William Brown, former chairman of the board and CEO of L3Harris Technologies (NYSE: LHX), will take on the role of chief executive of multinational conglomerate 3M (NYSE: MMM) on May 1. He will succeed Michael Roman, who will transition to the role of executive chairman of the board at 3M in May, the company said...
A Palantir Technologies (NYSE: PLTR) subsidiary has secured a $178.4 million contract from the U.S. Army to develop a next-generation intelligence ground station system for collecting and disseminating sensor data. Palantir USG will build five basic and five advanced variants of the Tactical Intelligence Targeting Access Node ground station system, ...
Robert Roughsedge, a business development professional, has joined Leidos (NYSE: LDOS) as a vice president responsible for leading strategic captures across the Reston, Virginia-based technology services contractor. He announced the move in a LinkedIn post published Monday. Roughsedge most recently served as director of business development and stra...
L3Harris Technologies (NYSE: LHX) reported double-digit revenue growth in the fourth quarter and full-year 2023 and gave financial guidance for 2024, including revenue growth, free cash flow and dividend payout. “We delivered on our 2023 financial commitments and reported record backlog of $33 billion,” Christopher Kubasik, chair and CEO...
The U.S. Space Force has awarded a Kratos Defense and Security Solutions (Nasdaq: KTOS) business, L3Harris Technologies (NYSE: LHX) subsidiary Aerojet Rocketdyne and Corvid Technologies positions on a potential $877 million follow-on contract to provide suborbital launch support services for the Rocket Systems Launch Program.Hear government leaders ...
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...
American Systems has chosen its Account Management Director Babak Nouri to replace John Steckel as vice president of corporate development. Nouri's new leadership responsibilities will include mergers and acquisitions, legislative affairs and other business development areas....
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...
