Author: Jane Edwards|| Date Published: June 23, 2019
Christopher Kubasik
Harris (NYSE: HRS) and L3 Technologies (NYSE: LLL) set June 29, Saturday, as the closing date for their all-stock merger deal after they secured the regulatory clearances needed to complete the transaction.
The combined company will operate as L3Harris Technologies and use the ticker symbol œLHX once it starts trading on the New York Stock Exchange, the firms said in a joint statement published Friday.
œToday™s announcement positions us to close the merger and establish L3Harris as an agile aerospace and defense technology innovator that delivers value for all of our stakeholders, said Christopher Kubasik, L3 chairman, president and CEO and a 2019 Wash100 winner.
The proposed merger received the Department of Justice™s antitrust approval, which comes with a proposed settlement that orders the divestiture to a U.S. approved-buyer of Harris’ night vision business. Harris entered into an agreement with Elbit Systems of America (Nasdaq: ESLT) in April to sell the business for approximately $350M.
Quiet Professionals, Spathe Systems rebrand as Endurion. New platform combines intelligence, operations and mission technology support. Endurion launches following recent…
John Roese, global chief technology officer and chief artificial intelligence officer at Dell Technologies, said government agencies seeking to advance…
Stockholders of semiconductor foundry SkyWater Technology have approved the company’s merger with quantum computing company IonQ. Quantum computing and post-quantum…
