Military communication equipment provider Harris Corp has won European Union approval for the acquisition of L3 Technologies Inc, on the condition that Harris sells its night vision global business, the EU Commission said on Friday. The EU antitrust regulator found that the merger would have reduced competition in the European markets for image intensification night vision devices and image intensification tubes. Harris offered to sell its night vision business before completing the deal, and the Commission accepted the remedy, Brussels said in a statement.
The ratings on seven P&I classes were affirmed because the transaction's key metrics, including Moody's loan-to-value (LTV) ratio, Moody's stressed debt service coverage ratio (DSCR) and the transaction's Herfindahl Index (Herf), are within acceptable ranges. Moody's rating action reflects a base expected loss of 5.3% of the current balance. Moody's base expected loss plus realized losses is now 5.2% of the original pooled balance.
The Boeing Company's (BA) current forecast through 2028 has been made keeping in mind the U.S. government's ongoing efforts in modernizing various military platforms and systems.
Rating Action: Moody's withdraws all ratings for L3 Technologies following completion of merger with Harris Corp. New York, July 09, 2019 -- Moody's Investors Service ("Moody's") has withdrawn all ratings for L3 Technologies, Inc. ("L3") following L3's merger with Harris Corporation (Harris Corporation was subsequently renamed L3Harris Technologies, Inc.) The merger closed as was expected when Baa3 ratings were assigned to the senior unsecured exchange notes of L3Harris Technologies (see press release dated May 30, 2019 at https://www.moodys.com/research/Moodys-rates-senior-unsecured-exchange-notes-of-L3Harris-Technologies--PR_401832).
L3 Technologies (LLL) is a promising bet for investors, courtesy of these four factors.
The all-important S&P 500 is about to get a new constituent, and the CEO of a hot tech stock takes a seat.
Post completion, Harris (HRS) and L3 Technologies (LLL) shareholders will own approximately 54% and 46%, respectively, of the combined company - L3 Harris Technologies, Inc.
Insider Monkey finished processing more than 738 13F filings submitted by hedge funds and prominent investors. These filings show these funds' portfolio positions as of March 31st, 2019. What do these smart investors think about L-3 Technologies, Inc. (NYSE:LLL)? L-3 Technologies, Inc. (NYSE:LLL) was in 28 hedge funds' portfolios at the end of March. LLL […]
The proceeds of the new notes will refinance the company's $400 million of 2.7% senior unsecured notes due April 27, 2020. For provisional ratings, this announcement provides certain regulatory disclosures in relation to the provisional rating assigned, and in relation to a definitive rating that may be assigned subsequent to the final issuance of the debt, in each case where the transaction structure and terms have not changed prior to the assignment of the definitive rating in a manner that would have affected the rating.
L3 Technologies' (LLL) Micreo acquisition played a key role in winning the latest deal pertaining to the submarine photonics mast programs.
Military communication equipment providers Harris Corp and L3 Technologies Inc have won U.S. antitrust approval for their merger, the Justice Department said on Thursday. Increased defense 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. The government required that the companies sell Harris' night vision business to win approval for the proposed transaction.
NEW YORK , June 24, 2019 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600: S&P MidCap 400 constituent MarketAxess Holdings Inc. ...
Stock investors concerned about market turmoil ahead may consider taking a look at seven stocks that could outperform as U.S. defense spending balloons. Aerospace and defense stocks as a group have already beaten the broader market this year, illustrated by the more than 30% gain of the SPDR Aerospace & Defense ETF (XAR) in 2019, as noted in a detailed story in the Wall Street Journal.