:

Business/Financial

Approval In Hand, Harris To Complete Acquisition Of L3 On June 29

By Cal Biesecker

Friday, June 21st, 2019

SHARE:

Approval In Hand, Harris To Complete Acquisition Of L3 On June 29

Harris Corp. Chairman, President and CEO William Brown. Photo: Harris

Harris Corp. [HRS] and L3 Technologies [LLL] on Friday said their merger into L3Harrris Technologies will close June 29, following Justice Department approval of the deal last week. The companies first announced the deal in October 2018, saying it would create a $16 billion aerospace and defense company giving it scale to be more cost competitive and with a more comprehensive portfolio to expand its end-to-end capabilities, while remaining a platform-agnostic supplier and integrator. Harris shareholders will own 54 percent…

Congress

House Sends Dec. 11 CR With Ship Construction Funds To Trump’s Desk For Final Signature

The House on Tuesday passed a stopgap funding bill to keep the government open through Dec. 11, sending the temporary funding measure that also includes funds to support ongoing shipbuilding […]

Missile Defense

Guetlein On Golden Dome: ‘We Cannot Protect This Nation And Bankrupt It At The Same Time’

While there has been criticism among missile defense advocates of Golden Dome’s development pace after the signing of an executive order in January last year, Space Force Gen. Michael Guetlein, […]

Missile Defense

Interview with Rep. Jeff Crank (R-Colo.), co-chair of the Golden Dome Caucus

Rep. Jeff Crank (R-Colo.), a co-chair of the Golden Dome Caucus in Congress and a member of the House Armed Services Committee’s strategic forces panel, discusses the transformative defense investments […]

Space

Space Force PAE For Infrastructure Completing Move To Colorado Springs

U.S. Space Force Space Systems Command’s (SSC) Portfolio Acquisition Executive (PAE) for infrastructure–a $4 billion contracting hub for SSC–is completing a move from Los Angeles Air Force Base, Calif. to […]