Tag Archives: lhx

The CEOs of eight defense contractors wrote separate letters to the White House and the Department of Defense saying that the money sourced from DoD’s budget to help companies retain highly skilled employees during the COVID-19 pandemic should be replaced with new funds to prevent military modernization programs from being jeopardized, Reuters reported Thursday.

A subsidiary of L3Harris Technologies (NYSE: LHX) has been awarded a potential five-year, $135.8M contract to develop and test an optronic sensor technology for U.S. Navy submarines.

Heidi Wood, an aerospace and defense industry veteran, has been appointed acting president of defense and security group at CAE (NYSE: CAE). She will replace Todd Probert, who will step down on June 26 from his role to join the U.S. national security community, CAE said Tuesday.

The U.S. Air Force has awarded 27 companies spots on a potential five-year, $950M contract to develop and operate systems across ground, air, maritime, space, electromagnetic spectrum and cyber domains in support of the Joint All Domain Command and Control program.

Leidos (NYSE: LDOS) has finalized its acquisition of security detection and automation businesses of L3Harris Technologies (NYSE: LHX) for approximately $1B in cash. Jim Moos, president of Leidos’ civil group, will oversee the acquired businesses, which operate with over 1,200 employees combined and provide automated tray return systems, airport screening products and other industrial automation platforms to customers in the government, critical infrastructure, transportation and aviation markets, Leidos said Monday.

American Holoptics, a Koucar Management affiliate, has agreed to acquire L3Harris Technologies’ (NYSE: LHX) EOTech business for an undisclosed sum. The acquisition is expected to be finalized by mid-2020, subject to customary closing conditions, the companies said in a joint release published Tuesday.

L3Harris Technologies (NYSE: LHX) has received a multimillion-dollar contract from the U.S. Air Force to develop a platform designed to help the military identify objects in large sets of imagery data using artificial intelligence, C4ISRNET reported Wednesday.

L3Harris Technologies (NYSE: LHX) has been awarded a five-year, $383.2M contract to produce high-frequency radios and associated equipment for the U.S. Marine Corps.

Brian Fitzpatrick, chief growth officer of LMI, has been selected by the board of directors to replace David Zolet as the company’s CEO on an acting basis. Zolet, who also serves as LMI president and a 2020 Wash100 award winner, will step down from his current roles to pursue a new career opportunity, while the board will begin its search for his replacement as permanent president and CEO, LMI said Tuesday.

Jeff Druessel, former senior director of the national security space division at L3Harris Technologies’ (NYSE: LHX) applied defense solutions subsidiary, has been appointed vice president of strategic development at Riverside Research.