:

Business/Financial

L3Harris Consolidates Business Segments

By Cal Biesecker

Monday, January 3rd, 2022

SHARE:

L3Harris Consolidates Business Segments

Christopher "Chris" Kubasik, chairman and CEO of L3Harris Technologies. Photo: L3Harris

As a result of its portfolio shaping efforts, L3Harris Technologies [LHX] on Monday said it has reorganized from four business segments into three to more quickly develop and deliver capabilities for its customers. The three remaining segments include Integrated Mission Systems, Space and Airborne Systems, and Communications Systems. The businesses of the former Aviation Systems segment have been moved into Integrated Mission Systems and Space and Airborne Systems “in alignment with other aviation-focused businesses existing within those organizations,” L3Harris said…

Advanced / Transformational Technology

Pentagon May Make ‘Tradeoffs’ For Low-Cost Autonomous Tech Without Reconciliation Funds, CTO Says

The Pentagon’s chief technology officer has said the department may need to make “tradeoffs” on certain capability priorities if Congress doesn’t pass a reconciliation with $350 billion in requested defense […]

Congress

SASC’s FY ‘27 NDAA Sticks With Army’s Plan For Legacy Aviation Procurement Cuts

The Senate Armed Services Committee’s (SASC) version of the next defense policy sticks to the Army’s proposed plan to cut procurement of its legacy aviation fleet, and does not authorize […]

Congress

SASC Approves $1.14 Trillion FY ‘27 NDAA With ‘Right to Repair’ Reform, Stock Buyback Restriction

The Senate Armed Services Committee (SASC) has approved its $1.14 trillion version of the next defense policy bill, adopting “right to repair” reform to provide the military services’ greater ability […]

Congress

House Appropriators Unveil $1.07 Trillion FY ‘27 Defense Bill, Restore Funds For E-7, Army Aviation

House appropriators on Wednesday released their $1.07 trillion fiscal year 2027 defense spending bill, with the legislation reversing Army aviation cuts, restoring funding for the Air Force’s E-7 Wedgetail program […]