
The U.S. Army has awarded an initial delivery order to L3Harris Technologies (NYSE: LHX) for rifle-mounted multifunction laser devices intended to support target handoff operations. L3Harris said Thursday it will produce more than 1,100 updated Small Tactical Optical Rifle-Mounted Micro Laser Rangefinder systems for the military service under a pote...
Christopher Kubasik, president and chief operating officer of L3Harris Technologies and a 2020 Wash100 Award winner, told the Washington Business Journal in an interview published Wednesday that the company will continue post-merger integration and advance organic growth initiatives and revenue synergies as it begins its second year of operations....
Leidos (NYSE: LDOS) has finalized its acquisition of security detection and automation businesses of L3Harris Technologies (NYSE: LHX) for approximately $1B in cash. Jim Moos, president of Leidos’ civil group, will oversee the acquired businesses, which operate with over 1,200 employees combined and provide automated tray return systems, airpo...
Warren Romine, managing director at KippsDeSanto & Co., has said more middle-market defense contractors are considering divestitures as they assess their capacity to keep up with market trends, the Washington Business Journal reported Monday. Romine told the publication in an interview he expects increased U.S. defense budget and low interes...