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Archive for the ‘Press Release’ Category

L3HARRIS Technologies Announces Definitive Agreement to Sell Its Commercial Aviation Solutions Business to TJC for $800 Million

Sunday, December 3rd, 2023

MELBOURNE, Fla., Nov. 27, 2023 — L3Harris Technologies (NYSE: LHX) today announced the signing of a definitive agreement under which an affiliate of TJC L.P. will acquire L3Harris’ Commercial Aviation Solutions (CAS) business for $800 million. The acquisition includes a $700 million cash purchase price and $100 million earnout based on the achievement of certain 2023 and 2024 financial performance targets, which together represent an approximate 15x LTM 9/30 EBITDA purchase multiple. The transaction is expected to close in the first half of 2024 and is subject to customary closing conditions and regulatory approvals. 

“Today’s announcement is consistent with our multi-year strategy to optimize our national security, technology-focused portfolio,” said Christopher E. Kubasik, Chair and CEO, L3Harris. “Aligned with our capital allocation priorities, we plan to use the proceeds from this transaction to repay debt, which will accelerate our timeline to reach our debt leverage objective.”

The CAS transaction includes the sale of L3Harris’ surveillance joint venture and is subject to a right of first refusal; if exercised, an affiliate of TJC L.P. will acquire the rest of CAS.

L3Harris’ CAS business employs approximately 1,450 people and offers pilot training, flight data analytics, avionics, and advanced air mobility products and services, among other capabilities.

Morgan Stanley & Co. LLC and Moelis & Company are serving as financial advisors to L3Harris, and Sullivan & Cromwell LLP is serving as legal advisor. J.P. Morgan Securities LLC is acting as financial advisor, and Kirkland & Ellis LLP is serving as legal counsel for TJC L.P.

Military aid Societies Raise Over $270,000 on #GivingTuesday for Second-Annual #Battle4BraggingRights

Sunday, December 3rd, 2023

The organizations’ combined forces collect critical funds for service members and their families.

WASHINGTON (November 29, 2023) — On November 28, commonly known as #GivingTuesday, the combined forces of Navy-Marine Corps Relief Society (NMCRS), Air Force Aid Society (AFAS), Army Emergency Relief (AER) and Coast Guard Mutual Assistance (CGMA) raised over $270,000 in #Battle4BraggingRights. For the second consecutive year, the campaign mission was to secure essential funds to provide service members and their families with vital emergency relief, financial support and educational resources.

“The enthusiasm for #Battle4BraggingRights was once again alive and well as we challenged ourselves, through a friendly competition among the four military aid societies, to raise as much as possible for our service members and their families,” said retired U.S. Marine Corps Lt. Gen. Robert R. Ruark, NMCRS president and CEO.

#Battle4BraggingRights unfolded across social media platforms. Supporters were encouraged to visit and allocate their contributions to one of the four military aid societies. While the competition for which aid society could raise the most money was friendly, the people who the aid societies serve are the real winners.

“People really came out on Tuesday to support #Battle4BraggingRights, and these much-needed funds will allow us to continue programs and services that are vital to military personnel and veterans worldwide,” said former U.S. Air Force Command Chief Master Sgt. Kristina McBride, acting CEO for AFAS.

“I’m so proud of the Joint Force in supporting our second-annual #Battle4BraggingRights campaign to show a unity of effort. All of our donors are the absolute best in making this repeat event a great success!” said retired U.S. Coast Guard Rear Adm. Cari Thomas, CEO of CGMA.

For the second year, Lockheed Martin, a global security and aerospace company, generously donated $1 million during #Battle4BraggingRights on #GivingTuesday. This substantial matching pledge made the grand total for amount raised at over $1.25 million.

Commencing in 2012 as a Global Day of Giving, #GivingTuesday has galvanized countless individuals to rally behind their cherished causes.

