CAE announced that it expects to close its $1.05 billion acquisition of the military training business of L3Harris Technologies (NYSE: LHX) on Friday, July 2, after securing all regulatory approvals needed to complete the transaction. The deal was first announced in March and CAE said Monday L3Harris’ military training segment will enable it to br...
SOS International has named intelligence community veterans Neil Wiley and Dan Robinson as senior adviser for intelligence programs and vice president of business development, respectively, as part of efforts to expand the company’s analytic services business. Wiley will align resources and establish the strategic vision, administrative and operat...
The U.S. Army has awarded Raytheon Technologies (NYSE: RTX) and L3Harris Technologies (NYSE: LHX) other transaction authority agreements to build, integrate and demonstrate communications intelligence and electronic intelligence sensor prototypes for the High Accuracy Detection and Exploitation System under the initial phase of the Multi-Domain Sens...
An L3Harris Technologies (NYSE: LHX) subsidiary will modernize the forward-looking infrared systems on military rotary-wing aircraft for the U.S. Special Operations Command under a potential $96.4 million indefinite-delivery/indefinite-quantity contract. L3Wescam received the noncompetitive award to support SOCOM’s Improved Rotary-wing Electro...
The U.S. Air Force has named Boeing (NYSE: BA), L3Harris Technologies (NYSE: LHX), Lockheed Martin (NYSE: LMT), Northrop Grumman (NYSE: NOC) and Raytheon Technologies (NYSE: RTX) to its list of sources that could support the service’s plan to rapidly prototype a stand-in attack weapon within 60 months. SiAW is an air-to-ground weapon system that c...
The U.S. Navy has awarded 11 companies positions on a potential six-year, $778.9 million contract to provide engineering and technical services in support of the modernization of the service’s hull, mechanical and electrical systems. The Naval Surface Warfare Center Philadelphia Division received 11 offers for the multiple-award, indefinite-delive...
Christopher Kubasik, vice chairman, president and chief operating officer of L3Harris Technologies (NYSE: LHX), said the company plans to return more than $7.5 billion in cash to shareholders between 2021 and 2022, Reuters reported Thursday. Kubasik, a three-time Wash100 winner, noted L3Harris’ additional divesture proceeds of nearly $2 billio...
A new McAleese & Associates report noted the fourth quarter 2020 financial performance of large prime defense contractors Boeing (NYSE: BA), General Dynamics (NYSE: GD), Huntington Ingalls Industries (NYSE: HII), Lockheed Martin (NYSE: LMT). Northrop Grumman (NYSE: NOC) and Raytheon Technologies (NYSE: RTX). Jim McAleese, founder of McAleese &am...
Derek Tournear, director of the Space Development Agency (SDA), has been named as a winner of the highly prestigious and coveted Wash100 Award this year. Executive Mosaic has honored Tournear with a 2021 Wash100 Award for his leadership and commitment to satellite tech as well as maintaining an advantage for the U.S. over the space...
RENK, a Germany-based maker of automatic transmissions and gear units for military vehicles, has agreed to acquire Combat Propulsion Systems and Magnet-Motor businesses of L3Harris Technologies (NYSE: LHX) for an undisclosed sum to create a combat mobility platforms developer with key operations in the U.S. and Europe. RENK said Monday it expec...
