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L3Harris Technologies reports news on its defense technology portfolio serving space, air, land, sea and cyber missions for national security customers. Updates commonly cover orders, backlog, revenue trends and segment activity across communications, mission systems, propulsion, missiles, sensors, avionics and space systems.
Company announcements also include dividend actions, production-capacity investments, solid rocket motor expansion, space-mission contributions and partnerships involving satellite systems and Earth-observation data infrastructure. Capital-structure news has included financing and registration activity related to the Missile Solutions business, including operations associated with legacy Aerojet Rocketdyne.
L3Harris Technologies (NYSE:LHX) has announced its advanced third-generation sight systems designed for American Rheinmetall Vehicles’ Lynx Optionally Manned Fighting Vehicle (OMFV). These systems significantly reduce size, weight, and power requirements while increasing battlefield awareness and lethality. The Lynx OMFV benefits from enhanced detection capabilities, enabling faster targeting and engagement of threats, and reduces crew size from three to two. This system supports the U.S. Army’s modernized ground combat infrastructure and aims to replace the aging M2 Bradley Fighting Vehicle.
L3Harris Technologies (NYSE:LHX) has signed a definitive agreement to acquire Viasat (NASDAQ:VSAT) for approximately $1.96 billion, focusing on Viasat's Tactical Data Links (TDL) product line. This acquisition will enhance L3Harris's ability to provide advanced Joint All-Domain Command and Control (JADC2) solutions, integrating with Link 16. The TDL product line generates around $400 million in annual sales, and the transaction is expected to close in the first half of 2023, pending regulatory approvals.
L3Harris Technologies (NYSE:LHX) will announce its Q3 2022 financial results on October 27, 2022, at 4:30 p.m. EDT. An investor letter will detail the results, which will be available on L3Harris.com. Following this, a Q&A teleconference will be held on October 28, 2022, at 8:30 a.m. EDT. The call is expected to last 45 minutes, and participants can access it via webcast.
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L3Harris Technologies (NYSE: LHX) secured a $91.5 million contract from Boeing to supply mission-management processors for the T-7A Red Hawk, marking a significant advancement in U.S. Air Force training technology. The processors integrate multiple data streams to enhance pilot readiness and operational efficiency, reducing lifecycle costs through an open-systems design. The T-7A Red Hawk is set to become operational by 2024, honoring the legacy of the Tuskegee Airmen. This contract emphasizes L3Harris’ commitment to innovative aerospace solutions.
L3Harris Technologies (NYSE:LHX) and Embraer S.A. (NYSE:ERJ) have formed a partnership to develop the "Agile Tanker," a tactical aerial refueling aircraft aimed at fulfilling the U.S. Air Force's operational needs, particularly under contested logistics conditions. The enhancements to Embraer's KC-390 Millennium will include advanced boom operations and resilient mission systems, enabling greater mission coverage. The collaboration supports a cost-effective and agile approach to air dominance, aligning with the Air Force's strategic goals.
L3Harris Technologies has been selected by the U.S. Department of the Air Force's Rapid Capabilities Office to join a consortium aimed at designing, developing, and deploying advanced battle management digital infrastructure. This initiative will support the Air Force's Joint All-Domain Command and Control (JADC2) vision. The consortium, including L3Harris, will focus on interoperability, secure processing, and resilient communications, providing a crucial backbone for multi-domain operations.
L3Harris Technologies (NYSE:LHX) will be represented by Senior Vice President and Chief Financial Officer Michelle Turner at the Morgan Stanley 10th Annual Laguna Conference on September 15, 2022, at 10:00 a.m. ET. The presentation will be streamed live on L3Harris.com with a replay available until September 22.
L3Harris is a global aerospace and defense innovator, generating over $17 billion in annual revenue and employing approximately 47,000 people worldwide.
L3Harris Technologies has been awarded a contract by SOCOM for the Sky Warden™ system, aimed at strengthening irregular warfare capabilities. The contract, with a ceiling of $3 billion, includes an initial award of $170 million for up to 75 aircraft. Production will begin in 2023. The aircraft will offer close air support, precision strikes, and armed ISR capabilities. This reflects L3Harris's commitment to delivering advanced solutions for U.S. special operations, enhancing their operational efficiency in various environments.
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.