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L3Harris CEO Provides DOGE’s Musk and Ramaswamy Recommendations to Modernize National Defense Ecosystem

1. L3Harris CEO recommends defense policy changes to Musk and Ramaswamy. 2. Proposals aim to enhance U.S. national security efficiency. 3. Recommendations include centralizing procurement and limiting contract protests. 4. CEO's position suggests strong industry influence and credibility. 5. Changes may directly affect LHX's operational costs and project bidding.

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Why Bullish?

The proposed changes could streamline L3Harris procurement, enhancing profitability. Similar past reforms have positively affected defense contractors' stock values.

How important is it?

The article discusses strategic recommendations that could significantly influence LHX's operations and market position. Active engagement with government leaders showcases LHX's proactive stance on defense projects.

Why Short Term?

Immediate focus on policy changes indicates potential quick impacts on LHX projects. Historical shifts in defense policies often yield rapid market responses.

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L3Harris CEO Provides DOGE’s Musk and Ramaswamy Recommendations to Modernize National Defense Ecosystem

MELBOURNE, Fla.--( )--L3Harris Technologies (NYSE: LHX) Co-founder, Chair and CEO Christopher E. Kubasik penned an open letter today to the leaders of the Department of Government Efficiency (DOGE) with recommendations to modernize America’s national defense ecosystem.

The letter to Elon Musk and Vivek Ramaswamy included policy proposals that would ensure the U.S. government is able to fulfill its most fundamental responsibility – keeping our homeland safe by securing the borders and protecting and defending American interests around the world.

Kubasik, who was recently elected Chair of the Aerospace Industries Association, is a multi-decade leader in the defense industry with significant insight into the Pentagon’s acquisition process. He offered Musk and Ramaswamy four specific recommendations:

  1. Eliminate duplicative Cost Accounting Standard requirements for all companies in the defense acquisition system.
  2. Establish a central contracting arm within the Office of the Secretary of Defense to manage joint procurement programs.
  3. Require certified cost and pricing data for only the largest sole-source acquisitions or significantly raise the threshold for those that require such data.
  4. Limit a contractor’s ability to protest a contract award to three times per year.

Kubasik’s full letter to Musk and Ramaswamy can be viewed here.

About L3Harris Technologies

L3Harris Technologies is the Trusted Disruptor in the defense industry. With customers’ mission-critical needs always in mind, our employees deliver end-to-end technology solutions connecting the space, air, land, sea and cyber domains in the interest of national security. Visit L3Harris.com for more information.

Contacts

Sara Banda
Media Relations
Media@L3Harris.com
321-306-8927

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