Private equity firm ATL Partners has established LightRidge Solutions, a new portfolio company focused on designing, building and producing small space and airborne sensors and payloads designed to meet national security requirements. Bill Gattle oversees LightRidge Solutions as CEO and brings to the position 35 years of experience in space and airb...
Shareholders at Aerojet Rocketdyne (NYSE: AJRD) have approved a proposed agreement to sell the company to L3Harris Technologies (NYSE: LHX) and both parties expect the transaction to close in 2023, pending receipt of regulatory clearances and satisfaction of other customary closing conditions. Aerojet said Thursday 99.7 percent of the votes cast at...
L3Harris Technologies (NYSE: LHX) has booked a $765.5 million cost-plus-award-fee contract to develop a high-resolution infrared imaging system for a collaborative Earth observation initiative of NASA and the National Oceanic and Atmospheric Administration. Under the contract, L3Harris will build two instruments that will fly on the future Geostatio...
Lockheed Martin (NYSE: LMT), L3Harris Technologies (NYSE: LHX) and Northrop Grumman (NYSE: NOC) will continue the development of air-to-ground weapon system offerings for a U.S. Air Force program under separate contracts worth nearly $54 million combined. USAF awarded $18 million each to Lockheed and Northrop and another $17.7 million to L3Harris fo...
Edward Rice, Jr., a retired U.S. Air Force general who was a commander of its Air Education and Training Command, has joined the board of directors of L3Harris Technologies (NYSE: LHX). The company said Friday it looks to leverage Rice’s extensive military and national security background in developing products to address existing and future t...
Andrew Bream, a two-decade information technology professional in the defense and aerospace industries, has joined SOS International as vice president for information technology. His new role involves continuously improving SOSi’s enterprise IT security and systems while leading the development of innovations used in the digital transformation...
Stephen O’Bryan, a senior aerospace and defense industry executive, will assume the role of corporate vice president and global business development officer at Northrop Grumman (NYSE: NOC) on Feb. 6. He has been elected by Northrop’s board of directors to succeed David Perry, who is set to retire by the end of March after a...
L3Harris Technologies (NYSE: LHX) recorded $4.6 billion in revenue for the fourth quarter of 2022, up 5 percent from the prior-year period and 6 percent on an organic basis, and attributed the growth to the company’s communications systems and space and airborne systems segments. The Melbourne, Florida-based defense contractor said Thursday its fu...
Mark Kenny, formerly a vice president at L3Harris Technologies (NYSE: LHX), has been appointed senior VP of strategy and business development at Ultra Electronics‘ maritime division. The retired U.S. Navy admiral will report to Carlo Zaffanella, president and CEO of Ultra Maritime, and will work in the Washington, D.C. area to oversee Ultra Ma...
Don Claussen, a 15-year satellite communications industry veteran, has been appointed CEO of Herndon, Virginia-based satcom provider ST Engineering iDirect. He will be responsible for helping drive ST Engineering iDirect’s vision to expand its presence in the global satcom marketplace, the company said Monday. Claussen most recently served as ...
