L3 Acquires Minority Stake in Peak Nano Optics; Christopher Kubasik Comments

L3 Technologies (NYSE: LLL) has purchased a minority stake in nanotechnology developer Peak Nano Optics for an undisclosed amount.

Dallas, Texas-based Peak Nano uses a gradient refractive index technology to design and manufacture electro-optical lenses for visible to near-infrared applications, L3 said Wednesday.

Christopher Kubasik, president and CEO of L3, said the investment offers the company access to optics technology and an opportunity to expand intelligence, surveillance and reconnaissance offerings for the defense sector.

Peak Nano also aims to develop a robotic manufacturing process and build a full-rate production hub within Dallas’ North Texas metroplex.

The business will also support ongoing development programs at L3™s sensor systems unit.

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