Author: Jane Edwards|| Date Published: June 19, 2019
Jim McAleese
A McAleese & Associates report says the merged company of L3 Technologies (NYSE: LLL) and Harris (NYSE: HRS) would invest 4 percent of $18B combined revenue in independent research-and-development efforts.
Defense News reported Monday that focus areas of the proposed IRAD investment are actionable intelligence, spectrum superiority and warfighter effectiveness.
Jim McAleese, founder and principal at McAleese & Associates and a 2019 Wash100 winner, noted Harris and L3 plan to divest a significant portion of lower value operations within the first six months after the merger™s completion.
The two companies also have agreed to firewalls on the U.S. Navy™s Next Generation Jammer Increment II program and expect to complete the merger by the end of June, McAleese noted.
L3 and Harris agreed to merge through an all-stock transaction in October to establish a global defense technology firm that will operate as L3 Harris Technologies.
The Defense Health Agency awarded a combined $8.07 billion in contracts to Humana Government Business, Evernorth Federal Services and Ipsos Public Affairs…
The Naval Information Warfare Center Pacific is soliciting proposals for the development and fielding of intelligence, surveillance and reconnaissance systems…
The Department of War is accelerating its push into unmanned systems, moving beyond experimentation toward large-scale production, streamlined acquisition and…
