:

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

Trump Urges Senate To Move ‘Immediately’ On $350 Billion Defense Reconciliation Bill In Lame Duck

President Trump on Thursday urged Senate leadership to move “IMMEDIATELY” on a reconciliation bill that would include $350 billion for defense. The call arrives as Republicans navigate a lame duck […]

Congress

House Republicans Block Measure To Impeach Hegseth

House Republicans on Tuesday evening voted to block an attempt to impeach Defense Secretary Pete Hegseth. In a 211-204 vote, the House moved to refer Rep. Thomas Massie’s (R-Ky.) articles […]

Congress

Top House Defense Appropriator Calvert Officially Wins Reelection Bid

Rep. Ken Calvert (R-Calif.), House Republicans’ top defense appropriator, has officially won his reelection bid. Calvert was running for a redistricted seat against fellow House Republican Rep. Young Kim (R-Calif.), […]

Congress

No Path To Defense Reconciliation, Including GOP’s $350 Billion, Coons Says

Top Senate Democrats threw cold water on any GOP plans for a $350 billion fiscal 2027 reconciliation bill, or any defense reconciliation bill, before a new Congress is sworn in […]