Year two post merger, L3Harris looks toward $1B more in divestitures
One year post merger, L3Harris is a third of the way to its goal of shedding roughly $1.5 billion of the company, with COVID-19 slowing progress. What's coming for year two?
One year post merger, L3Harris is a third of the way to its goal of shedding roughly $1.5 billion of the company, with COVID-19 slowing progress. What's coming for year two?
Less than a year after announcing plans to combine into a $121 billion company, Raytheon and United Technologies are officially no more.
The merger between two defense giants got the green light from the U.S. Department of Justice, under the condition that divestitures already in the works move forward and another piece of business is shed.
Defense companies with substantial exposure to commercial markets are taking dramatic measures to limit overhead and preserve cash amid the global coronavirus pandemic.
NATO did continue its upward trend in defense spending during 2019, reports Secretary General Jens Stoltenberg.
At the start, this was a health care crisis certainly, an economic crisis potentially. Now it's clear that no market is unaffected, and I join the rest of the world in wondering where the defense industry will land.
The decision to sell its airport security business for $1 billion is the first of more transactions, says L3Harris CEO Bill Brown.
A few key Silicon investors have emerged as the exceptions to the rule, placing bets on defense startups. And a lot is riding on their success.
Tech that can be adapted from the commercial market to serve the needs of the military is core to the Defense Department's innovation strategy. But those willing to put money toward the big ideas think it’s the wrong approach.
In an exclusive interview in December, the Pentagon Chief Information Officer Dana Deasy shared his priorities and strategy reshaping defense technology.