Luke Savoie, formerly president of intelligence surveillance and reconnaissance at L3Harris Technologies (NYSE: LHX), has been chosen by the board of directors at Elbit Systems‘ (Nasdaq: ESLT) U.S. subsidiary to succeed retiring President and CEO Raanan Horowitz. Horowitz will step down from the dual role on March 31, 2024, after a 34-year car...
L3Harris Technologies (NYSE: LHX) has officially added a business segment upon the completion of the Melbourne, Florida-based aerospace and defense contractor’s $4.7 billion cash purchase of propulsion system builder Aerojet Rocketdyne. Both parties first announced the $58-a-share deal in December 2022, with the acquirer aiming to grow its bus...
L3Harris Technologies (NYSE: LHX) reported $4.69 billion in second-quarter revenue, up 13 percent from the prior-year period, and lifted sales outlook for 2023 with growth across the company’s three core business segments. The Melbourne, Florida-based aerospace and defense contractor now expects full-year revenue of between $18.0 billion and $...
Tony Calderon, formerly a chief financial officer within Raytheon Intelligence & Space, has been appointed vice president of finance for the integrated mission systems unit at L3Harris Technologies (NYSE: LHX). He announced his new position in a LinkedIn post published Sunday and will oversee the financial performance of an organization that off...
L3Harris Technologies (NYSE: LHX) will produce a set of equipment and communication tools for the U.S. Air Force Tactical Air Control Party-Modernization program under a $246.4 million indefinite-delivery/indefinite-quantity contract. Under the IDIQ award, L3Harris will manufacture tactical radios, ancillary components and radio sets and stations fo...
The State Department has approved Kuwait’s request to continue its purchase of engineering technical and maintenance support services for C, D, E and F variants of the F/A-18 fighter aircraft from the U.S. government under a potential $1.8 billion foreign military sales agreement. Sigmatech, Kay and Associates, KBR (NYSE: KBR), L3Harris Techno...
D-Fend Solutions has named two vice presidents and one general manager to help the counter-drone technology provider accelerate its growth initiatives in the U.S. market. The company on Tuesday announced the appointments of S. Danny Rajan as U.S. general manager, Michael Langman as vice president of strategic partnerships and Brett Feddersen as VP o...
L3Harris Technologies (NYSE: LHX) will produce 4,343 units of handheld, manpack and small form fit radios for the U.S. Army under a purchase order worth $196 million. The service branch placed the order under a potential 10-year, $12.7 billion Joint Tactical Radio System contract awarded to Harris, now L3Harris, and two other vendors in 2016,...
A new McAleese & Associates report estimates most defense prime contractors recorded a 3 percent growth in sales during the first quarter of 2023, indicating that labor availability is improving and supply chain deliveries are starting to stabilize. Jim McAleese, founder of McAleese & Associates and a three-time Wash100 winner, offered an an...
The U.S. Air Force has awarded L3Harris Technologies (NYSE: LHX) a potential $80.8 million contract to build and conduct experiments to test satellite communications systems designed to operate with space-based internet constellations operating in geostationary, medium and low-Earth orbits. Contract work will occur in Salt Lake City under the Defens...
