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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) has secured a
L3Harris Technologies has partnered with Lightsource bp to launch a large-scale solar farm in Texas, which will help reduce carbon emissions by approximately 110,000 metric tons annually. The project, which created about 250 construction jobs, featured an apprenticeship program focused on training veterans for careers in solar construction. The solar power agreement covers 100 megawatts of capacity, aiding L3Harris in its goal to cut greenhouse gas emissions by 30% by 2026.
L3Harris Technologies (NYSE:LHX) announced that Jay Malave, Senior Vice President and CFO, will present at Baird’s 2021 Global Industrial Conference on November 10, 2021, at 9:40 a.m. ET. The presentation will be streamed live in a listen-only format on L3Harris.com, with a replay available for seven days post-event.
L3Harris is a global aerospace and defense technology innovator, generating approximately $18 billion in annual revenue and employing 47,000 people to serve customers in over 100 countries.
L3Harris Technologies (NYSE: LHX) reported third-quarter 2021 results with revenues of $4.2 billion, down 5% year-over-year, attributed to supply chain disruptions. Despite the revenue decline, net income increased 11% to $479 million, bolstering GAAP EPS to $2.39, a 20% rise. The company generated $484 million in operating cash flow and returned $1.5 billion to shareholders. Guidance for 2021 was adjusted, forecasting revenue around $17.9 billion, down from prior estimates due to ongoing global impacts and divestitures.
The Board of Directors of L3Harris Technologies (NYSE:LHX) has declared a quarterly cash dividend of $1.02 per share, payable on December 3, 2021, to shareholders of record as of the close of business on November 19, 2021. L3Harris is a leading global aerospace and defense technology innovator with approximately $18 billion in annual revenue and 48,000 employees. The company provides advanced technologies across various domains, including air, land, sea, space, and cyber, serving customers in over 100 countries.
L3Harris Technologies has appointed Daniel Zoot as the new Corporate Vice President for Japan, marking the establishment of the company's first corporate office in Tokyo. Zoot, with nearly 30 years in the aerospace and defense sector, aims to enhance L3Harris' capabilities in supporting technology and national security challenges. The firm has a strong presence in Japan's defense market, investing in domains such as space, cyberspace, and traditional military sectors. This move underscores L3Harris' commitment to its U.S. allies and the expansion of its global focus.
L3Harris Technologies (NYSE:LHX) has been selected by NASA for a second advanced study to enhance U.S. weather forecasting accuracy. The study will develop a new sensor technology called 'sounders' to measure temperature and water vapor, improving severe storm tracking. This follows a similar award from NOAA for a GeoXO satellite imager. With an annual revenue of approximately $18 billion and operations in over 100 countries, L3Harris continues to lead in weather satellite technology, with future satellite launches planned for the 2030s.
L3Harris Technologies has received an order from the U.S. Army for 1,000 Falcon IV AN/PRC-171 Compact Team Radios. These radios enhance communication across tactical levels, supporting the Army’s Integrated Tactical Network and enabling infantry teams to stay connected on the battlefield. Each radio offers over 20 hours of voice and data communication and can interface with L3Harris solutions. This delivery reflects L3Harris' commitment to providing advanced defense technologies for effective operations.
L3Harris Technologies (NYSE:LHX) has secured a 10-year, $947 million contract to modernize the U.S. Air Force B-52 aircraft's electronic warfare systems. The upgrade will enhance the AN/ALQ-172 EW self-protection system, ensuring aircrew safety against radar threats and electronic warfare. This contract is part of a broader spectrum dominance program set to continue through 2031, maintaining the B-52's operational relevance. The company has a legacy of providing EW technology for over 50 years, emphasizing the importance of spectrum superiority.
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