L3Harris Technologies (NYSE: LHX) has received all regulatory clearances needed to advance its acquisition of Link 16, the tactical data link product line of Viasat (Nasdaq: VSAT). L3Harris agreed to buy Viasat’s TDL portfolio for about $1.96 billion in October and now expects the transaction to close by Jan. 3. The Melbourne, Florida-based defens...
L3Harris Technologies (NYSE: LHX) has agreed to acquire Aerojet Rocketdyne (NYSE: AJRD) for approximately $4.7 billion in cash, or $58 per share, in a transaction that will allow the aerospace and defense contractor to further advance innovation and continue to deliver missile defense systems, hypersonics and other capabilities to the Department of ...
Tom Gentile, president and CEO of Spirit AeroSystems, and Ted Colbert, president and CEO of Boeing’s (NYSE: BA) defense, space and security business, have been elected to serve as chairman and vice chairman, respectively, of the Aerospace Industries Association’s board of governors for 2023. Eric Fanning, a previous Wash100 awardee, will continu...
L3Harris Technologies (NYSE: LHX) has agreed to purchase Link 16, the tactical data link product line owned by Viasat (Nasdaq: VSAT), in a deal worth approximately $1.96 billion. The definitive agreement is still subject to customary transaction adjustments and may be finalized in the first half of 2023, the companies said Monday. Link 16 is...
Jon Rambeau, a 26-year veteran of Lockheed Martin (NYSE: LMT), has been appointed to serve as president of the integrated missions systems business at L3Harris Technologies (NYSE: LHX). He will assume his new position on Oct. 17 and succeed Sean Stackley, who will transition to a new role as senior vice president of strategy and...
A partnership between L3Harris Technologies (NYSE: LHX) and Air Tractor has won a potential $3 billion indefinite-quantity/indefinite-delivery contract to build a fleet of up to 75 fixed-wing aircraft for U.S. Special Operations Command. L3Harris said Monday the industry team will provide its single-engine Sky Warden platform to SOCOM’s Armed ...
Christina Zamarro, vice president of finance and treasurer at The Goodyear Tire & Rubber Co. (Nasdaq: GT), has joined the board of directors of L3Harris Technologies (NYSE: LHX). Christopher Kubasik, chair and CEO of L3Harris, said in a statement published Thursday Zamarro is a finance leader with experience in business operations, capital marke...
The board of directors for the Association of the U.S. Army has nominated Christopher Kubasik, vice chair and CEO of L3Harris Technologies (NYSE: LHX), and Ted Colbert, president and CEO of Boeing’s (NYSE: BA) defense, space and security business, to serve as directors on the board. AUSA said Tuesday Kubasik would succeed William Brown, who...
L3Harris Technologies (NYSE: LHX) has formed an innovation accelerator to pursue the development of new systems intended to help domestic and international defense clients address near-peer threats. The Agile Development Group is composed of 2,500 engineers, technicians, operations professionals and program managers that will focus on developing sen...
L3Harris Technologies (NYSE: LHX) reported $4.4 billion in revenue for the fourth quarter of 2021 and $17.8 billion in full year revenue. The Melbourne, Florida-based defense company said its 2021 operating cash flow was $2.7 billion, with an adjusted free cash flow of $2.75 billion. “The L3Harris team delivered solid EPS growth, consistent with ...
