L3Harris Technologies plans to divest $1B more in assets and continue post-merger integration as it works on building credibility and setting the company up for more acquisitions in the future, Defense News reported Thursday.
William “Bill“ Brown, CEO of L3Harris and a previous Wash100 Award winner, said he thinks potential buys would likely focus on the area of command, control, communications, computers, intelligence, surveillance and reconnaissance.
“The value of those capabilities and technologies will be even greater in the future in a near-peer competition,“ Brown told the publication in an interview. “It“™s not the platforms, but what the platforms do and how they interoperate that requires networks and new ways of communicating, which is in the sweet spot of the company. So I would imagine that anything we would do through acquisition would happen in that broad C4ISR domain.“
Christopher Kubasik, chief operating officer L3Harris and a 2020 Wash100 Award winner, shared with the publication his insights on the COVID-19 pandemic and how it prompted companies to come up with new approaches of doing business with clients worldwide.