Sierra Space taps L3Harris executive as CFO

Oct 26 (Reuters) - Sierra Space on Monday named L3Harris LHX.N executive Daniel Gittsovich as its chief financial officer.

• The maker of satellites, spacecraft and orbital infrastructure for government and commercial customers was valued at $8 billion in March, up over 50% in three years amid investor bets on rising defense and space spending

• The appointment comes days after Bloomberg reported the sudden exit of predecessor Jeff Schrader, as the company pivots heavily toward national security and defense contracts

• Gittsovich joins the Colorado-based company from defense giant L3Harris, where he most recently served as CFO of its Missile Solutions business

• He earlier spent over five years at industrial manufacturer 3M MMM.N in strategy and business development roles, including in its Safety & Industrial unit

• Before that, he worked in investment banking at Deutsche Bank DBKGn.DE, Bank of America Merrill Lynch and Bentley Associates, advising clients across the aerospace, defense, industrial and transportation sectors