Tag Archives: william brown

L3Harris Technologies (NYSE: LHX), the new company formed by the merger of defense contractors Harris and L3 Technologies, has organized its operations into four business segments with the goal to help government and commercial customers address mission requirements. Melbourne, Fla.-based L3Harris said Monday it expects to generate $17B in annual revenue through its operating businesses that will offer a range of technology platforms in the air, sea, land, space and cyber areas.

Jesus “Jay” Malave, a more than 20-year United Technologies Corp. (NYSE: UTC) veteran, has joined L3Harris Technologies (NYSE: LHX) as senior vice president and chief financial officer.

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. …

L3 Technologies (NYSE: LLL) and Harris (NYSE: HRS) have agreed to merge in an all-stock deal that will establish the country’s sixth largest defense technology company serving government and industry clients across more than 100 countries. The combined company will operate as L3 Harris Technologies in Melbourne, Fla., upon the deal’s …

TYSONS CORNER, VA, Nov. 22, 2016 —  Aerospace Industries Association has elected Roger Krone, Leidos (NYSE: LDOS) chairman and CEO, to its executive board of governors for 2017, GovCon Executive reported Friday. Krone will join Boeing (NYSE: BA) CEO Dennis Muilenburg and Raytheon (NYSE: RTN) CEO Thomas Kennedy, who will respectively serve as …

Textiles and materials processing company Albany International (NYSE: AIN) has agreed to purchase the aerostructures business of Harris Corp. (NYSE:HRS) for $210 million, which includes a $187 million cash portion and a $23 million lease. Harris said Monday both companies expect to close the acquisition sometime between March and the early part of …

Rahul Ghai, currently vice president of finance integration at Harris Corp. (NYSE: HRS),  has been appointed to succeed the departing Mick Lopez as senior vice president and chief financial officer in a move that takes effect Feb. 11. Ghai will bring more than 20 years of financial leadership experience to his new roles …

Harris Corp. (NYSE: HRS) has unveiled the company’s new business structure that will take effect Friday, almost one month after the defense and communications technology maker closed its $4.75 billion acquisition of Exelis. Harris said Wednesday its reorganization into four business units will coincide with the end of the company’s 2016 fiscal year on Friday. …

Harris Corp. (NYSE: HRS) has closed its $4.75 billion cash-and-stock acquisition of Exelis nearly three months after the companies announced the transaction, which sees Harris shareholders own 85 percent and Exelis shareholders hold 15 percent in the combined company. “The Exelis acquisition is transformative… and marks a major milestone in Harris’ …

William Brown, president and CEO of Harris Corp. (NYSE: HRS) since November 2011, has been appointed to succeed Thomas Dattilo as chairman of the board. The board’s independent directors have also named Dattilo as a lead independent director after a review of the board’s governance structure, Brown said Friday. Dattilo became …