Adaptive Methods, Inc., a leading Undersea Warfare (“USW”) systems engineering company, was acquired by L3 Technologies, Inc. (NYSE: LLL). Based in Centreville, Virginia, Adaptive Methods delivers USW and Anti-Submarine Warfare (“ASW”) capabilities for U.S. military customers. It is also developing autonomy and sensor payload solutions for use by Unmanned Undersea Vehicles (“UUVs”). Additionally, the company provides tactical buoy systems for manned and unmanned platforms, as well as ASW sonar processing systems and displays and command and control/theatre ASW systems. The business will be renamed L3 Adaptive Methods and will be integrated into L3’s Sensor Systems business segment.
“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. “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.”
Headquartered in New York City, L3 Technologies employs approximately 38,000 people worldwide and 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. The company reported 2016 sales of $10.5 billion.
Terms of the transaction were not disclosed. Philpott Ball & Werner, LLC served as investment banker to Adaptive Methods. For more information about this transaction, please contact Erik Appareti at email@example.com or Nick Berry at firstname.lastname@example.org.