L3Harris to sell commercial aviation business for $800 million

L3Harris to sell commercial aviation business for $800 million
L3Harris to sell commercial aviation business for $800 million

The sale could help L3Harris pay down debt and focus as a defense supplier.

L3Harris, Australia’s NIOA team to produce domestic ‘rocket motors, boosters and warheads’

L3Harris, Australia’s NIOA team to produce domestic ‘rocket motors, boosters and warheads’
L3Harris, Australia’s NIOA team to produce domestic ‘rocket motors, boosters and warheads’

The new partnership aims to stand up a “multi-user rocket motor facility” in Australia that can meet needs for munitions and space launch.

Lockheed in ‘late stage negotiations’ with unnamed solid rocket motor supplier: CEO

Lockheed in ‘late stage negotiations’ with unnamed solid rocket motor supplier: CEO
Lockheed in ‘late stage negotiations’ with unnamed solid rocket motor supplier: CEO

After failed bid to buy Aerojet Rocketdyne, Lockheed is “endeavoring… to create another supplier,” CEO Jim Taiclet told lawmakers.

FTC won’t block L3Harris purchase of Aerojet Rocketdyne; CEO says deal to close this month

FTC won’t block L3Harris purchase of Aerojet Rocketdyne; CEO says deal to close this month
FTC won’t block L3Harris purchase of Aerojet Rocketdyne; CEO says deal to close this month

“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.

L3Harris CEO draws hard line against fixed-price development contracts

L3Harris CEO draws hard line against fixed-price development contracts
L3Harris CEO draws hard line against fixed-price development contracts

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.”

L3Harris acquiring Aerojet Rocketdyne for $4.7B

L3Harris acquiring Aerojet Rocketdyne for $4.7B
L3Harris acquiring Aerojet Rocketdyne for $4.7B

The deal, which is subject to approval by the Federal Trade Commission, is expected to close in 2023.

‘Tactical tanker’: Why L3Harris, Embraer think KC-390 offering can dodge new tanker wars

‘Tactical tanker’: Why L3Harris, Embraer think KC-390 offering can dodge new tanker wars
‘Tactical tanker’: Why L3Harris, Embraer think KC-390 offering can dodge new tanker wars

“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.

Marillyn Hewson Will Helm Lockheed Martin In Kubasik’s Stead

Marillyn A. Hewson named as #Lockheed Martin CEO effective January after board ousts Chris Kubasik. Bob Stevens, current CEO, will remain on board ColinClarkAOL

Lockheed Heir Apparent Chris Kubasik Resigns Over Affair

Chris Kubasik, anointed incoming CEO for #Lockheed Martin, forced to resign after "lengthy and close personal relationship with a subordinate." ColinClarkAOL

New Air Force Chief Offers Strong Support For Lockheed’s F-35 At Fort Worth Plant

This 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…