MONTREAL, March 27, 2014 - L3 MAPPS announced today that it has been selected by Lockheed Martin Canada to support the design activity of the Integrated Platform Management System (IPMS) for the Royal Canadian Navy's (RCN) new class of Arctic/Offshore Patrol Ships (AOPS). Lockheed Martin Canada is one of AOPS Prime Contractor Irving Shipbuilding's Tier 1 suppliers for delivering the AOPS vessels as part of the National Shipbuilding Procurement Strategy (NSPS). Under an initial contract, L3 MAPPS, with over 250 employees in Montreal, Quebec, will design the IPMS subsystem for the new vessels.
"Further to our ongoing successful implementation of the Halifax-class frigates IPMS upgrade, we are very pleased to be selected for this new and very important Royal Canadian Navy project," said Rangesh Kasturi, vice president of marketing & sales for L3 MAPPS. "Together with the RCN, we pioneered the concept of the IPMS 30 years ago and became a global leader with this Canadian technology. Today, we look forward to designing the next generation of innovative IPMS subsystems for the Royal Canadian Navy's newest class of ships."
The L3 MAPPS IPMS provides comprehensive monitoring and control of the ship's propulsion, electrical, ancillary, auxiliary and damage control machinery systems. With advanced functionality, such as the Battle Damage Control System, Onboard Team Training System, Equipment Health Monitoring System and CCTV, as well as integration with the ship's combat management and navigation systems, the IPMS allows the crew to safely and effectively operate the ship for all mission requirements. L3 MAPPS' technology is used by 20 navies worldwide and is installed on most of the RCN's major warships and submarines.
AOPS is a Government of Canada procurement project for the RCN. The project will equip the Canadian Forces with six to eight naval ice-capable offshore patrol ships able to assert and enforce sovereignty in Canada's waters where and when necessary, including the Arctic. The first Arctic/Offshore Patrol Ship is scheduled to be delivered in 2018.
L3 MAPPS, a division of L3 Marine & Power Systems, has over 30 years of experience in pioneering technological advances in the marine automation field and over 40 years of experience in delivering high-fidelity power plant simulation to leading utilities worldwide. In addition, the company has more than four decades of expertise in supplying plant computer systems for Canadian heavy water reactors. L3 MAPPS also provides targeted controls and simulation solutions to the space sector. To learn more about L3 MAPPS, please visit the company's website at www.L3T.com/MAPPS.
Headquartered in New York City, L3 employs approximately 48,000 people worldwide and is a prime contractor in aerospace systems and national security solutions. L3 is also a leading provider of a broad range of communication and electronic systems and products used on military and commercial platforms. The company reported 2013 sales of $12.6 billion. To learn more about L3, please visit the company's website at www.L3T.com.
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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.
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