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The U.S. Navy has awarded 15 companies positions on a potential five-year, $245.9 million contract to conduct research, develop, test and evaluate undersea weapons and undersea defensive technologies. The Naval Undersea Warfare Center Division in Newport, Rhode Island, launched an online procurement process and received 15 offers for the multiple-aw...
The Space Development Agency has awarded prototype agreements worth approximately $2.5 billion combined to L3Harris Technologies (NYSE: LHX), Lockheed Martin (NYSE: LMT) and Sierra Space to build 54 satellites for the second tranche of the Proliferated Warfighter Space Architecture’s tracking layer.SDA Director Derek Tournear will deliver a keynot...
L3Harris Technologies (NYSE: LHX) has secured a potential seven-year, $479 million contract to manufacture and deliver next-generation tactical communications radios to U.S. Special Operations Command. The indefinite-delivery/indefinite-quantity contract has an ordering period of seven years and covers the provision of associated sustainment and sup...
The State Department has approved a potential $255 million foreign military sale of L3Harris Technologies-built (NYSE: LHX) communications equipment to the government of Poland. The Defense Security Cooperation Agency said Wednesday L3Harris will serve as the principal contractor on the transaction, which covers the provision of multiband, multichan...
Christopher Kubasik, chair and CEO of L3Harris Technologies (NYSE: LHX), said the company plans to discontinue its merger and acquisition activity for the “foreseeable future” to strengthen its balance sheet and return all excess capital to shareholders. At the company’s investor day on Tuesday, Kubasik stated that the Melbourne, Florida-b...
The State Department has approved Saudi Arabia’s potential $582 million foreign military sale request to procure hardware and software from the U.S. government to replenish and modernize its RE-3A tactical airborne surveillance system aircraft fleet. The proposed FMS deal covers seven Global Positioning System/Inertial Navigation System securi...
Ted Colbert, president and CEO of Boeing’s (NYSE: BA) defense, space and security business, has been elected to serve as chair of the Aerospace Industries Association’s board of governors for 2024. Colbert, who also serves as an executive vice president at Boeing, succeeds Tom Gentile as chairman and will serve on the association’s exe...
An affiliate of private equity firm TJC has agreed to acquire the commercial aviation solutions business of L3Harris Technologies (NYSE: LHX) for approximately $800 million. L3Harris said Monday it expects the transaction to conclude in the first half of 2024, subject to regulatory approvals and other customary closing conditions. “Today’s annou...
Murali Krishnan, most recently sector vice president of strategic growth at Northrop Grumman’s (NYSE: NOC) mission systems business, has been promoted to sector VP and general manager of the payload and ground systems division within the Falls Church, Virginia-based aerospace and defense contractor’s space systems business, GovCon Wire has l...
Laura Wilde, an industry executive focused on advancing quality management across international organizations, has joined the maritime business unit of U.K.-based defense and security company Ultra Electronics as vice president of quality. She will be based in the U.S. and will report to Carlo Zaffanella, president and CEO of Ultra Maritime, as she ...
