Category: Economic Development

Global News Local Strength

BIG 3 CONTRACT WINNERS

December 21, 2018–The year is ending with good news on Florida’s Space Coast. Three firms with a big Space Coast presence are big winners with nine defense industry contracts totaling more than $280 million announced in the timeframe of Dec. 10-17, 2018, capping what is already described as a banner year.

A MERGER OF GIANTS

October 15, 2018 – Harris Corporation and L3 Technologies, Inc. have agreed to combine in an all stock merger of equals to create a global defense technology leader. The combined company to be named L3 Harris Technologies, Inc., will be the 6th largest defense company in the U.S. and a top 10 defense company globally, with customers in over 100 countries.

Proposed Aquarium

Proposed Aquarium

August 31, 2018 — Market research suggests that the aquarium could attract an average of 575,000 people a year, generate an estimated 50,688 nights a year in hotel room rentals, support 675 direct jobs, 262 spinoff jobs and $85.54 million in total economic impact on the area.

Lockheed Martin and Northrop Grumman logos

Lockheed Martin and Northrup Grumman contracts benefit our region

July 25, 2018 — Two of the biggest defense companies in the world scooped up additional contracts.
Lockheed Martin’s Aeronautics Co. won a 3-year contract for $175.3 million for the U.S. Navy for development, testing and activation of 13 different F-35 component repair capabilities in support of the F-35 Lightning aircraft.