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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.

Overview of L3Harris Technologies Inc

L3Harris Technologies is a global innovator in the aerospace and defense sectors, delivering comprehensive technology solutions in C4ISR, sensor systems, and integrated communications. Serving both government and commercial markets, the company specializes in mission-critical technologies that ensure secure command and control across air, space, land, sea, and cyber domains.

Core Business and Operations

The company expertly integrates advanced defense, surveillance, and communication systems to address the most demanding operational challenges. Its portfolio spans uncrewed aerial vehicles, sophisticated avionics, radar and sensor solutions, and training services that enhance both military and commercial capabilities. L3Harris operates across multiple domains by offering end-to-end solutions, ensuring interoperability and robust performance in complex environments.

Integrated Technology and Market Significance

At the heart of its operations, L3Harris delivers state-of-the-art command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR) solutions. These systems enable real-time data collection, rapid threat analysis, and the seamless integration of disparate information networks. The company’s technological innovation not only supports national security initiatives but also provides critical infrastructure solutions, such as maintaining robust communication networks for aviation authorities.

Strategic Partnerships and Expansion

L3Harris leverages strategic collaborations and acquisitions to enhance its technological reach and market position. By integrating complementary technologies, such as those in autonomous systems and electronic warfare, the company continually diversifies its product offerings. Recent alliances with other technology innovators have bolstered its capabilities in dynamic environments, exemplifying its agility in adapting to modern warfare and commercial market needs.

Competitive Landscape and Differentiators

The competitive environment in the aerospace and defense industry demands not only technological sophistication but also reliability under high-stakes conditions. L3Harris distinguishes itself through its comprehensive approach—delivering integrated systems that ensure operational superiority and enhanced decision-making capabilities in the field. Its ability to combine hardware, software, and service components into unified, scalable solutions sets it apart from peers.

Commitment to Excellence and Industry Expertise

Operating at the frontier of aerospace and defense technology, L3Harris exhibits a deep commitment to research, development, and continual improvement. The company’s focus on agile, end-to-end solutions is supported by its use of advanced technologies and a dedicated workforce, resulting in trusted innovations that consistently meet critical mission requirements. This balanced, expertise-driven approach reinforces its reputation as a reliable partner in both defense and commercial sectors.

Technical Innovation and Future-Ready Solutions

Utilizing a robust suite of technologies—from sensor integration to advanced electronic warfare systems—L3Harris is equipped to address current and emerging operational challenges. Their emphasis on real-time data processing and adaptive system management is fundamental in empowering users to operate effectively in high-threat environments. The company continues to integrate cutting-edge advancements, ensuring that its solutions remain at the forefront of technological evolution.

Conclusion

In summary, L3Harris Technologies represents a multifaceted enterprise that excels in delivering critical aerospace, defense, and communications solutions. Its comprehensive approach, strategic industry partnerships, and dedicated focus on advanced technologies ensure that it remains a pivotal force in supporting mission-critical operations across the globe.

Rhea-AI Summary

The Board of Directors of L3Harris Technologies (NYSE:LHX) has approved a 10% increase in its quarterly cash dividend, raising it from $1.02 to $1.12. This change will commence with the dividend for the first quarter of 2022, payable on March 25, 2022, to shareholders of record by the close of business on March 11, 2022. The annualized dividend rate rises from $4.08 to $4.48, marking the third consecutive double-digit increase since the merger in 2019.

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L3Harris Technologies (NYSE:LHX) is launching its third high-resolution weather instrument, the Advanced Baseline Imager (ABI), on March 1, enhancing NOAA's environmental monitoring. The ABI offers 3X spectral coverage, 4X resolution, and operates 5X faster than prior models. This technology significantly improves severe weather detection and climate monitoring. Additionally, the ABI aids in forecasting extreme events like tornadoes and wildfires. The company also delivered its fourth imager to NASA, with the GOES-U satellite set to launch in 2024, completing NOAA's GOES-R series.

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L3Harris Technologies has integrated its fourth Advanced Baseline Imager (ABI) into NOAA’s Geostationary Operational Environmental Satellite-U (GOES-U), set to launch in 2024. This integration completes an advanced weather sensor series, enhancing weather observation capabilities significantly. The ABI features resolution four times greater and speed five times faster than previous satellites, delivering high-resolution video across 16 spectral bands. This technology aims to improve weather forecasts, climate change measurements, and emergency notifications for natural disasters.

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L3Harris Technologies (NYSE:LHX) will present at the Barclays Industrial Select Conference on February 23, 2022. The event starts at 8:00 a.m. ET, and the remarks will be available in a listen-only stream on L3Harris.com. A replay will be accessible for seven days post-event. L3Harris is a global leader in aerospace and defense technology, generating approximately $17 billion in annual revenue with a workforce of about 47,000 employees across multiple domains.