Gun Tote’n Mamas Announces Expansion into Sportsman’s Warehouse

Saturday, December 2nd, 2023

NORTHBROOK, Illinois – November 29, 2023 – Gun Tote’n Mamas™, the leading provider of women’s protection solutions, is excited to announce its expansion into Sportsman’s Warehouse, making its high-quality concealed carry products more accessible to customers nationwide.

When it comes to personal safety, purchasing a reliable and durable concealed carry product is essential. Gun Tote’n Mamas (GTM) bags provide customers with the tools they need to confidently carry their firearms, ensuring peace of mind in any situation. With a wide range of thoughtfully made and rigorously tested CCW products, GTM is the perfect choice for anyone looking to prioritize personal safety without compromising on style.

Made from curated leather, these bags are not only stylish but also low maintenance and built to last. Each purse is meticulously crafted by the founder, who handpicks hides, determines construction, based on years in Luggage manufacturing, and creates structure to ensure that every bag meets the highest standards.

“At GTM, we prioritize the safety and satisfaction of our customers. Our bags are designed to provide a seamless and secure carrying experience, empowering women to protect themselves with confidence, and can trust that they are investing in the highest rated product in the market.” said Claudia Chisholm, President of GTM.

To guarantee the utmost reliability and safety, GTM bags undergo thorough testing by experienced firearm training professionals. Contrary to common misconceptions, we have successfully developed a system that allows for left, right and top drawability. This ambidextrous design ensures quick and easy access to your firearm when you need it most.

With over 40 years of experience in luggage construction, GTM understands the importance of durability. These bags have a remarkable 0.01% return rate, a testament to their exceptional quality standards. By choosing a GTM bag, Sportsman’s Warehouse customers can trust that they are investing in a product that has undergone peak construction and testing.

“With this rapidly growing market, we are offering essential needs of female firearm owners. We’re thrilled to be selling in Sportsman’s Warehouse, one of America’s top Outdoors retailers,” said Chisholm.

GTM bags are designed with security in mind. The shoulder straps are reinforced with 11 individual wires twisted together, making them slash-resistant and capable of carrying the weight of the purse, including a firearm, an extra magazine, and other self-defense essentials. The gun compartments feature only nylon coil zippers, ensuring reliable and quick access to your firearm in critical moments.

One customer shared their experience, stating, “I picked up this purse to go along with my GLOCK 43 as well as a revolver. Both guns fit nicely. I like how you can POSITION the holster at any angle that is comfortable for the user. The gun compartment has a zipper that gives you full access so you can easily position the holster and gun. This bag has lots of room to fit all of your everyday needs, along with your weapon. Everything stays SECURELY in the bag!”

Visit the GTM Dealer Locator to explore the wide range of GTM concealed carry handbags. With their exceptional quality, functionality and stylish designs, GTM bags are the perfect choice for anyone looking to prioritize personal safety without compromising on style.

Gun Tote’n Mamas remains committed to prioritizing women’s protection and providing a practical and reliable way to step out in style. For more information about GTM Original and its services, visit or call 847-446-0700 Ext. 105.

HOIST IV Level Hydration Announces Partnership with Melissa Bachman

Saturday, December 2nd, 2023

Cincinnati, OHIO (November 28, 2023) – HOIST® one of the fastest growing hydration beverages in the U.S., is thrilled to announce its latest partnership with Melissa Bachman.

Bachman is a prominent force in the outdoors industry, renowned for her hunting skills, her passion for conservation, and her role as host of the television program, Winchester Deadly Passion. This collaboration marks a significant milestone as both Bachman and HOIST join forces to promote hydration and maximize success within the outdoors community.

“We are beyond excited to partner with Melissa,” said HOIST Director of Marketing Taryn Lawson. “Melissa’s dedication to the outdoors industry and commitment to empowering others to lead an active and fulfilling lifestyle perfectly complements the HOIST mission.”

Winchester Deadly Passions documents Bachman’s hunting experiences and shares her insider tips as she hunts a variety of species from around the world, including thunderous bull elk and thousand-pound gators. Through her authentic portrayal of the outdoors lifestyle across her social channels, Bachman has amassed a following on YouTube, Instagram, Facebook, and television. Today, Bachman’s fast-paced content has built a community that shares in her passion for the outdoors and promotes adventure.

