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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) played a crucial role in the successful launch of Artemis I, NASA's mission to return astronauts to the moon after 50 years. The company supplied advanced avionics that ensured smooth launch command and control during the first eight minutes of flight. This achievement reflects L3Harris's 60-year tradition of supporting NASA's space exploration efforts. With over $17 billion in annual revenue, L3Harris continues to innovate in aerospace and defense technology, having already completed hardware for the upcoming Artemis II mission slated for May 2024.
L3Harris Technologies (NYSE:LHX) has successfully launched its Cross-Track Infrared Sounder (CrIS) aboard NOAA's Joint Polar Satellite System-2 (JPSS-2). This advanced sensor increases NOAA's ability to forecast severe weather, offering 100 times more infrared channels than its predecessor, which enhances the accuracy of weather models. The CrIS instrument is pivotal in improving hurricane and tornado detection, aiding in better predictions up to seven days in advance. This technology supports NOAA in creating a more weather-ready nation.
L3Harris Technologies (NYSE:LHX) has successfully delivered its 10,000th Enhanced Night Vision Goggle-Binocular (ENVG-B) to the U.S. Army, marking a significant milestone in its four-year ENVG-B program. The latest delivery included nearly 600 units to the Security Force Assistance Brigade, making it the ninth brigade to utilize this technology. The ENVG-B enhances soldiers' situational awareness and mobility, utilizing advanced fusion technology for improved decision-making during low-light operations.
Garmin International announced that L3Harris Technologies selected its G3000™ integrated flight deck for a contract under the U.S. Special Operations Command's Armed Overwatch program. This marks a significant collaboration, integrating advanced avionics in the Sky Warden combat aircraft. The G3000 offers modern aviation capabilities, enhancing communication, navigation, and surveillance systems, all while supporting lower life-cycle costs. The contract includes delivery of up to 75 aircraft, highlighting Garmin's commitment to military aviation solutions.
L3Harris Technologies (NYSE:LHX) released its third quarter fiscal year 2022 update via an investor letter on its website. CEO Chris Kubasik and CFO Michelle Turner will host a teleconference on October 28, 2022, at 8:30 a.m. EDT to address questions from investors. U.S. participants can call 877-407-6184, while international callers can reach 201-389-0877. A recording of the call will be available at noon EDT on the same day. L3Harris, a global aerospace and defense innovator, generates over $17 billion in annual revenue and operates across various domains, serving customers in over 100 countries.
The Board of Directors of L3Harris Technologies (NYSE:LHX) has declared a quarterly cash dividend of $1.12 per share, payable on December 2, 2022, to shareholders of record by November 18, 2022. Additionally, the Board approved a $3.0 billion share repurchase authorization, raising the total to approximately $4.5 billion. This move reflects the company's commitment to returning value to shareholders while maintaining strong liquidity.
L3Harris Technologies (NYSE:LHX) announced a strategic investment in Seasats, a company specializing in low-cost, solar-powered maritime autonomous surface vehicles (ASV). This partnership aims to enhance the development and production of Seasats' X3 micro-ASV, which features stealth performance and long endurance. The collaboration is expected to significantly improve maritime operational capabilities for both military and commercial clients, while cutting production time by up to 75%. This move responds to urgent U.S. Navy needs for innovative solutions in global maritime security.
L3Harris Technologies (NYSE:LHX) announced its new Iridium Distributed Tactical Communications Systems (DTCS) mission module at the AUSA Annual Meeting, enhancing tactical communication for warfighters. This module integrates global push-to-talk voice and data capabilities into the existing AN/PRC-163 handheld tactical radio, operating on the U.S. Space Force’s DTCS network. It enables seamless communication even when connection methods are limited, supporting better mission planning and execution.
L3Harris Technologies (NYSE:LHX) received two production orders totaling
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