L3Harris Technologies (NYSE:LHX) has embarked on a significant partnership with Accenture (NYSE:ACN) to accelerate its digital and technological evolution. This alliance, which is a part of the LHX NeXt transformation initiative, aims to establish a robust digital core and innovate new operational methodologies to enhance efficiency and foster growth. Under this collaboration, L3Harris will tap […]
In a strategic move to bolster its position in the defense industry, Kanders & Company, Inc., a prominent U.S.-based single-family office, has announced a definitive agreement to acquire certain antenna and test equipment businesses from L3Harris Technologies (NYSE: LHX) for a total of $200 million. This acquisition signals a significant expansion for Kanders, marking its […]
The Space Development Agency (SDA) has announced a major advancement in global security with the award of three prototype agreements to establish the Tranche 2 (T2) Tracking Layer. This initiative will deploy 54 satellites equipped with missile warning/missile tracking (MW/MT) infrared sensors and fire control-quality infrared sensors, significantly enhancing missile defense capabilities as part of […]
L3Harris Technologies has bagged a contract worth $40 million from the US Department of Defense (DoD) for the supply of 14 Vehicle Agnostic Modular Palletized ISR Rocket Equipment (VAMPIRE) multi-purpose weapons systems to be used by the Ukrainian Army. According to L3Harris Technologies, the portable VAMPIRE kit will enable Ukraine soldiers in targeting and shooting […]
L3Harris Technologies has agreed to acquire rival aerospace and defense firm Aerojet Rocketdyne, a subsidiary of Aerojet Rocketdyne Holdings, in an all-cash transaction valued at $4.7 billion, including the assumption of net debt. Through its second acquisition announcement of 2022, L3Harris Technologies anticipates further improving its delivery of critical capabilities to warfighters and supporting the […]