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L3Harris Technologies Unveils Four ‘Mission-Focused’ Business Segments

L3Harris Technologies (NYSE: LHX), the new company formed by the merger of defense contractors Harris and L3 Technologies, has organized its operations into four business segments with the goal to help government and commercial customers address mission requirements. Melbourne, Fla.-based L3Harris said Monday it expects to generate $17B in annual revenue through its operating businesses that will offer a range of technology platforms in the air, sea, land, space and cyber areas.

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Roger Krone, Chairman and CEO of Leidos, Named to 2020 Wash100 for Driving Acquisition, Company Growth

Executive Mosaic is pleased to present Roger Krone, chairman and CEO of Leidos, as an inductee into the 2020 Wash100 Award for driving company growth through the acquisitions of Dynetics as well as L3Harris security detection and automation businesses. This marks the seventh consecutive-time that Krone has received a Wash100 Award, which means he’s been given this honor every year of the award’s existence.

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Brian Fitzpatrick Appointed LMI Interim CEO

Brian Fitzpatrick, chief growth officer of LMI, has been selected by the board of directors to replace David Zolet as the company’s CEO on an acting basis. Zolet, who also serves as LMI president and a 2020 Wash100 award winner, will step down from his current roles to pursue a new career opportunity, while the board will begin its search for his replacement as permanent president and CEO, LMI said Tuesday.

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Wells Fargo Analysts Share Financial Insights on Leidos, SAIC Deals

A new Wells Fargo Securities report offers analysts' views on Leidos' (NYSE: LDOS) move to buy the security detection and automation businesses of L3Harris Technologies (NYSE: LHX) for $1B as well as Science Applications International Corp.'s (NYSE: SAIC) plan to acquire the federal unit of Unisys (NYSE: UIS) for $1.2B.

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