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...
The Department of the Air Force has selected five companies to be part of an industry consortium that will define future requirements and develop the digital infrastructure for the Advanced Battle Management System. L3Harris Technologies (NYSE: LHX), Leidos (NYSE: LDOS), Northrop Grumman (NYSE: NOC), Raytheon Technologies (NYSE: RTX) and Science App...
Raytheon Technologies (NYSE: RTX) and L3Harris Technologies (NYSE: LHX) will develop prototype sensors for the U.S. Army’s next-generation aerial intelligence, surveillance and reconnaissance program under the second phase of an other transaction agreement, Breaking Defense reported Tuesday. The companies will further improve the designs of their ...
Sigma Defense Systems has participated in a $25 million investment round for Raleigh, North Carolina-based Diveplane to help that startup further develop trainable artificial intelligence platforms. The series A funding activity also saw participation from Shield Capital, Calibrate Ventures and L3Harris Technologies (NYSE: LHX), Sigma Defense said M...
L3Harris Technologies (NYSE: LHX) has received a potential four-year, $104.5 million contract modification to continue providing engineering services, naval equipment and related components to the U.S. Navy. The modification has a base value of approximately $45.8 million that will run through July 2025, the Department of Defense said Tuesday. Work ...
L3Harris Technologies (NYSE: LHX) has received a potential $96.5 million contract from the U.S. Air Force to produce Group B Ground and System Integration Lab materials. The 645th Aeronautical Systems Group, Wright-Patterson Air Force Base, Ohio, is the contracting activity and obligated the full contract amount at the time of award using foreign mi...
A new McAleese & Associates report shows major defense prime contractors posted sector operating margins of approximately 11 percent in the second quarter of 2022, reflecting limited impact from the current 8.5 percent inflation. Jim McAleese, founder of McAleese & Associates and a three-time Wash100 winner, presented an analysis of the Q2 2...
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...
