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...
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...