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L3Harris Technologies has been selected by the U.S. Space Force to enhance its space domain awareness and counter anti-satellite threats. The project includes upgrading the Space Defense Operations Center to the new Advanced Tracking and Launch Analysis System (ATLAS). This modernization will improve tracking and analysis of space objects amid rising anti-satellite threats. L3Harris has over 30 years of partnership with the Space Force, contributing to space superiority with approximately $17 billion in annual revenue.

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L3Harris Technologies (LHX) reported Q4 2021 revenue of $4.35 billion, a 7% decline from the previous year, with full-year revenue down 2% at $17.81 billion. Net income for Q4 surged 163% to $484 million, while full-year net income rose 70% to $1.84 billion. GAAP EPS for Q4 was $2.46, up 167%, and $9.09 for the year, up 75%. Non-GAAP EPS also increased to $3.30 for Q4 and $12.95 for the year. Despite supply chain challenges, the company has initiated guidance for 2022, forecasting revenue between $17.3 billion and $17.7 billion, with organic growth of 1-3%.

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L3Harris Technologies has secured a 10-year, $750 million contract from the U.S. Marine Corps for multi-channel handheld and vehicular radio systems. The Falcon IV radios will enhance interoperability across U.S. defense branches and allies, contributing to Force Design 2030 and Joint All-Domain Command and Control (JADC2). These innovative radios provide secure communications against adversary threats, with flexible architecture for evolving needs. This continues L3Harris's successful collaboration with the Marines in delivering essential communication solutions.

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L3Harris Technologies (NYSE:LHX) announces the appointment of Michelle Turner as the new Senior Vice President and Chief Financial Officer (CFO), effective immediately. Turner succeeds Jay Malave, who is leaving for other career opportunities. With extensive experience in finance, particularly in the defense industry, Turner previously held roles at Johnson & Johnson and Raytheon. As CFO, she will oversee financial strategies, accounting, internal audits, and investor relations, aiming to drive growth.

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L3Harris Technologies (NYSE:LHX) will host a conference call on January 31, 2022, at 8:30 a.m. ET to discuss its fourth quarter 2021 financial results. Interested participants can dial in at 877-407-6184 for U.S. and 201-389-0877 for international callers. A webcast with supporting slides will also be available on L3Harris.com. A recording will be accessible from 12 p.m. ET on the same day.

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L3Harris Technologies (NYSE:LHX) has reorganized its core businesses, reducing from four to three segments: Integrated Mission Systems, Space and Airborne Systems, and Communication Systems. This decision follows a successful portfolio shaping initiative started in 2019 aimed at high-growth, technology-driven sectors. The company emphasizes its commitment to delivering innovative defense solutions. L3Harris boasts approximately $18 billion in annual revenue and serves customers in over 100 countries.

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FAQ

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

The current stock price of L3Harris Technologies (LHX) is $209.75 as of April 1, 2025.

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

The market cap of L3Harris Technologies (LHX) is approximately 39.4B.

What is the core business of L3Harris Technologies?

L3Harris Technologies specializes in developing advanced aerospace and defense technology solutions. Its core business includes delivering integrated C4ISR, sensor systems, and communication solutions for both government and commercial customers.

Which markets does L3Harris serve?

The company serves a wide range of markets, including military and defense, commercial aviation, space, and communication sectors, addressing mission-critical needs across multiple domains.

What are C4ISR solutions?

C4ISR stands for command, control, communications, computers, intelligence, surveillance, and reconnaissance. L3Harris develops integrated systems that enhance real-time decision making and secure data management in high-stakes environments.

How does L3Harris maintain its technological edge?

The company invests heavily in research and development, collaborates with strategic partners, and integrates leading-edge technologies into its systems. This approach ensures that it remains adaptive and responsive to modern operational challenges.

What role do strategic partnerships play for L3Harris?

Strategic partnerships allow L3Harris to enhance its product offerings, integrate complementary technologies, and expand its market reach. These collaborations are essential for delivering comprehensive solutions that meet complex defense and commercial requirements.

How does L3Harris differentiate itself from competitors?

L3Harris differentiates itself through its integrated approach, combining hardware and software solutions into unified systems. Its focus on interoperability and mission-critical performance sets it apart in the competitive aerospace and defense industry.

What kind of technological innovations is L3Harris known for?

The company is known for its innovations in advanced sensor systems, unmanned aerial vehicles, and electronic warfare solutions. Its contributions to integrated communications and command and control systems further underscore its technological leadership.

Can you explain the importance of electronic warfare capabilities?

Electronic warfare capabilities are crucial in modern defense, enabling forces to detect, disrupt, and counteract threat signals. L3Harris leverages sophisticated technology to provide real-time analysis and adaptive countermeasures, enhancing situational awareness and operational effectiveness.
L3Harris Technologies Inc

NYSE:LHX

LHX Rankings

LHX Stock Data

39.40B
187.03M
0.34%
88.64%
1.66%
Aerospace & Defense
Search, Detection, Navagation, Guidance, Aeronautical Sys
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United States
MELBOURNE