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The Department of Commerce has cleared a joint NASA-National Oceanic and Atmospheric Administration program to acquire spacecraft that will follow the Geostationary Operational Environmental Satellite R Series. The agencies can now start the contracting process to build a Geostationary Extended Observations system and associated instruments, NOAA...
Kirk Riggs, a U.S. Air Force veteran and a former executive at L3Harris Technologies (NYSE: LHX), has been appointed vice president of strategy and business development operations within the intelligence group at Leidos (NYSE: LDOS), according to a LinkedIn post published Monday. While at L3Harris, Riggs oversaw similar functions under the company&#...
L3Harris Technologies‘ (NYSE: LHX) board of directors has approved a plan to repurchase another $3.0 billion of its common stock. The Melbourne, Florida-based defense technology supplier said Friday the additional stock re-acquisition will bring total buyback authorization for L3Harris to approximately $4.5 billion. Stockholders of record as o...
Jackie Schmoll, a nearly two-decade defense and civilian market veteran, has joined Raytheon Technologies (NYSE: RTX) as vice president of requirements and capabilities for space and command and control systems. She is now part of Raytheon’s intelligence and space business unit where she will be responsible for developing and implementing grow...
U.S. Special Operations Command can continue to order new manpack radio systems from L3Harris Technologies (NYSE: LHX) after SOCOM awarded a $297.2 million contract modification under the Next Generation Tactical Communications program. The award is for the delivery of AN/PRC-167 multichannel radios and support equipment to special operations forces...
L3Harris Technologies (NYSE: LHX) reported $4.4 billion in revenue for the fourth quarter of 2021 and $17.8 billion in full year revenue. The Melbourne, Florida-based defense company said its 2021 operating cash flow was $2.7 billion, with an adjusted free cash flow of $2.75 billion. “The L3Harris team delivered solid EPS growth, consistent with ...
U.S. Special Operations Command is looking to award L3Harris Technologies (NYSE: LHX) a $297.2 million contract modification to fully execute a capital equipment replacement program for legacy manpack radio systems. SOCOM awarded the original six-year, $255 million indefinite-delivery/indefinite-quantity contract for AN/PRC 167 radios to Harris Corp...
L3Harris Technologies (NYSE: LHX) is streamlining its core businesses into three segments focused on communication systems, integrated mission systems and space and airborne systems. “Our business segments will continue to lead market innovation in their focus areas, fueling advanced solutions for the toughest operational challenges,” Christophe...
Plymouth, Michigan-based optical technology supplier EOTech has bought Intevac‘s (Nasdaq: IVAC) photonics unit for approximately $100 million in upfront cash and future earnout payments. Intevac said Monday it also negotiated a six-month transaction service agreement with EOTech and intends to focus on the thin-film equipment market following ...
Communications & Power Industries has agreed to acquire L3Harris Technologies’ (NYSE: LHX) ESSCO business for an undisclosed sum as part of efforts to expand CPI’s portfolio of ground-based radomes for defense and government agency clients. Massachusetts-based ESSCO manufactures ground-based metal space frame radomes supporting air defen...
