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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.
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0.52%
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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.
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0.89%
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L3Harris Technologies, Inc. (NYSE: LHX) reported a book-to-bill of 1.18x for FY 2023 with orders of $22.8 billion, 4Q23 revenue of $5.3 billion, and FY23 of $19.4 billion, reflecting a 17% and 14% increase, respectively. The 4Q23 operating margin was 2.9% and FY23 was 7.3%. The 4Q23 segment operating margin was 15.1% and FY23 was 14.8%. 4Q23 EPS was $0.83 and FY23 was $6.44. FY23 cash from operations was $2.1 billion, with free cash flow of $2.0 billion. The company reported a record backlog of $33 billion and initiated 2024 financial guidance.
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2.23%
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L3Harris Technologies (NYSE:LHX) has been awarded a contract worth up to $919 million to design and build 18 infrared space vehicles for the Space Development Agency’s Tranche 2 Tracking Layer program. The company's technology will support the U.S. military's efforts to protect against hypersonic weapons and provide missile warning and tracking coverage. L3Harris has also been involved in the development of satellites for the Tranche 0 and Tranche 1 Tracking Layer programs, showcasing its commitment to space technology innovation and defense solutions.
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-1.3%
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Booz Allen Hamilton (NYSE: BAH) collaborates with L3Harris Technologies (NYSE: LHX) to advance mission system integration capabilities for the Department of Defense's (DOD) Combined Joint All-Domain Command & Control (CJADC2) needs. The collaboration aims to enable rapid deployment of Booz Allen's Distributed Battle Management Node (DBMN) Tactical Operations Center-Light (TOC-L) prototype utilizing Booz Allen's Modular Detachment Kit (MDK) to provide holistic integration of disparate tactical C2 data systems.
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-0.03%
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L3Harris Technologies (LHX) will release its fourth-quarter financial results on Thursday, Jan. 25, 2024, after market close. The company's results will be published in an Investor Letter available at L3Harris.com. A call will be hosted on Friday, Jan. 26, 2024, at 8:30 a.m. ET, with dial-in numbers for the teleconference provided. Participants are encouraged to listen via webcast at L3Harris.com, and a recording of the call will be available on the website later that day.
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L3Harris Technologies (NYSE:LHX) presented its medium-term financial objectives targeting free cash flow growth and margin expansion at its 2023 Investor Day. The company plans to discontinue its M&A program to prioritize strengthening its balance sheet and returning all excess capital to shareholders. Management outlined a financial framework through 2026, including $23 billion in revenue, 16% segment operating margins, and $2.8 billion of free cash flow. The capital deployment priorities for 2024-2026 include investing in the business, paying down debt, and returning all excess cash to shareholders.
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-0.38%
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L3Harris Technologies (LHX) will host its Investor Day in person and via webcast from 9 a.m. to 12:30 p.m. ET at the company’s Florida headquarters. The event will provide updates on the company’s strategy, operational performance, and anticipated highlights for 2024.
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L3Harris Technologies (L3Harris) (NYSE: LHX) appoints Kirk Hachigian and Bill Swanson to its Board of Directors and forms a Business Review Committee to optimize operational performance, cost structure, and portfolio composition. The company also adjusts its long-term incentive compensation plan and enters into a cooperation agreement with the D. E. Shaw group. The Board will appoint an additional independent director in 2024, and the company is hosting its Investor Day on Dec. 12, 2023.
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2.69%
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L3Harris Technologies (NYSE: LHX) appoints Kenneth L. Bedingfield as Senior Vice President and Chief Financial Officer, bringing over thirty years of industry and finance experience to the company. Bedingfield has a proven track record of success and will lead the company's financial strategy and global finance team, driving performance and delivering value for shareholders.
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Rhea-AI Sentiment
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2.36%
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L3Harris Technologies, Inc.
NYSE:LHX
LHX Rankings
LHX Stock Data
42.13B
188.92M
0.32%
85.73%
1.02%
Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing
Manufacturing
United States of America
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.