STOCK TITAN

L3Harris Technologies, Inc. - LHX STOCK NEWS

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.

Rhea-AI Summary

L3Harris Technologies (NYSE:LHX) announced the delivery of the first four out of more than 100 T7™ explosive ordnance disposal robots to the U.S. Air Force. This initial delivery is part of an $85 million, 10-year contract. The T7 robot enhances precision and speed for complex EOD missions, crucial for safeguarding Air Force operators. The USAF has ordered a total of 107 T7 robots, marking a significant upgrade from its outdated robotic fleet. The T7’s capabilities include improved lift, battery life, and human-like dexterity, reinforcing L3Harris' position as a leading supplier in defense technology.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.72%
Tags
none
-
Rhea-AI Summary

Spirit Airlines (NYSE: SAVE) has partnered with L3Harris (NYSE: LHX) to launch the Spirit Wings Pilot Pathway in Central Florida. This program is designed to create a pipeline of skilled pilots, with training conducted at L3Harris’ Flight Academy. Graduates will have the chance to advance to a Spirit First Officer position after meeting specific flight hour requirements. The airline plans to expand rapidly, adding 33 new aircraft in 2023, increasing growth opportunities for pilots. Spirit has also been recognized for diversity and excellence in aviation safety.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.72%
Tags
none
-
Rhea-AI Summary

L3Harris Technologies (NYSE: LHX) has achieved National Fire Protection Association certification for its XL Extreme™ 400P radio and XL Extreme Speaker Microphone. These devices meet stringent standards for operating in extreme environments, ensuring durability against heat, immersion, shock, and other conditions. The certification guarantees clear audio and reliable connectivity, enhancing firefighter safety. Nino DiCosmo, President of Public Safety and Professional Communications, emphasized the product's ruggedness as crucial for first responders' operational demands.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.87%
Tags
none
Rhea-AI Summary

L3Harris Technologies has been awarded a contract valued at up to $886 million by the U.S. Army Communications-Electronics Command. The contract focuses on enhancing intelligence, surveillance, and reconnaissance capabilities for the Army. It includes a five-year base award with extensions for providing datalink architecture and network design improvements for both aerial and ground communications. The company aims to support resilient and discreet global communications for military operations.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.66%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.65%
Tags
none
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.12%
Tags
none
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.7%
Tags
none
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.16%
Tags
none
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.16%
Tags
none
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.61%
Tags
none

FAQ

What is the current stock price of L3Harris Technologies (LHX)?

The current stock price of L3Harris Technologies (LHX) is $220.06 as of January 22, 2025.

What is the market cap of L3Harris Technologies (LHX)?

The market cap of L3Harris Technologies (LHX) is approximately 42.3B.

What does L3Harris Technologies specialize in?

L3Harris Technologies specializes in C4ISR systems, uncrewed aerial vehicles, sensors, avionics, and provides military and commercial training services.

How many employees does L3Harris Technologies have?

L3Harris Technologies has approximately 47,000 employees.

What recent acquisition has L3Harris Technologies completed?

In July 2023, L3Harris acquired Aerojet Rocketdyne, a key supplier of rocket motors for the space and defense industry.

What is the annual revenue of L3Harris Technologies?

L3Harris Technologies generates approximately $18 billion in annual revenue.

In how many countries does L3Harris operate?

L3Harris operates in over 100 countries.

What is the significance of the Fisica platform?

The Fisica platform, created through the sale of certain businesses from L3Harris, aims to foster growth and innovation in the defense sector.

What is the role of Iridium STL service in L3Harris operations?

Iridium STL service provides essential timing synchronization for L3Harris’s nationwide communication networks, supporting critical infrastructure applications.

Who maintains the U.S. Federal Aviation Administration's communications infrastructure?

L3Harris Technologies maintains the U.S. Federal Aviation Administration's communications infrastructure.

What markets does L3Harris serve?

L3Harris serves both defense and commercial markets across various domains including space, air, land, sea, and cyber.

Where is L3Harris Technologies headquartered?

L3Harris Technologies is headquartered in Melbourne, Florida, USA.
L3Harris Technologies, Inc.

NYSE:LHX

LHX Rankings

LHX Stock Data

42.27B
189.00M
0.32%
85.97%
1.01%
Aerospace & Defense
Search, Detection, Navagation, Guidance, Aeronautical Sys
Link
United States of America
MELBOURNE