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) generates a steady flow of news tied to its role as a defense technology company focused on space, communications and missile solutions. This page aggregates coverage of L3Harris announcements, contracts and strategic actions so readers can follow how the company’s activities evolve across the space, air, land, sea and cyber domains.
Recent news highlights L3Harris’ reorganization into three business segments: Space & Mission Systems, Communications & Spectrum Dominance and Missile Solutions. Articles also cover major developments in missile propulsion, such as investments in solid rocket motor capacity and follow-on production contracts for Guided Multiple Launch Rocket System propulsion units, as well as plans to create an independently traded Missile Solutions company supported by a proposed convertible preferred investment from the Department of War.
Space-related news includes contracts from the Space Development Agency for infrared tracking satellites that support missile warning and defense architectures, along with portfolio moves such as the sale of a controlling interest in the Space Propulsion and Power Systems business to AE Industrial Partners while retaining a minority stake. Coverage of communications and electronic warfare activities features demonstrations of interoperable, software-defined networks that connect multiple U.S. government agencies and domains.
Readers can use this news feed to track LHX earnings announcements, segment realignments, facility investments, partnerships with organizations such as EDGE Group in the UAE, and other disclosures that illustrate how L3Harris positions its technology within the defense industrial base. For investors, analysts and industry observers, the page offers a single view of the company’s most recent public updates and contract awards.
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.
Virgin Orbit announces a significant partnership with L3Harris Technologies to acquire two Boeing 747-400 airframes, enhancing its satellite launch capabilities for U.S. national security and allied demands. The modifications will allow for the delivery of rockets and support equipment from foreign spaceports, with the second airborne launcher expected to be operational by 2023. This strategic move aims to double Virgin Orbit's fleet capacity, ensuring greater mission flexibility and expanding its global service reach in the low Earth orbit market.
L3Harris Technologies (NYSE:LHX) has announced the election of Joanna L. Geraghty to its Board of Directors, expanding the board to 14 members. Geraghty is currently the President and COO of JetBlue Airways, bringing extensive experience in operations and technology. Her leadership has been pivotal in JetBlue's growth into an international airline. L3Harris aims to leverage her expertise to enhance its international market presence and address critical customer missions, as the company positions itself to meet the growing demand for innovative aerospace and defense solutions.
L3Harris Technologies (NYSE:LHX) announced its first quarter fiscal year 2022 results in an investor letter. The company reported annual revenues exceeding $17 billion and employed 47,000 personnel worldwide, serving customers across over 100 countries. A teleconference is scheduled for April 29, 2022, at 8:30 a.m. ET to discuss the results, with recordings available post-call.
L3Harris Technologies (NYSE:LHX) plans to release its first-quarter fiscal year 2022 financial results on April 28, 2022 at 4:30 p.m. ET. The company will issue an Investor Letter, consolidating prepared remarks, earnings release, and webcast slides. A conference call hosted by company leadership is scheduled for the following morning, April 29, 2022, at 8:30 a.m. ET. The call will last approximately 45 minutes, allowing for a Q&A session.
L3Harris is a global aerospace and defense technology innovator with approximately $17 billion in annual revenue and 47,000 employees.
The Board of Directors of L3Harris Technologies (NYSE:LHX) has announced a quarterly cash dividend of $1.12 per share, payable on June 17, 2022, to shareholders on record as of the close of business on June 3, 2022. L3Harris is a leading aerospace and defense technology innovator, generating over $17 billion in annual revenue and employing around 47,000 people worldwide, serving customers in more than 100 countries.
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