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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.
The Board of Directors of L3Harris Technologies (NYSE:LHX) has declared a quarterly cash dividend of $1.12 per share. This dividend is payable on September 16, 2022, to shareholders of record by the close of business on September 2, 2022. As a leading global aerospace and defense technology innovator, L3Harris reported over $17 billion in annual revenue and employs approximately 47,000 individuals worldwide, serving customers across more than 100 countries.
L3Harris Technologies (NYSE:LHX) has elected Christina L. Zamarro to its Board of Directors, expanding the board to 14 members. Zamarro, formerly Vice President of Finance and Treasurer at Goodyear, brings extensive experience in finance, strategy, and risk management. She is known for overseeing significant transactions, including Goodyear’s $2.8 billion acquisition of Cooper Tire. Her expertise in capital markets and strategic planning is expected to bolster L3Harris's efforts in expanding its global market presence as a leader in the defense industry.
The U.S. Navy has awarded L3Harris Technologies (NYSE:LHX) a contract worth up to ~$380M for the production, repair, and sustainment of the Cooperative Engagement Capability (CEC) system. An initial award of ~$15M has been confirmed. The CEC enhances anti-air warfare and integrated fire control for Navy ships, aircraft, and Marine Corps units. This contract reinforces L3Harris’s position in providing decision-quality data and supporting the Department of Defense's vision for Joint All-Domain Command and Control (JADC2).
L3Harris Technologies (NYSE:LHX) has secured a contract valued at $700 million to build the Space Development Agency's Tranche 1 Tracking Layer satellite program. This initiative aims to enhance missile tracking capabilities with a 14-vehicle satellite constellation, addressing hypersonic missile threats. The project emphasizes resilience and rapid deployment, reflecting a commitment to advanced defense technology and the need for diversified missile defense solutions.
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.
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L3Harris Technologies (NYSE:LHX) has secured a $205 million contract to provide the Shipboard Panoramic Electro-Optic/Infrared (SPEIR) system for the org value="ACORN:3228983497" idsrc="xmltag.org"U.S. Navy, potentially increasing to $593 million through March 2031. This system enhances fleet protection with 360-degree situational awareness capabilities. The collaboration includes org value="OTC-PINK:BAESY" idsrc="xmltag.org"BAE Systems and Lockheed Martin, leveraging advanced technologies to improve combat systems and reduce operator workload.
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.