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In October 2018, Harris and L3 announced an all-stock "merger of equals". As part of that deal, Harris was required to sell its night vision division. The reasoning was that a merger of Harris and L3's night vision departments would create an effective monopoly on the night vision industry. [23] The merger was completed in June 2019.
L3 Technologies, formerly L-3 Communications Holdings, was an American company that supplied command and control, communications, intelligence, surveillance and reconnaissance systems and products, avionics, ocean products, training devices and services, instrumentation, aerospace, and navigation products.
When L3 merged with Harris Corporation in 2019 to form L3Harris Technologies, Kubasik was president and chief operating officer of the new company. He was appointed chief executive officer in June 2021 [2] and was appointed as chair in June 2022. [3] Prior to joining L3, Kubasik was president and COO of Lockheed Martin Corporation.
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Post completion, Harris (HRS) and L3 Technologies (LLL) shareholders will own approximately 54% and 46%, respectively, of the combined company - L3 Harris Technologies, Inc.
Previously, he was the president, CEO and chairman of Harris Corporation, [3] [4] [5] the company that merged with L3 Technologies to create L3Harris Technologies in 2019. [ 6 ] [ 7 ] [ 8 ] Mr. Brown's tenure at L3Harris was controversial within the company, and he developed a deeply unfavorable reputation as someone who achieved stock price ...
BofA Securities analyst Ronald J. Epstein upgraded L3Harris Technologies, Inc. (NYSE:LHX) to Buy from Neutral and raised the price target to $300 from $240. The analyst writes that L3Harris ...