Welcome to our dedicated page for L3Harris Technologies news (Ticker: LHX), a resource for investors and traders seeking the latest updates and insights on L3Harris Technologies stock.
L3Harris Technologies, Inc. (NYSE: LHX) is a dynamic global aerospace and defense technology innovator, providing advanced solutions to meet mission-critical needs across multiple domains including space, air, land, sea, and cyber. With an annual revenue of approximately $18 billion and a workforce of 47,000 employees, L3Harris serves customers in over 100 countries.
The company specializes in C4ISR systems, which encompass command, control, communications, computers, intelligence, surveillance, and reconnaissance. L3Harris also produces uncrewed aerial vehicles, sophisticated sensors, and avionics systems, and offers military and commercial training services. Notably, it maintains the U.S. Federal Aviation Administration's communications infrastructure, ensuring seamless operations and safety.
In July 2023, L3Harris acquired Aerojet Rocketdyne, a prominent supplier of rocket motors, bolstering its capabilities in the space and defense industry. This acquisition marks a significant step in expanding the company’s portfolio and enhancing its role in critical aerospace systems.
Recent developments include the creation of the Fisica platform through the sale of certain antenna and test equipment businesses to Kanders & Company for $200 million. This strategic move is expected to foster growth and innovation in the defense sector.
Additionally, L3Harris has entered into a five-year contract with Iridium Communications for the Iridium® Satellite Time and Location (STL) service. This partnership ensures robust timing synchronization for L3Harris’s nationwide communication networks, crucial for supporting the National Airspace System operations.
L3Harris is committed to delivering cutting-edge technologies and services that address the evolving demands of defense and commercial markets. With a solid financial foundation and strategic partnerships, the company is well-positioned for future growth and success.
L3Harris Technologies (NYSE: LHX) has secured a $263 million order from the U.S. Army for continued production of the Enhanced Night Vision Goggle – Binocular (ENVG-B). This represents the second order under the full-scale production Indefinite Delivery, Indefinite Quantity program, following a similar award earlier this year.
The company has already delivered over 18,000 ENVG-B systems to the Army, featuring industry-leading Figure of Merit levels and digital overlays for enhanced performance. Additionally, L3Harris has supplied more than 28,000 advanced vision goggles to warfighters worldwide, including their Binocular Night Vision Device – Fused solution.
L3Harris plans to continue enhancing ENVG-B technology through investments in night-vision technology, artificial intelligence, and open-system architecture development to expand the device's capabilities for future Army deployments.
L3Harris Technologies (NYSE: LHX) has announced key leadership changes effective February 3, 2025. Ken Bedingfield, 52, will serve as President of Aerojet Rocketdyne while maintaining his role as Chief Financial Officer, succeeding Ross Niebergall who will retire after supporting the transition.
Sam Mehta, 52, will expand his role to lead enterprise Strategic Collaboration Agreements while continuing to head the Communication Systems segment, focusing on developing strategic relationships for next-generation capabilities. Additionally, Heidi Wood, 59, who leads the company's transformation initiative LHX NeXt, will now report directly to Chair and CEO Chris Kubasik, with an expanded focus on cost savings and enterprise transformation.
L3Harris Technologies (NYSE: LHX) CEO Christopher E. Kubasik has issued an open letter to Department of Government Efficiency (DOGE) leaders Elon Musk and Vivek Ramaswamy, outlining recommendations to modernize America's national defense ecosystem. As the newly elected Chair of the Aerospace Industries Association, Kubasik proposed four key changes:
- Eliminating duplicative Cost Accounting Standard requirements
- Establishing a central contracting arm within the Office of the Secretary of Defense
- Requiring certified cost and pricing data only for major sole-source acquisitions
- Limiting contractor protests to three times per year
These recommendations aim to enhance the U.S. government's ability to secure borders and protect American interests globally.
L3Harris Technologies (NYSE: LHX) has announced its schedule for fourth quarter 2024 financial results release. The company will release its Q4 2024 results before market opens on Thursday, January 30, 2025. Following the release, L3Harris will host an earnings conference call at 10:30 a.m. ET on the same day.
