The sale could help L3Harris pay down debt and focus as a defense supplier.
By Michael MarrowThe new partnership aims to stand up a “multi-user rocket motor facility” in Australia that can meet needs for munitions and space launch.
By Michael MarrowAfter failed bid to buy Aerojet Rocketdyne, Lockheed is “endeavoring… to create another supplier,” CEO Jim Taiclet told lawmakers.
By Michael Marrow“We were advised today that the FTC will not block our acquisition of Aerojet Rocketdyne; therefore, we are
moving forward to close the transaction on or about July 28,” wrote L3Harris CEO Chris Kubasik in a note to investors.
Eyeing risks of losses, L3Harris’ Chris Kubasik said, “I think the industry as a whole is going to continue to no-bid these contracts until [DoD uses] the right vehicles.”
By Michael MarrowThe deal, which is subject to approval by the Federal Trade Commission, is expected to close in 2023.
By Valerie Insinna“This will easily be Buy American Act [compliant]. It’s not even going to be close,” L3Harris CEO Chris Kubasik said of the effort with Brazil’s Embraer.
By Aaron MehtaMarillyn A. Hewson named as #Lockheed Martin CEO effective January after board ousts Chris Kubasik. Bob Stevens, current CEO, will remain on board ColinClarkAOL
By Colin ClarkChris Kubasik, anointed incoming CEO for #Lockheed Martin, forced to resign after "lengthy and close personal relationship with a subordinate." ColinClarkAOL
By Colin ClarkThis is one of those videos we’ll put up occasionally just for the record. It’s the only way most folks are going to know that Air Force Chief of Staff Mark Welsh visited the F-35 plant in Fort Worth and voiced strong support for the plane. Welsh’s remarks come as Lockheed declared yesterday afternoon during…
By Colin Clark