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Latest Federal & Government Contracting Companies' News Coverage

Latest Federal & Government Contracting Companies' News Coverage

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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.

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The all-stock merger between L3 Technologies and Harris Corp. has been completed to form L3Harris Technologies (LHX), the new company announced on Monday. L3Harris is officially the sixth largest defense company in the United States worth approximately $17 billion in revenue with over 50,000 employees. The company also announced the details regarding its own leadership, the board of directors and organizational structure. 

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