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Business/Financial

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

By Cal Biesecker

Friday, June 21st, 2019

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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

Munitions Fired Represent Most of $25 Billion Spent By Pentagon on Iran War So Far

Munitions fired in the two-month old “Operation Epic Fury” against Iran represent most of the $25 billion cost the Pentagon has incurred thus far in the conflict, the acting Defense […]

Congress

Slotkin: Pentagon Should Use Anthropic’s Mythos To Spot Cyber Security Gaps

The Pentagon should be using Anthropic‘s recently announced Mythos artificial intelligence model to spot gaps in cyber security, Sen. Elissa Slotkin (D-Mich.) said on Tuesda. “I think the thing that […]

Budd And Shaheen Bill Would Authorize 329 F-15EX Fighters

Two members of the Senate Armed Services Committee (SASC), Sen. Ted Budd (R-N.C.) and Sen. Jeanne Shaheen (D-N.H.), have introduced the Airpower Acceleration Act, which would authorize multi-year procurements of […]

Congress

HASC’s Wittman Sees ‘Challenging’ Push For $350B In Reconciliation Funds, Wants Sustained Defense Increase

NATIONAL HARBOR, Md.– Congress’ work to pass $350 billion in reconciliation funds to support the Trump administration’s push for a $1.5 trillion fiscal year 2027 defense topline is “going to […]