:

Business/Financial

L3 Acquires UUV Technology Developer Open Water Power

By Cal Biesecker

Monday, May 22nd, 2017

SHARE:

L3 Acquires UUV Technology Developer Open Water Power

L3's latest acquisition, Open Water Power, has developed a novel Aluminum-water platform technology for undersea power generation. Photo: L3 Open Water Power

Adding to its technology base in the area of unmanned underwater systems, L3 Technologies [LLL] last Friday acquired Open Water Power, Inc., a small developer of power generation technologies.Terms of the deal were not disclosed. Open Water Power has 15 employees, is based in Massachusetts, and was spun out of Massachusetts Institute of Technology in 2013.Open Water Power is developing save and high-energy-density undersea power generation technologies for use by unmanned undersea vehicles (UUVs) and other maritime platforms. L3 said…

‘Theoretical Potential’ to Achieve 1,509 Combat-Coded Fighters by 2035, USAF Says

In the latest U.S. Air Force fighter force structure report submitted to Congress, the service speaks of a “theoretical potential” to achieve a goal of 1,509 combat-coded fighters in the […]

Budget

Hegseth Pushes For Reconciliation With At Least $350 Billion For Defense ‘Regardless’ Of Midterms Outcome

Defense Secretary Pete Hegseth said Wednesday the Trump administration plans to continue its push for at least $350 billion in defense funds via the reconciliation process “regardless of what happens […]

Congress

Bipartisan Push in Senate to Hasten Export of 155 mm, GMLRS, HIMARS for Ukraine

A small, bipartisan group of senators is backing the Fast Tracking European Investment in Ukraine’s Defense Act, S. 5175, to hasten the export of allied buys of U.S. munitions for […]

Congress

Rep. Himes Signals Increased Contractor Oversight, if Democrats Win House

Rep. Jim Himes (D-Conn.), the ranking member of the House Permanent Select Committee on Intelligence, plans to increase the committee’s contractor oversight if the Democrats win control of the House […]