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Tag Archives: L3 Technologies

Elbit Systems to Acquire Harris Night Vision Business for $350M; Bezhalel Machlis Quoted

Elbit Systems of America (Nasdaq: ESLT) agreed to acquire the night vision business of Harris Corp. (NYSE: HRS) for approximately $350M. Harris said Friday the transaction is conditioned upon completion of its proposed merger with L3 Technologies (LLL) and customary closing conditions that include a receipt of all regulatory approvals. …

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L3, Harris Shareholders OK All-Stock Merger Deal; Christopher Kubasik, William Brown Quoted

Stockholders at L3 Technologies (NYSE: LLL) and Harris (NYSE: HRS) approved during their respective meetings Thursday the proposals needed to close the proposed merger of the companies. “This vote represents a key milestone in our merger process,” Christopher Kubasik, L3 chairman, president and CEO, said in a statement published Thursday. …

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L3 Wins $132M Air Force Sensor Technology Contract

L3 Technologies (NYSE: LLL) won a potential eight-year, $131.7M contract from the U.S. Air Force to develop a proximity sensor technology that will offer a “height of burst” feature for general purpose warheads. The company will replace the military branch’s current DSU-33D/B sensors in an effort to address obsolescence, performance …

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Executive Mosaic Launching 2019 GovConIndex, Names 30 Basket Stocks to Track Industry

Executive Mosaic has named a basket of 30 publicly traded GovCon firms that will make up this year’s GovConIndex. The index, scheduled to relaunch on March 4th, is an amalgam of GovCon stocks representing a cross-industry analysis of the overall performance of the GovCon sector. Stock prices are listed in …

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Harris, L3 Set April 4 Shareholder Vote on All-Stock Merger Deal

L3 Technologies (NYSE: LLL) and Harris (NYSE: HRS) will each hold a shareholder meeting on April 4 to decide on proposals needed to finalize the companies’ proposed merger through an all-stock transaction. Shareholders of record as of Feb. 22 will vote at the companies’ respective meetings, Harris and L3 said Monday. L3 …

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L3 to Continue USAF B-2 Aircrew Training Support Under $120M Contract; Christopher Kubasik Quoted

L3 Technologies (NYSE: LLL) has secured a potential $120M contract to help the U.S. Air Force train aircrews of the B-2 Spirit bomber fleet. The company said Tuesday it will continue to support the B-2 Aircrew Training System for the military service to hone the skills of B-2 pilots and maintenance and weapons-loading personnel. Christopher …

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PwC: Aerospace, Defense Sector Recorded $57.8B in 2018 M&A Deal Value

A new PwC report says the value of mergers and acquisitions in the aerospace and defense sector worldwide reached $57.8B in 2018, reflecting a 19 percent drop from the previous year. Despite the decline, PwC said the deal value in 2018 was 83 percent higher than the 10-year average and the third largest in …

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Navy Vet David Johnson Named L3 Strategy SVP for Comms & Networked Systems Segment

David Johnson, a 36-year veteran of the U.S. Navy, has joined L3 Technologies (NYSE: LLL) senior vice president of strategy for the company’s communications and networked systems business segment. L3 said Tuesday the retired vice admiral will oversee the segment’s business development, systems engineering, initiatives and programs. Johnson retired from the military …

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Air Force Names L3 Prime Contractor for F-16 Pilot Training Program; Christopher Kubasik Quoted

L3 Technologies (NYSE: LLL) has secured a potential $350M contract to help the U.S. Air Force train the military service’s F-16 pilots. The company said Tuesday it will serve as the prime contractor on the F-16 Simulators Training Program that consolidates previous weapons and tactics, trainer advanced sustainment and training system and mission …

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Harris Refiles Antitrust Notification for L3 Merger Deal

Harris (NYSE: HRS) has withdrawn and refiled a notification required under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 with regard to its proposed merger with L3 Technologies (NYSE: LLL). Harris resubmitted the notification Tuesday and the waiting period for the notice under the antitrust law is set to expire on Jan. 10, …

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