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.
The Defense Information Systems Agency’s Defense Information Technology Contracting Organization has awarded Modern Technology Solutions Inc. a potential $416 million contract,…
L3Harris Technologies has secured a potential $200 million follow-on contract from Lockheed Martin to supply insensitive munition propulsion units for…
