L3Harris Technologies, Ultra and Indianic Group form local alliance for SEA 1350 bid

22 May 2020

FREMANTLE, Australia, May 20 2020 — L3Harris Technologies (NYSE:LHX) announces alliance agreement to bid with Ultra Electronics and Indianic Group for the development of the Royal Australian Navy’s (RAN) new Magnetic Treatment Facility (MTF) to be installed in Western Australia under the SEA 1350 Phase 2 program.

The SEA 1350 program aims to replace and upgrade the existing RAN facilities in Western Australia, enabling the submarine fleet to undergo a pre-deployment process, which aims to reduce or eliminate the magnetism of a steel hull to enhance stealth capability, preventing submarines from triggering magnetic mines or attracting certain types of torpedoes.

The companies have several years of experience providing signature management capability and working on maritime ranges for the RAN.

L3Harris’ Oceania business based in Fremantle, Western Australia, provides the acoustic undersea range systems supporting signature management and live-firing exercises, and supports many other RAN systems including maritime navigation and hydrographic mission systems.

“Reducing ships’ magnetic signatures is a key capability for the RAN,” said Alan Titheridge, Managing Director, L3Harris Australia Group. “If we’re successful, we would also subcontract a number of other Western Australian-based subject matter experts (SME) to support the design, construction and maintenance of the new facility – delivering sovereign superiority in the region.”

Ultra’s UK business, PMES, currently supplies the RAN’s existing MTF located at Fleet Base West as well as all in-service open sea magnetic ranges. If successful, Ultra would transfer skills and technology to its South Australian-based business to grow Australian industry’s signature management capability and enable sovereign sustainment.

“Ultra has been supplying naval electromagnetic signature management capability to both the Royal Navy and Royal Australian Navy for over four decades and we look forward to continuing this close relationship by supplying the next generation of Australian capability with our SEA1350 partners L3Harris and Indianic,” said Doug Burd, Managing Director, Ultra Electronics Australia.

The third company under the Memorandum of Understanding (MOU) is Western Australian-based SME, Indianic Group, who specialize in marine and subsea infrastructure. Indianic Group currently maintains and operates the existing magnetic measurement and deperming facilities at Fleet Base West.

“We have been involved with the magnetic treatment facility for the past 15 years, maintaining and sustaining the facility on a daily basis,” said Michael Gray, Managing Director, Indianic Group. “We look forward to joining forces with L3Harris and Ultra to provide a combined and enhanced support offering to the RAN.”

The formal tender process for Phase 2 of the SEA 1350 program has recently opened with an Initial Operating Capability planned for 2023.

The partnership would extend to the SEA 1350 Phase 3 Maritime Underwater Tracking Range, covering the upgrade of the fixed and portable acoustic tracking ranges, which is planned to be tendered in late 2020. L3Harris and Ultra have also successfully partnered on other Australian projects across sonar, communications and electronic warfare technologies.

About L3Harris Technologies

L3Harris Technologies is an agile global aerospace and defense technology innovator, delivering end-to-end solutions that meet customers’ mission-critical needs. The company provides advanced defense and commercial technologies across air, land, sea, space and cyber domains. L3Harris has approximately $18 billion in annual revenue and 48,000 employees, with customers in more than 100 countries.  https://www.l3harris.com/

About Ultra

Ultra specializes in providing application-engineered tailored solutions. The company focus is on customers’ mission critical and intelligent systems in the defense, security, critical detection & control markets. Ultra’s capabilities and technologies can be found on many of the world’s long-term military programmes. Ultra employs over 4,500 employees across the globe. ultra.group

About Indianic Group

Indianic is a leading marine construction and subsea services provider specializing in commercial diving. Since establishment in 2004, the company has been involved in many marine construction projects in Western Australia and Northern Territory, and has held ongoing maintenance and service contracts with the Royal Australian Navy. https://indianic.com.au/

Forward-Looking Statements

This press release contains forward-looking statements that reflect management's current expectations, assumptions and estimates of future performance and economic conditions. Such statements are made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The company cautions investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements. Statements about contracts or programs and about technology capabilities are forward-looking and involve risks and uncertainties. L3Harris disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.