L3 Technologies has acquired Open Water Power in an acquisition that was completed on May 19, 2017, and the terms were not disclosed. The business will be renamed L3 Open Water Power and will be integrated into L3’s Sensor Systems business segment.
Based in Somerville, Massachusetts, Open Water Power is developing safe and high-energy-density undersea power generation technologies for use by Unmanned Undersea Vehicles (UUVs) and other maritime platforms.
(Learn More, courtesy of Autodesk and YouTube)
Its breakthrough technology enables safe power generation solutions for UUVs and results in significant safety and endurance improvements over current technologies.
Additionally, the company’s capabilities complement and are applicable to L3’s existing portfolio of maritime platform, sensor and payload offerings.
“The acquisition of Open Water Power aligns with L3’s disciplined growth strategy by adding an important new technology to our portfolio in the growing UUV market,” said Michael T. Strianese, L3’s Chairman and Chief Executive Officer.
“When combined with our recent acquisition of L3 OceanServer, Open Water Power’s innovative power system capability will enable us to meet the increasing demand for smaller, more cost-efficient UUVs with the ability to conduct longer missions at greater depths.”
“Given the U.S. Navy’s focus on UUV technology, we believe we are well-positioned in this high-priority, high-potential growth area. We continue to look for strategic additions that enhance the solutions we offer to our customers and will drive future growth for L3.”
(See Unmanned underwater vehicle (UUV) operators launch and recover a MK18 MOD 2 UUV during a U.S. – U.K. Mine Countermeasures Exercise. Courtesy of U.S. Navy, Daily Military Defense & Archive and YouTube)
L3 Technologies 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.