using the latest in thermal, image intensifier and fusion technologies.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV