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Tag Archives: L3 Technologies

L3 Wins Potential $500M USAF Contract to Update C-130H Transport Aircraft Avionics

L3 Technologies (NYSE: LLL) has won a potential $499.6M contract to update the avionics system of C-130H airlifters operated by Air National Guard and Air Force Reserve Command. USAF received six offers for the fixed-price-incentive-firm contract covering production, training and logistics support work on 176 C-130Hs, the Department of Defense said Tuesday.

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L3, Morpho Detection, Reveal Imaging Get TSA Explosive Detection System Production IDIQs

The Department of Homeland Security’s Transportation Security Administration has awarded three separate sole-source, indefinite-delivery/indefinite-quantity contracts to L3 Technologies (NYSE: LLL), Morpho Detection and Reveal Imaging Technologies to produce and install explosive detection systems. A FedBizOpps notice posted Tuesday says L3 will manufacture eXaminer 6700 Medium Speed EDS under a five-year, …

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Mark Schmaltz, Michael Maughan, Kenneth Lowe Named to VP Roles at Cubic’s Defense Business

Cubic‘s (NYSE: CUB) defense business has named three executives to vice president roles to oversee digital product innovation, growth efforts and revenue streams. Mark Schmaltz, a business and program management executive, has joined Cubic as VP and general manager of the newly created synthetic and digital solutions business line, the …

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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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