“To the extent we can get a good price for what we’ve identified as non-core [businesses], we’ll do it. But too many of the offers are coming in low and people think we’re desperate to sell, and I can assure you we’re not,” said L3Harris CEO Chris Kubasik.
By Michael MarrowNew Army mounted system won’t play favorites when it comes to C5ISR, EW and A-PNT
The CMOSS Mounted Form Factor will facilitate tech insertion for new capabilities while co-existing with the Mounted Family of Computer Systems.
The Missile Defense Agency recently accelerated plans to pick a winning vendor, a decision previously planned for next year.
By Michael Marrow The sale could help L3Harris pay down debt and focus as a defense supplier.
By Michael Marrow
DoD officials and outside experts have been wringing their hands for the past year over the state of the US supply chain for solid rocket motor technology, as stocks of munitions and missile systems reliant on SRMs — such as the Army’s Javelin shoulder-mounted anti-tank weapon, Guided Multiple Launch Rocket System (GMLRS), and Stinger missiles — have been depleted by sales to Kiev.
By Theresa Hitchens The 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 Marrow
“This is a broad and in a way campaign-like approach to strengthening our own supply chain and enabling multiple sources, really for even beyond our company for our industry, which I think is important,” Lockheed Martin CEO Jim Taiclet said of his firm’s endeavor to field a new solid rocket motor supplier.
By Michael Marrow
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Increased partnership and engagement from across government and industry is needed to drive integrated deterrence forward.
By Ross Niebergall, President, Aerojet Rocketdyne, an L3Harris Technologies company
Gray Eagle is the low-cost, low-risk answer to Army modernization
Gray Eagle STOL and Gray Eagle 25M are the best options for Army aviation as it assesses where to move from its current inflection point.
After failed bid to buy Aerojet Rocketdyne, Lockheed is “endeavoring… to create another supplier,” CEO Jim Taiclet told lawmakers.
By Michael Marrow
“I really see this as a fantastic opportunity to really rejuvenate [Aerojet] and nurture it to become the company we are confident it will become,” Ross Niebergall, the newly installed head of Aerojet, told Breaking Defense.
By Aaron Mehta Aerojet will now become a fourth business unit within L3Harris in a deal previously estimated at $4.7 billion.
By Aaron Mehta
“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 Marrow The Federal Trade Commission formally made a second request for information last month as it evaluates antitrust concerns associated with L3Harris acquiring one of only two major suppliers of solid rocket motors for the Pentagon.
By Michael Marrow
Raytheon executives said they see improvement for components like electronics, though shortages continue for castings, rocket motors and other key parts.
By Michael Marrow
