M&A

L3 picks up underwater drone maker OceanServer

Third defense contractor to make undersea play in past year

L3 Technologies has purchased underwater drone maker OceanServer Technology for an undisclosed amount to become the third major defense contractor that has acquired a company in that market within the past year.

Within the past year, General Dynamics has bought military and UUV manufacturer Bluefin Robotics and Boeing picked up Liquid Robotics, the latter of which makes the water surface-traveling Wave Glider robot.

L3 views its acquisition of OceanServer as a platform for growth in line with the Navy’s plans for tactical deployment of underwater drones. General Dynamics also identified opportunities with the Navy through its purchase of Bluefin Robotics.

Fall River, Mass.-based OceanServer was founded in 2003 and builds autonomous unmanned undersea vehicles for users in the military, scientific, marine and telecommunications communities. OceanServer built its family of Iver UUVs for security, survey, research and environmental monitoring work.

Bluefin is also headquartered in the state of Massachusetts with its base in Quincy. Liquid Robotics is headquartered in Sunnyvale, Calif.

OceanServer will operate within L3’s estimated $1.4 billion sensor systems segment and has been renamed L3 OceanServer.

About the Author

Ross Wilkers is a senior staff writer for Washington Technology. He can be reached at rwilkers@washingtontechnology.com. Follow him on Twitter: @rosswilkers. Also find and connect with him on LinkedIn.

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