Search Results for: L3Harris Technologies

Harris, L3 All-Stock Merger Completed to Form L3Harris Technologies; Christopher Kubasik, William Brown Quoted

The all-stock merger between L3 Technologies and Harris Corp. has been completed to form L3Harris Technologies (LHX), the new company announced on Monday. L3Harris is officially the sixth largest defense company in the United States worth approximately $17 billion in revenue with over 50,000 employees. The company also announced the details regarding its own leadership, the board of directors and organizational structure. 

Read More »

CAE Signs $1B Deal for L3Harris’ Military Training Unit; Marc Parent Quoted

Marc Parent President

CAE has agreed to buy the military training segment of L3Harris Technologies for approximately $1.05 billion in a strategy to access multiple programs aimed at preparing U.S. warfighters for aircraft and weapon system operations. Montreal-based CAE said Monday it expects to close the transaction in the second half of this year. Marc Parent, president and CEO of CAE, said the company aims to accelerate its growth strategy in the defense and security space through the acquisition and expand its U.S. market presence.

Read More »

L3Harris to Develop, Integrate Systems for Fincantieri-Made Navy Frigates Under $300M Contract

FFG-62 frigate Concept art

L3Harris Technologies has secured a potential $300 million subcontract to provide subsystems and related integration services for a new class of guided-missile frigates being developed by Fincantieri Marinette Marine under a U.S. Navy surface combatant program. The company said Monday it will produce and integrate major subsystems for the FFG 62 frigate, which the Navy plans to build at least 10 of.

Read More »

Inmarsat Approves L3Harris Satellite Terminal for Global Xpress Broadband Service

L3Harris DarkWing

An L3Harris Technologies-built very small aperture terminal has been certified for military and commercial use on Inmarsat’s Global Xpress satellite broadband connectivity network. Inmarsat granted Category 1 and Category 4 approval for the DarkWing VSAT offering to help customers gain high-speed internet access, connect to virtual private networks and transmit videos, L3Harris said Monday.

Read More »

L3Harris to Provide Air Force With Ballistic Missile Training Systems

L3Harris

L3Harris Technologies will develop and deliver systems through which U.S. Air Force personnel would train to operate a new intercontinental ballistic missile, National Defense Magazine reported Tuesday. The company will perform this work as a subcontractor to support the Ground-Based Strategic Deterrent missile under an existing $13.3B contract held by Northrop Grumman.

Read More »