MELBOURNE, Fla. & NEW YORK–(Harris Corporation/L3 PR) –Harris Corporation (NYSE:HRS) and L3 Technologies, Inc. (NYSE:LLL) have agreed to combine in an all stock merger of equals to create a global defense technology leader, focused on developing differentiated and mission critical solutions for customers around the world.
Under the terms of the merger agreement, which was unanimously approved by the boards of directors of both companies, L3 shareholders will receive a fixed exchange ratio of 1.30 shares of Harris common stock for each share of L3 common stock, consistent with the 60-trading day average exchange ratio of the two companies.
Upon completion of the merger, Harris shareholders will own approximately 54 percent and L3 shareholders will own approximately 46 percent of the combined company on a fully diluted basis.
More detailed observations will improve marine, aviation forecasts and wildfire detection
WASHINGTON, DC. (NOAA PR) — NOAA is three days away from launching GOES-S, its newest geostationary weather satellite that will begin providing faster, more accurate data to track storm systems, lightning, wildfires, dense fog, and other hazards that threaten the western U.S., Hawaii, and Alaska.
“The GOES-S satellite will join GOES-16 and NOAA-20 as NOAA continues to upgrade its satellite fleet,” said Secretary of Commerce Wilbur Ross. “The latest GOES addition will provide further insight and unrivaled accuracy into severe weather systems and wildfires in the western United States.”
QUEBEC CITY, Jan. 15, 2018 (ABB Canada) – Successfully launched from Vandenberg Air Force Base in California, the JPSS-1 satellite is joining the NOAA/NASA Suomi National Polar-orbiting satellite in the same orbit to provide meteorologists with data on atmospheric temperature and moisture, clouds, sea-surface temperature, ocean color, sea ice cover, volcanic ash, and fire detection. The data will improve weather forecasting, such as predicting a hurricane’s track, and will help agencies involved with post-storm recovery by visualizing storm damage and the geographic extent of power outages.
EXPLORATION PARK, Fla., and AIRPORT CITY, ISRAEL (Space Florida PR) – Space Florida, the aerospace and spaceport development authority for the State of Florida, and the Israel Innovation Authority, created to maintain Israel’s position at the forefront of global innovation and to elevate the entire economy through technological innovation, announce the fourth-round winners of industrial research and development funding tied to the Space Florida-Israel Innovation Partnership Program.
WESTMINSTER, Colo. (DigitalGlobe PR) — DigitalGlobe, Inc. (NYSE: DGI), the global leader in earth imagery and information about our changing planet, today released the first public image from the recently launched WorldView-4 satellite, showcasing a level of clarity and information content that is unique to DigitalGlobe commercial imagery.
The U.S. Air Force has awarded contracts worth a maximum of $494.9 million each to 14 companies under its Hosted Payload Solutions (HoPS) program.
‘The purpose of the multiple awarded HoPS IDIQ [indefinite-delivery/indefinite-quantity] contract is to provide a rapid and flexible means for the government to acquire commercial hosting capabilities for government payloads,” according to the contract announcement. “The contract is designed to create a pool of qualified vendors to meet the government’s needs for various hosted payload missions.”
ARLINGTON, Va., May 20, 2014 (OmniEarth PR)– OmniEarth LLC announced today a partnership with Harris Corp., Draper Laboratory and Dynetics to create a constellation of satellites to deliver high resolution analytics-grade, multispectral imagery data and products, and hosted payloads to commercial and government customers. Imagery data and products will be for subscribers in the agriculture, energy, natural resources, mobile services and government communities.
The planned OmniEarth constellation of up to 18 satellites will cover 100% of the Earth once per day. OmniEarth’s imagery and analytics will enhance users’ ability to detect, analyze, react to and predict economic and environmental change in near real time.
The Florida Space Coast, hard hit by the economic meltdown and the end of the space shuttle program, got a couple of big shots in the arm on Wednesday as officials broke ground on two technology centers.
Gov. Rick Scott was on hand for groundbreaking ceremonies for the new $24 million Embraer Engineering and Technology Center USA at Melbourne International Airport. The governor also attended the groundbreaking on $100 million Harris Technology Center in nearby Palm Bay. Both projects represent expansions of existing operations in those locations backed by the financial support of state and local governments.