Home / M&A Activity / L3, Harris Target June 29 Closing Date for All-Stock Merger; Christopher Kubasik Quoted

L3, Harris Target June 29 Closing Date for All-Stock Merger; Christopher Kubasik Quoted

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 “LHX” once it starts trading on the New York Stock Exchange, the firms said in a joint statement published Friday.

“Today’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.

Check Also

L3Harris, Northrop Awarded Air Force F-16 Electronic Warfare Prototype OTAs

The U.S. Air Force has awarded L3Harris Technologies (NYSE: LHX) and Northrop Grumman (NYSE: NOC) other transaction agreements to develop and demonstrate electronic warfare system prototypes for the service branch’s F-16 fighter jets.

Centauri Promotes Brian Young to Space Control Programs VP

Brian Young, a more than two-decade aerospace engineering professional, has been promoted to vice president of space control programs at Chantilly, Va.-based government contractor Centauri.