L3Harris Technologies (NYSE: LHX) will continue to help the U.S. Space Force modernize and sustain a key military platform for monitoring deep space objects after the service branch exercised a fourth contract option valued at $145 million. The award comes after an L3Harris-led industry team updated a command-and-control center, telescopes and a pha...
Aerojet Rocketdyne (NYSE: AJRD) has secured a $215.6 million cooperative agreement from the Department of Defense to modernize and expand its facilities at three sites that produce rocket propulsion systems as part of efforts to help DOD meet the increasing demand for tactical missile systems. The company will use the funds from the agreement to...
NV5 Global (Nasdaq: NVEE) completed its acquisition of the commercial geospatial technology and software business of L3Harris Technologies (NYSE: LHX) following receipt of regulatory approvals. Technology engineering firm NV5 said Monday it expects the purchase of L4Harris’ Visual Information Solutions business to expand its presence in the North ...
The Defense Logistics Agency has awarded nine companies positions on a potential 10-year, $3.2 billion contract vehicle for command, control, computers, communications, cyber, intelligence, surveillance and reconnaissance supplies and services. DLA received 16 offers for the C5ISR Gateway to Sustainment contract, which has a five-year base period an...
L3Harris Technologies (NYSE: LHX) has secured a five-year, $584 million contract from the U.S. Air Force to produce, engineer and repair a suite of tools intended for defending aircraft against electronic threats. The company will provide block cycle software development services for the Advanced Integrated Defensive Electronic Warfare Suite, t...
Private equity firm ATL Partners has established LightRidge Solutions, a new portfolio company focused on designing, building and producing small space and airborne sensors and payloads designed to meet national security requirements. Bill Gattle oversees LightRidge Solutions as CEO and brings to the position 35 years of experience in space and airb...
Shareholders at Aerojet Rocketdyne (NYSE: AJRD) have approved a proposed agreement to sell the company to L3Harris Technologies (NYSE: LHX) and both parties expect the transaction to close in 2023, pending receipt of regulatory clearances and satisfaction of other customary closing conditions. Aerojet said Thursday 99.7 percent of the votes cast at...
L3Harris Technologies (NYSE: LHX) has booked a $765.5 million cost-plus-award-fee contract to develop a high-resolution infrared imaging system for a collaborative Earth observation initiative of NASA and the National Oceanic and Atmospheric Administration. Under the contract, L3Harris will build two instruments that will fly on the future Geostatio...
Lockheed Martin (NYSE: LMT), L3Harris Technologies (NYSE: LHX) and Northrop Grumman (NYSE: NOC) will continue the development of air-to-ground weapon system offerings for a U.S. Air Force program under separate contracts worth nearly $54 million combined. USAF awarded $18 million each to Lockheed and Northrop and another $17.7 million to L3Harris fo...
Edward Rice, Jr., a retired U.S. Air Force general who was a commander of its Air Education and Training Command, has joined the board of directors of L3Harris Technologies (NYSE: LHX). The company said Friday it looks to leverage Rice’s extensive military and national security background in developing products to address existing and future t...