HOIST is dedicated to providing high-quality hydration solutions for those that push physical boundaries to its limits, making this community the perfect match. With a range of refreshing bottled beverages, as well as replenishing powder sticks and pouches, HOIST is made to support the performance levels that’s required of hunters who take to the outdoors for any extreme adventure. 

For more information about HOIST, visit

For more information about Melissa Bachman, visit or find and follow Melissa on social platforms @melissa_bachman. 

WhiteFox Defense Introduces Scorpion 3: Light Weight Man-Portable C-UAS Solution for Airspace Security

Friday, December 1st, 2023

Scorpion 3 Hand-Held Drone Detection Solution is Designed for Reliable Situational Awareness

WhiteFox Defense Scorpion 3 is a lightweight, portable drone detection solution.

SAN LUIS OBISPO, Calif., – As regional conflicts such as in Ukraine and Israel continue to pose significant challenges to security and stability, the demand for advanced solutions to mitigate the threats posed by drones has reached a critical juncture.  WhiteFox Defense Technologies, a leading provider of cutting-edge counter-drone solutions, announces the release of Scorpion 3, a lightweight, portable drone detection solution. Customer testing has shown that Scorpion 3 offers efficient and reliable situational awareness in any dynamic environment and can be coupled with WhiteFox mitigation solutions. The Scorpion 3 hand-held drone detection system is designed for security forces to protect personnel and critical infrastructure and preserve airspace sovereignty.

“After personally seeing Scorpion 3 used in Ukraine, I can confidently say that it is a game-changer in the world of Counter UAS solutions,” said Luke Fox, CEO of WhiteFox Defense.  “It not only provides robust protection from unauthorized drones but does so in a manner that is simple to use, cost-effective, and remarkably portable. We’re committed to securing the skies, and Scorpion 3 is a testament to that dedication.”

With an intuitive user interface and an array of specialized features, Scorpion 3 ensures comprehensive airspace awareness and security, making it the go-to Portable Counter UAS solution.

“Scorpion 3’s capability to swiftly and accurately detect unauthorized drones in any environment is a critical advancement in airspace security,” said Manu Srivastava, Chief Revenue Officer of WhiteFox Defense. “By introducing this innovative solution, we provide our customers with the most powerful and adaptable tool for safeguarding their operations.”

Unwanted drone intrusions can disrupt critical mission operations and pose significant security risks. Scorpion 3 automatically detects drone threats by creating a protective dome around the user. If an unauthorized drone enters this space, Scorpion 3 promptly detects, identifies, locates, and tracks the drone location and the precise location of the drone operator for immediate situational awareness and threat assessment. This empowers law enforcement, tactical units, and security personnel to focus on defending critical assets without delay.

For further information on Scorpion 3 and how it can elevate your organization’s airspace security, please visit our website at

Barrett Introduces New MRADELR Rifle

Friday, December 1st, 2023

December 1, 2023

MURFREESBORO, TENNESSEE — Barrett Firearms Manufacturing Inc., the leader in long range, is pleased to announce the commercial release of their newest, award-winning firearm, the MRADELR.

The MRADELR is a high quality, military tested, off-the-shelf, extreme long-range system with user changeable barrels and calibers.  Designed to deliver precision typically achieved only by custom-built rifles, this rifle expands the bolt-action, magazine-fed MRAD family to include 416 Barrett with additional large-caliber options to be available in the future. Boasting innovative technology, precision engineering, and exceptional materials, the MRADELR is yet another example of Barrett Firearms’ dedication to excellence.

