Date: 9 January 2017
L3 Technologies (NYSE:LLL) announced today that its L3 Commercial Training Solutions (L3 CTS) unit will partner with Surrey County Council in the United Kingdom on the development and construction of a purpose-built airline training center and production facility for the manufacture of aircraft simulators.
The new training facility, to be named L3 London Training Center, is scheduled to become operational in the second quarter of 2018.
This capital investment reinforces L3’s commitment to the Commercial Airline Training market. The two new operations, with a combined volume of more than 150,000 square feet, will be co-located on a five-acre site in close proximity to London Gatwick Airport.
“We are very excited to announce this significant milestone for L3 Commercial Training Solutions,” commented Michael T. Strianese, L3’s Chairman and Chief Executive Officer. “Our Center of Excellence will provide increased airline training capacity for our customers around the globe, as well as serve as an economic development catalyst for the London Gatwick area and drive continued sales growth. This investment clearly demonstrates our commitment to our L3 CTS business and helping airlines address the growing demand for trained pilots.”
The London Training Center will be equipped with eight RealitySeven™ full flight simulators; fixed-based simulators; briefing rooms and classrooms; meeting rooms; and a restaurant. The production facility will provide manufacturing capacity for 30 simulators per year to meet the growing backlog and demand for L3 CTS products and will include office space for more than 300 employees.
L3 Commercial Training Solutions (L3 CTS) includes L3 Link UK, L3 CTC Aviation and L3 Aerosim-CTC. It is a world leader in providing intelligent total training solutions for pilots and maintainers across a wide range of commercial platforms. L3 CTS provides a full spectrum of state-of-the-art training solutions, including ab initio training, airline training, aircrew resourcing, training centers and high-fidelity simulation products. The Company has delivered commercial training solutions to customer locations throughout North America, Europe, Asia, Africa, the Middle East and the Pacific Rim. L3 CTS is headquartered in Crawley, U.K. and is part of the Electronic Systems business segment.
Headquartered in New York City, L3 Technologies employs approximately 38,000 people worldwide and is a leading provider of a broad range of communication and electronic systems and products 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 2015 sales of $10.5 billion.
To learn more about L3, please visit the Company’s website at www.L3T.com. L3 uses its website as a channel of distribution of material Company information. Financial and other material information regarding L3 is routinely posted on the Company’s website and is readily accessible.
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Except for historical information contained herein, the matters set forth in this news release are forward-looking statements. Statements that are predictive in nature, that depend upon or refer to events or conditions or that include words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” “will,” “could” and similar expressions are forward-looking statements. The forward-looking statements set forth above involve a number of risks and uncertainties that could cause actual results to differ materially from any such statement, including the risks and uncertainties discussed in the Company’s Safe Harbor Compliance Statement for Forward-Looking Statements included in the Company’s recent filings, including Forms 10-K and 10-Q, with the Securities and Exchange Commission. The forward-looking statements speak only as of the date made, and the Company undertakes no obligation to update these forward-looking statements.
Source: L3 Technologies