Investors and interested parties can participate through the company's webcast at L3Harris.com or join via phone by dialing 800-549-8228 (U.S.) or +1 289-819-1520 (international). A recording of the call will be made available on the company's website starting at approximately 12 p.m. ET on January 30, 2025.
L3Harris Technologies (NYSE: LHX) has finalized the sale of Aerojet Ordnance Tennessee (A.O.T.) to BWX Technologies (NYSE: BWXT) for approximately $100 million. The transaction is part of L3Harris' multi-year portfolio optimization strategy aimed at enhancing value for customers and shareholders.
A.O.T., which employs fewer than 100 people in Tennessee, is the exclusive supplier of depleted uranium to the U.S. government and manufactures advanced specialized metal components for defense, aerospace, and commercial applications.
L3Harris Technologies has secured a $999 million indefinite delivery, indefinite quantity contract from the U.S. Navy. The five-year agreement involves delivering Multifunctional Information Distribution System Joint Tactical Radio System Terminals (MIDS JTRS) to U.S. and coalition forces. L3Harris, one of two providers of the MIDS JTRS solution, will supply software-defined Link 16 resilient communication radios for various platforms. The contract extends the company's 24-year history of providing communications interoperability solutions to U.S. armed services and 57 allied nations.
L3Harris Technologies has achieved Safety of Flight (SOF) qualification for its Viper Shield all-digital electronic warfare suite designed for F-16 fighter jets. The system successfully completed environmental and electrical tests, demonstrating its reliability under various flight conditions. The EW suite, which will be provided to six international partners, helps identify and counter threats while providing situational awareness in challenging environments. Deliveries are scheduled to begin in late 2025. The system is engineered to accommodate future capability upgrades to adapt to evolving electromagnetic spectrum environments.
BWX Technologies (BWXT) has agreed to acquire L3Harris' Aerojet Ordnance Tennessee (A.O.T.) business for approximately $100 million. A.O.T., which generated revenue of about $40 million in the trailing twelve months, is the sole provider of depleted uranium to the U.S. government and manufactures specialized materials including tungsten, molybdenum, and various alloys. The acquisition, expected to close by year-end, will enhance BWXT's capabilities in advanced materials manufacturing for commercial, military, and space applications. The deal is anticipated to be slightly accretive to BWXT's earnings within 12-18 months, excluding purchase accounting and one-time costs.
BWX Technologies (BWXT) has signed an agreement to acquire L3Harris' Aerojet Ordnance Tennessee (A.O.T.) business for approximately $100 million. A.O.T., which generated revenue of about $40 million in the trailing twelve months, is the sole provider of depleted uranium to the U.S. government and manufactures specialized materials including tungsten, molybdenum, and various alloys. The acquisition is expected to close by year-end and become slightly accretive to BWXT's earnings within 12-18 months, excluding purchase accounting and one-time costs. The business will operate within BWXT's government operations segment.
L3Harris Technologies (NYSE:LHX) announced its leadership participation in two upcoming investor conferences. Chair and CEO Christopher E. Kubasik and CFO Ken Bedingfield will present at Baird's Global Industrial Conference on November 12 at 10:50 a.m. ET in Chicago. Subsequently, L3Harris Aerojet Rocketdyne President Ross Niebergall and CFO Bedingfield will present at the UBS Global Industrials Conference on December 4 at 1 p.m. ET in Palm Beach, Florida. Both presentations will be streamed live on the L3Harris website, with recordings available afterward.
FAQ
What is the current stock price of L3Harris Technologies (LHX)?
What is the market cap of L3Harris Technologies (LHX)?
What does L3Harris Technologies specialize in?
How many employees does L3Harris Technologies have?
What recent acquisition has L3Harris Technologies completed?
What is the annual revenue of L3Harris Technologies?
In how many countries does L3Harris operate?
What is the significance of the Fisica platform?
What is the role of Iridium STL service in L3Harris operations?
Who maintains the U.S. Federal Aviation Administration's communications infrastructure?
What markets does L3Harris serve?
Where is L3Harris Technologies headquartered?