Recently crowned the “Ballistic Best Editor’s Select” for the Best ELR Rifle, the MRADELR has demonstrated excellent precision and accuracy with its remarkable performance at the global King of 2 Miles competition earning a remarkable 2nd place finish as a production rifle competing primarily against custom builds. This rifle is poised to redefine the standards of long-range shooting, combining cutting-edge technology with precision engineering. With Barrett’s proven track record and recognition among the industry’s elite, their new MRADELR stands as a symbol of innovation and excellence, offering shooters an unrivaled experience in the world of extreme long-range marksmanship.

Bryan James, President of Barrett Firearms, commented on this momentous occasion stating, “This rifle is a testament to our unwavering commitment to pushing the boundaries of what is possible in long-range shooting. We look forward to sharing this innovation with the world at the 2024 SHOT Show and bringing the same capability to the hands of marksmen who demand nothing but the best.”

Barrett Firearms invites media, industry professionals, and shooting enthusiasts to visit their booth #10344 or Industry Day at the Range during the 2024 SHOT Show in Las Vegas, Nevada, from January 23–26, 2024, where they can experience the new product firsthand and learn more about this revolutionary rifle’s specifications and capabilities.

For more information please visit

RemArms LLC to Consolidate Firearms Operations in LaGrange, Georgia 

Thursday, November 30th, 2023

LaGrange – November 30, 2023 – The iconic Remington Firearms brand was founded in 1816, and today Remington Firearms (RemArms) operates as one of the United States’ largest domestic producers of shotguns and rifles. Chief Executive Officer, Kenneth R. D’Arcy today announced that RemArms, America’s oldest firearms brand, will consolidate its firearms operations in LaGrange, Georgia. This will align all firearms manufacturing with our planned global headquarters and world class R&D facility in Georgia, which supports and welcomes the firearms industry.

“We are deeply saddened by the closing of the historic facility in Ilion.  We have a dedicated workforce at the Ilion facility, but maintaining and operating those very old buildings is cost prohibitive, and NY’s legislative environment remains a concern for our industry. In the coming months, we expect to be working with our Ilion employees and their representative on transition issues.” said Ken D’Arcy, RemArms CEO. 

Tactwear: Launching AMF and HANK HALO for Advanced Tactical Material Innovation

Thursday, November 30th, 2023

The demand for advanced engineered material solutions is ever-present in the rapidly evolving defense and tactical industries. Tactwear®, a product line dedicated to these sectors, continues to innovate and expand, directly responding to feedback and requirements from the field.

Tactwear® AMF – The New Frontier in Tactical Fabrics:

Tactwear® AMF stands out as a significant addition to the Tactwear® range. This product features a composite of one layer of Cordura® 500D nylon and one layer of 1000D tactical nylon, designed to surpass the demanding requirements of modern tactical gear, including the Modular Scalable Vest and Gen III Plate carrier.

Key features of Tactwear® AMF include:

• Superior abrasion resistance

• nIR compliant

• Laser cuttable

• Berry compliant

Tactwear® HANK HALO – Embracing Sustainable Innovation:

Original Tactwear® HANK has been re-engineered into Tactwear® HANK HALO, integrating halogen-free flame-retardant chemistry for better sustainability and REACH compliance.

This reengineered version offers:

• High Abrasion Neoprene Kevlar® Coated Tactical Nylon, available in 1050D, 840D, or 210D

• 30% improved abrasion resistance over its predecessor

• FR (Flame Resistant) and self-extinguishing 

• Improved compatibility with laser cutting

• Water and abrasion resistance

• Reduced IR signature

• Berry compliant

Experience Tactwear® at Shot Show 2024:

Attendees can check out the Tactwear® product lineup at the Shot Show Supplier Showcase (booth #51432), scheduled for January 22 and 23, 2024, in Las Vegas, Nevada.

Tactwear® has established a distribution network to cater to a broader range of clients, ensuring accessibility even for those who do not meet the minimum order quantities.

Tactwear®’s ongoing evolution demonstrates its commitment to meeting the dynamic needs of the defense and tactical industries. By integrating field feedback and focusing on innovative development, Tactwear® is responding to current market demands and shaping the future of tactical engineered material technology.