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cana

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cana Stock Chart & Research Data

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cana Due diligence Resources & Stock Charts

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Latest Financial News for cana


Harris and L3 agree merger to become sixth-largest U.S. defence contractor
Posted on Sunday October 14, 2018

Increased defence spending under U.S. President Donald Trump and the Republican-led Congress is driving contractors to pursue mergers so they have more scale to bid on bigger projects, spanning everything from upgrading computer systems to space exploration. In August, Trump signed a defence policy bill that authorized $639 billion in military spending such as buying weapons, ships, aircraft and paying troops. "We are in an environment where the economy is pretty strong, we know defence spending is coming up, the 2019 (federal) budget is up 3 percent over 2018, 2018 was up 9 to 10 percent over the prior year," Harris Chief Executive William Brown said in an interview.


Harris, L3 Technologies nearing agreement to merge - source
Posted on Saturday October 13, 2018

A deal, expected to be a merger of equals, could be announced by Monday, the person said. Harris, based in Florida, makes communications and electronics for battlefields, weather reporting and air traffic control. L3, based in New York, makes communications and electronics for the military, aviation, homeland security and others.


L3 hires former senior Lockheed official O'Bryan to head sales
Posted on Sunday July 15, 2018

L3 Technologies Inc (LLL.N) said on Sunday it hired former senior Lockheed Martin Corp (LMT.N) executive Steve O'Bryan as its global chief of business development, the latest in a series of appointments aimed at expanding the company's reach. O'Bryan's departure from Lockheed this past spring had come as a surprise to many in the industry, given his long years of work drumming up business for the company's F-35 fighter jet and in more recent years, helicopters, warships and other weapons. At L3, O'Bryan will be responsible for all aspects of organic growth, including U.S. military programmes and foreign sales, the company said.


L3's growth strategy guided by credit rating risk
Posted on Wednesday May 30, 2018

For L3 Technologies Inc (LLL.N), it's not a case of if but when the maker of everything from airport scanners to night vision equipment for the military will get bigger through acquisitions. The path that recently minted Chairman and CEO Chris Kubasik takes to deliver that growth to investors, however, is the big question. Bankers and industry executives are watching closely to see if L3 risks its investment grade credit rating with a major deal that could dwarf its acquisitions in the past.


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