L3Harris Technologies (NYSE: LHX) posted $4.5 billion in revenue for the first quarter of 2023, up 9 percent from the prior-year period, driven by sales growth across its three business segments. The company said Thursday profit for the quarter was $339 million, compared to the $475 million a year ago and earnings were $1.76 per...
L3Harris Technologies (NYSE: LHX) will continue to help the U.S. Space Force modernize and sustain a key military platform for monitoring deep space objects after the service branch exercised a fourth contract option valued at $145 million. The award comes after an L3Harris-led industry team updated a command-and-control center, telescopes and a pha...
The State Department has approved a pair of foreign military sale deals worth potentially $774.2 million combined for the government of Morocco to procure High Mobility Artillery Rocket System launchers and Joint Standoff Weapon systems from the U.S. Morocco asked to buy 18 M142 HIMARS launchers along with 350 pieces of related equipment and support...
L3Harris Technologies (NYSE: LHX) has secured a five-year, $584 million contract from the U.S. Air Force to produce, engineer and repair a suite of tools intended for defending aircraft against electronic threats. The company will provide block cycle software development services for the Advanced Integrated Defensive Electronic Warfare Suite, t...
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...
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...
NV5 Global (Nasdaq: NVEE) has acquired location data analytics and mapping services provider Axim Geospatial for an undisclosed sum. Wisconsin-headquartered Axim has 340 employees across the globe and works with clients in the fields of enterprise GIS, survey and mapping and data analysis, NV5 said Thursday. The acquired company maintains over 200 g...
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...
