Christopher Kubasik, president and chief operating officer of L3Harris Technologies and a 2020 Wash100 Award winner, told the Washington Business Journal in an interview published Wednesday that the company will continue post-merger integration and advance organic growth initiatives and revenue synergies as it begins its second year of operations.
Kubasik said the company is on track to divest 8 percent to 10 percent of its portfolio in the next three years. He mentioned the completion of the sale of its airport security detection and automation businesses, which Leidos acquired in May for approximately $1B in cash.
“We're continuing to work through the process and have a couple that may close in the next several months,” he said of potential divestitures. “Smaller ones, but nonetheless, the process is ongoing.”
Kubasik said L3Harris is ahead of schedule when it comes to integration and has submitted over 40 proposals in the past 12 months.
“And in the 12 months that have passed, we have seen that, in fact, the technologies are complementary, and we’ve talked about being a mission solution prime across all the domains from space to air to sea the land to cyber,” he added.
Kubasik shared with the publication the company’s recruitment efforts and initiatives to protect the workforce during the COVID-19 pandemic.