L-3 Communications Holdings Inc. (LLL) said that its MariPro division has received a $76.6 million contract from the University of Washington.
The company will design, build and install the Regional Scale Nodes component of the National Science Foundation's Ocean Observatories Initiative.
The cabled ocean observing system will be located on the Juan de Fuca Plate off the Washington and Oregon coasts.
This transformative infrastructure will provide new tools for discovery-oriented researchers to better study and understand complex ocean processes, the company noted.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.