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L3Harris Technologies Inc - LHX STOCK NEWS

Welcome to our dedicated news page for L3Harris Technologies (Ticker: LHX), a resource for investors and traders seeking the latest updates and insights on L3Harris Technologies.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect L3Harris Technologies's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of L3Harris Technologies's position in the market.

News
L3Harris Technologies Reports Strong First Quarter 2024 Results, Increases 2024 Profitability Guidance
Rhea-AI Summary
L3Harris Technologies reported strong first quarter 2024 results with orders of $5.5 billion, a book-to-bill ratio of 1.06x, revenue up 17%, operating margin of 7.3%, and EPS of $1.48. The company increased its 2024 adjusted segment operating margin guidance to >15% and non-GAAP EPS guidance to $12.70 - $13.05. The CEO highlighted solid revenue growth, higher operating margins, and strong demand for national security solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.46%
Tags
earnings
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News
L3Harris Announces Quarterly Dividend
Rhea-AI Summary
L3Harris Technologies (NYSE:LHX) has announced a quarterly cash dividend of $1.16 per common share, payable on June 18, 2024, to shareholders of record as of June 4, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.67%
Tags
dividends
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News
U.S. Army Awards L3Harris ENVG-B Production Order
Rhea-AI Summary
L3Harris Technologies (NYSE:LHX) secures a $256 million order from the U.S. Army for the Enhanced Night Vision Goggle – Binocular (ENVG-B) program, with a total value of nearly $1 billion over 10 years. The company's commitment to providing modern night-vision solutions to U.S. soldiers and its partnership with the Army highlight its dedication to national security.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.3%
Tags
none
News
Iridium Signs Five-Year Contract with L3Harris to Protect FAA Critical Infrastructure
Rhea-AI Summary
Iridium Communications Inc. (IRDM) secures a new five-year commercial contract with L3Harris Technologies for the Iridium Satellite Time and Location service, providing timing sync to data center facilities across the U.S. The deployment includes Adtran's Oscilloquartz devices for network synchronization, ensuring reliable and resilient operations for critical infrastructure applications.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.81%
Tags
none
-
News
Kanders & Company Announces Definitive Agreement to Acquire Antenna and Test Equipment Businesses from L3Harris
Rhea-AI Summary
Kanders & Company, Inc. announces the acquisition of antenna and test equipment businesses from L3Harris Technologies to form Fisica, Inc., a new defense technology platform. The $200 million deal brings together skilled manufacturers of antennas and electromagnetic systems for defense applications, positioning Fisica for growth and success in the industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.3%
Tags
acquisition
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News
L3Harris Announces Definitive Agreement to Sell Non-Core Assets to an Affiliate of Kanders & Company, Inc. for $200 Million
Rhea-AI Summary
L3Harris Technologies (NYSE:LHX) has agreed to sell its antenna and related businesses to an affiliate of Kanders & Company, Inc. for $200 million. The deal includes $175 million in cash and a $25 million seller note. This strategic move aligns with L3Harris' portfolio-shaping strategy, focusing on non-core assets. The transaction is set to close this quarter, pending regulatory approvals, and involves divesting businesses within the Space & Airborne Systems segment employing around 375 individuals.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.3%
Tags
none
News
L3Harris Sets Date for First Quarter 2024 Earnings Release
Rhea-AI Summary
L3Harris Technologies (LHX) will announce its first quarter 2024 financial results on April 25, 2024, after market close. The earnings release will be available on L3Harris.com, followed by a conference call on April 26, 2024, at 8:30 a.m. ET.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.13%
Tags
earnings
-
News
L3Harris Announces Quarterly Dividend Increase
Rhea-AI Summary
L3Harris Technologies (LHX) announces a dividend increase from $1.14 to $1.16 per share quarterly, marking the 23rd consecutive annual increase. The annualized rate rises from $4.56 to $4.64, reflecting the company's focus on free cash flow growth and capital deployment priorities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.48%
Tags
dividends
-
News
US Department of Defense Launches L3Harris Missile Tracking Satellites
Rhea-AI Summary
L3Harris Technologies (NYSE:LHX) successfully launched five missile tracking satellites for the Missile Defense Agency and Space Development Agency's programs. The satellites will track hypersonic missiles and provide global indications, warning, tracking, and targeting of advanced threats. The company aims to enhance the U.S.'s missile warning and defense capabilities against evolving threats.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.52%
Tags
none
News
L3Harris to Present at Upcoming Investor Conferences
Rhea-AI Summary
L3Harris Technologies (NYSE:LHX) Chair and CEO Christopher E. Kubasik and CFO Ken Bedingfield will attend Citi’s Global Industrial Tech and Mobility Conference on Feb. 20 and present at the Barclays Industrial Select Conference on Feb. 21. Bedingfield will also attend the TD Cowen 45th Annual Aerospace & Defense Conference on Feb. 14.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.89%
Tags
conferences
Stock LHX logo
L3Harris Technologies Inc

NYSE:LHX

LHX Rankings

#305 Ranked by Market Cap
#3900 Ranked by Stock Gains
#1363 Ranked by Dividends

LHX Stock Data

38.52B
188.92M
0.32%
85.73%
1.02%
Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing
Manufacturing
Link
US
Melbourne

About LHX

l3harris technologies is an agile global aerospace and defense technology innovator, delivering end-to-end solutions that meet customers’ mission-critical needs. the company provides advanced defense and commercial technologies across space, air, land, sea and cyber domains. l3harris has approximately $18 billion in annual revenue and 47,000 employees, with customers in more than 100 countries. l3harris.com.