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.
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
MAG Aerospace and L3Harris Technologies (NYSE:LHX) have partnered to enhance the Army's Theater Level High-Altitude Expeditionary Next Airborne ISR Radar (ATHENA-R) program. This collaboration aims to improve intelligence, surveillance, and reconnaissance capabilities by utilizing converted Bombardier Global Express 6500 aircraft. The ATHENA-R is designed to bridge the gap between medium- and high-altitude ISR platforms, offering extended range and payload capacity. The companies leverage decades of experience to deliver a timely and effective solution for the U.S. Army's mission requirements.
L3Harris Technologies (NYSE:LHX) has announced its advanced third-generation sight systems designed for American Rheinmetall Vehicles’ Lynx Optionally Manned Fighting Vehicle (OMFV). These systems significantly reduce size, weight, and power requirements while increasing battlefield awareness and lethality. The Lynx OMFV benefits from enhanced detection capabilities, enabling faster targeting and engagement of threats, and reduces crew size from three to two. This system supports the U.S. Army’s modernized ground combat infrastructure and aims to replace the aging M2 Bradley Fighting Vehicle.
L3Harris Technologies (NYSE:LHX) has signed a definitive agreement to acquire Viasat (NASDAQ:VSAT) for approximately
L3Harris Technologies (NYSE:LHX) will announce its Q3 2022 financial results on October 27, 2022, at 4:30 p.m. EDT. An investor letter will detail the results, which will be available on L3Harris.com. Following this, a Q&A teleconference will be held on October 28, 2022, at 8:30 a.m. EDT. The call is expected to last 45 minutes, and participants can access it via webcast.
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?
