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Tag Archives: L3 Technologies

Christopher Kubasik: L3 to Continue Investment Strategy After Vertex Aerospace Business Sale

New York-based investment firm American Industrial Partners has closed its purchase of Vertex Aerospace businesses from L3 Technologies (NYSE: LLL) for approximately $540 million in cash. The transaction initially announced in May is subject to customary adjustments and covers the acquisition of L3’s TCS and Crestview Aerospace business units that operate under the technology contractor’s aerospace …

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L3 Buys Applied Defense Solutions in Space Capability Expansion Push; Christopher Kubasik Comments

L3 Technologies (NYSE: LLL) has purchased Columbia, Md.-based aerospace engineering and space situational awareness services provider Applied Defense Solutions for approximately $50 million in a move to build up its space mission capabilities. L3 said Monday it will operate the newly acquired firm as L3 ADS to provide space exploration, space systems mission …

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L3, Optics 1 Land Spots on $236M Army Laser Range Finder Supply Contract

The U.S. Army has selected L3 Technologies (NYSE: LLL) and Optics 1 to compete for orders to manufacture Small Tactical Optical Rifle Mounted Micro-Laser Range Finder systems under a potential seven-year, $236 million contract. Two bids were submitted to the Army Contracting Command for the firm-fixed-price contract that runs through June 20, 2025, the Defense …

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L3 to Supply Army Night Vision Goggles Under $391M Contract; Christopher Kubasik Comments

L3 Technologies (NYSE: LLL) has received a three-year, $391 million contract to produce binocular night vision goggles for the U.S. Army. The company said Monday it will supply the military service with Enhanced Night Vision Goggle–Binocular devices to help ground forces engage threats and obtain a common operating environment. ENVG-B is equipped with …

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General Atomics Picks Industry Partners in Bid for Canada’s RPA Project

TYSONS CORNER, VA, May 31, 2018 — General Atomics’ aeronautical systems unit has created an industry team aimed at addressing Canada’s requirements for multimission remotely piloted aircraft systems, ExecutiveBiz reported Wednesday. The company said Tuesday it partnered with CAE, L3 Technologies’ (NYSE: LLL) Wescam subsidiary and Maxar Technologies’ (NYSE: MAXR) MDA business …

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James Blair Promoted to L3 VP, Treasurer

James Blair Jr., vice president of financial operations at L3 Technologies (NYSE: LLL), has been promoted to vice president and treasurer at the New York City-based defense contractor. L3 said Thursday Blair succeeds Stephen Souza and and oversee the company’s global banking, foreign exchange, capital markets, rating agency relations, cash planning …

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L3 President, CEO Christopher Kubasik Succeeds Michael Strianese as Board Chairman

Christopher Kubasik, president and CEO of L3 Technologies (NYSE: LLL), has succeeded Michael Strianese as chairman of the New York City-based defense contractor’s board of directors. Kubasik said in a statement released Monday he will continue to work with L3’s board and management team to implement business transformation and growth efforts. He …

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Bloomberg Government: Navy Plans $12.6B Contract Vehicle for Aircraft Support Services

The U.S. Navy looks to consolidate as many as 15 contracts for aircraft maintenance and logistics support services into a potential seven-year, $12.6 billion contract vehicle, Bloomberg Government reported Monday. A pre-solicitation conference on the Contracted Maintenance, Modification, Aircrew and Related Services program is scheduled to take place in California, …

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Executive Mosaic’s Weekly GovCon Round-Up: Wash100 GCW Reader’s Choice Awardees, Recent M&A Activity and Top 10 Stories

The Week’s Top GovCon News Stories View this email in your browser Weekly Roundup April 30 – May 4, 2018 Click here to see Real-Time GovCon Sector Quotes Executive Mosaic’s Weekly GovCon Round-Up: Wash100 GCW Reader’s Choice Awardees, Recent M&A Activity and Top 10 Stories Jim Garrettson, Executive Mosaic CEO Wash100: GCW …

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L3 Names John Kim VP of Investor Relations, Analytics

L3 Technologies (NYSE: LLL) has appointed John Kim, former senior analyst at SAB Capital, to serve as vice president of investor relations and analytics. In his new role, Kim will oversee L3’s investment community engagement, reporting directly to Heidi Wood, senior VP of strategy and technology, the company said Monday. He will also …

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