Aerospace Group:

Business/Financial

L3 Acquires UUV Developer OceanServer Technology

By Cal Biesecker

Tuesday, April 4th, 2017

SHARE:

L3 Acquires UUV Developer OceanServer Technology

Iver autonomous underwater vehicle developed by OceanServer Technology. Photo: OceanServer Technology

L3 Technologies [LLL] on Tuesday said it has acquired OceanServer Technology, a small developer and manufacturer of autonomous unmanned undersea vehicles for military, commercial and international customers.Terms of the deal were not disclosed. The acquisition closed on March 17.Based in Massachusetts, OceanServer has delivered more than 250 of its Iver Autonomous Underwater Vehicles, which L3 said is the first commercially-developed low-cost AUS. The Iver is single man-portable and is used for coastal applications such as sensor development, general survey work,…

Congress

Munitions Fired Represent Most of $25 Billion Spent By Pentagon on Iran War So Far

Munitions fired in the two-month old “Operation Epic Fury” against Iran represent most of the $25 billion cost the Pentagon has incurred thus far in the conflict, the acting Defense […]

Congress

Slotkin: Pentagon Should Use Anthropic’s Mythos To Spot Cyber Security Gaps

The Pentagon should be using Anthropic‘s recently announced Mythos artificial intelligence model to spot gaps in cyber security, Sen. Elissa Slotkin (D-Mich.) said on Tuesda. “I think the thing that […]

Budd And Shaheen Bill Would Authorize 329 F-15EX Fighters

Two members of the Senate Armed Services Committee (SASC), Sen. Ted Budd (R-N.C.) and Sen. Jeanne Shaheen (D-N.H.), have introduced the Airpower Acceleration Act, which would authorize multi-year procurements of […]

Congress

HASC’s Wittman Sees ‘Challenging’ Push For $350B In Reconciliation Funds, Wants Sustained Defense Increase

NATIONAL HARBOR, Md.– Congress’ work to pass $350 billion in reconciliation funds to support the Trump administration’s push for a $1.5 trillion fiscal year 2027 defense topline is “going to […]