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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.
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
Duke Energy One and L3Harris Technologies have unveiled a new service providing customized 3D simulations for nuclear facilities. This service aims to address operational challenges while improving efficiency and reducing costs. The immersive simulations utilize ultramodern 3D laser scanning technology to create tailored models, enhancing safety and response preparedness. The comprehensive solution includes decision-making tools, aiding nuclear operators in planning and mitigating radiation risks. This collaboration highlights the importance of nuclear energy for a clean energy future.
Sidus Space (NASDAQ:SIDU) has selected L3Harris Technologies (NYSE:LHX) for its InControl™ and OnTime™ software to manage the LizzieSat™ Constellation. InControl enables comprehensive satellite command and control, while OnTime facilitates mission planning and execution tracking. This collaboration, commencing at the Cape Canaveral facility, aims to optimize operations for over 100 satellites, reducing operational costs significantly. LizzieSats are innovative low Earth orbit microsatellites designed for rapid technology testing and integration, supporting Sidus’s Space-as-a-Service model.
L3Harris Technologies has been awarded a five-year contract by the U.S. Department of Defense (DOD) for artificial intelligence services. This contract, part of the Joint Artificial Intelligence Center (JAIC) initiative, focuses on enhancing data readiness for AI development. It aims to streamline data sharing, discovery, and governance across DOD teams, facilitating faster AI solutions. With over $17 billion in annual revenue, L3Harris supports critical defense services and previously assisted in AI development for intelligence gathering.
L3Harris Technologies (NYSE:LHX) announced a significant increase in its IDIQ contract ceiling with the U.S. Special Operations Command from
The L3Harris Technologies (NYSE:LHX) high-resolution Advanced Baseline Imager (ABI), crucial for NOAA's weather monitoring, captured its first image after launch. This ABI aboard the GOES-18 satellite provides enhanced monitoring of severe weather every 30 seconds across the western U.S., Hawaii, and Alaska. The satellite is slated to become fully operational soon, enhancing weather prediction and response capabilities. L3Harris is also developing next-generation satellite technologies, contributing significantly to global weather monitoring efforts.
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