Kubasik, a three-time Wash100 winner, noted L3Harris’ additional divesture proceeds of nearly $2 billion at an investor briefing event held Wednesday.
He told Reuters in an interview the defense contractor expects to maintain research and development spending at 4 percent of revenues as it pursues more space sensor contracts with the Pentagon.
Kubasik is next in line to succeed CEO William Brown as part of the L3 Technologies-Harris Corp. merger agreement. Brown, a previous Wash100 awardee, will transition to a new role as executive chairman of the board when Kubasik formally assumes the CEO post on July 1.
Lockheed Martin has received a $249 million indefinite-delivery/indefinite-quantity contract from the U.S. Navy to support the Surface Electronic Warfare Improvement Program,…
Qualis, InTrack Radar Technologies and Tektonux have merged to form a single company focused on modernizing missile defense, space domain awareness, integrated fires…
