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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) announced its Q2 fiscal year 2022 results, emphasizing its role as a leader in aerospace and defense technology. The company achieved over $17 billion in annual revenue, serving customers across more than 100 countries. An earnings call is scheduled for July 29, 2022, at 8:30 a.m. ET, where stakeholders can access further insights. The call will be available via teleconference and webcast, with recordings accessible post-event.
The Board of Directors of L3Harris Technologies (NYSE:LHX) has declared a quarterly cash dividend of $1.12 per share. This dividend is payable on September 16, 2022, to shareholders of record by the close of business on September 2, 2022. As a leading global aerospace and defense technology innovator, L3Harris reported over $17 billion in annual revenue and employs approximately 47,000 individuals worldwide, serving customers across more than 100 countries.
L3Harris Technologies (NYSE:LHX) has elected Christina L. Zamarro to its Board of Directors, expanding the board to 14 members. Zamarro, formerly Vice President of Finance and Treasurer at Goodyear, brings extensive experience in finance, strategy, and risk management. She is known for overseeing significant transactions, including Goodyear’s $2.8 billion acquisition of Cooper Tire. Her expertise in capital markets and strategic planning is expected to bolster L3Harris's efforts in expanding its global market presence as a leader in the defense industry.
The U.S. Navy has awarded L3Harris Technologies (NYSE:LHX) a contract worth up to
L3Harris Technologies (NYSE:LHX) has secured a contract valued at
NASA, in collaboration with ESA and CSA, showcased the first full-color images from the James Webb Space Telescope on July 12. L3Harris Technologies (NYSE:LHX) played a critical role in engineering the telescope's hardware and testing systems to endure space conditions. The Webb telescope, now operational, is the most powerful space telescope to date, promising to enhance our understanding of the universe.
L3Harris has a long-standing partnership with NASA, contributing to various programs, including the upcoming Nancy Grace Roman Space Telescope.
L3Harris Technologies (NYSE:LHX) will release its financial results for Q2 FY2022 on July 28, 2022. An Investor Letter will be available around 4:30 p.m. ET. The next day, July 29, a conference call will be hosted by company leadership at 8:30 a.m. ET to discuss the results. The call will last approximately 45 minutes and will include a Q&A session. Interested parties can access the call via dial-in or webcast. L3Harris, with around $17 billion in annual revenue, operates in the defense and aerospace sectors globally.
L3Harris Technologies (NYSE:LHX) announced the launch of an enhanced infrared instrument on June 30 to improve battlefield information collection from space. This instrument is part of a wide-field-of-view satellite designed to track potential missile launches while providing high-resolution imagery. Positioned 22,000 miles from Earth, it enhances sensitivity and target discrimination at a lower cost. Developed for Space Systems Command, this technology supports future space-based missile defense missions, demonstrating L3Harris's commitment to advanced defense solutions.
L3Harris Technologies (NYSE:LHX) has secured a
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