by Richard Tomkins
Washington (UPI) Apr 5, 2017
Massachusetts-based OceanServer Technology, a designer and maker of autonomous underwater vehicles, has been acquired by L-3 Technologies.
The transaction announced by L3 on Tuesday occurred last month, and brings a complementary line of products to L-3's portfolio of sensor and communication systems, intelligence surveillance and reconnaissance equipment, and anti-submarine warfare and mine counter-measures.
"OceanServer Technology positions L3 to support the U.S. Navy's vision for the tactical employment of UUVs," L3's Chairman and Chief Executive Officer Michael T. Strianese said in a press release. "This acquisition also enhances our technological capabilities and strengthens our position in growth areas where we see compelling opportunity.
"As a leading innovator and developer of UUVs, OceanServer Technology provides L3 with a new growth platform that is aligned with the U.S. Navy's priorities," Strianese added.
OceanServer Technology is now part of L3's Sensor Systems segment and has been given a new name: L3 OceanServer.
Financial details of the transaction were not disclosed.
Durham NC (SPX) Mar 17, 2017
Researchers have created a new model for predicting decompression sickness after deep-sea dives that not only estimates the risk, but how severe the symptoms are likely to be. The US Navy Diving Manual may incorporate the model into its next update, as will commercial products intended to help recreational divers plan their ascents to avoid "the bends." The results appear online in the journal P ... read more
Water News - Science, Technology and Politics
|The content herein, unless otherwise known to be public domain, are Copyright 1995-2017 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement|