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) 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.
The Board of Directors of L3Harris Technologies (NYSE:LHX) has declared a quarterly cash dividend of $1.14 per common share, which is set to be paid on June 16, 2023. Shareholders recorded as of the close of business on June 2, 2023 will be eligible for this dividend. L3Harris Technologies is recognized as a leading provider of technology solutions across multiple domains including aerospace and defense, with a workforce of 46,000 employees dedicated to meeting customer needs.
L3Harris Technologies (NYSE:LHX) has secured a $145 million contract for the fourth option year of the Maintenance Of Space Situational Awareness Integrated Capabilities (MOSSAIC) program from the U.S. Space Force. This contract supports the modernization of crucial space infrastructure to enhance Space Domain Awareness (SDA).
This program enables the detection, tracking, and identification of deep space objects for military and commercial use, particularly assisting command centers in Colorado, California, and Virginia. Recent upgrades include a successful communications milestone, achieving a 100% success rate reported by Space Force officials.
The modernization efforts aim to support ongoing military operations and ensure safety across the space domain, reflecting L3Harris's commitment to maintaining a competitive advantage in space technology.
L3Harris Technologies (NYSE: LHX) has secured a contract to supply next-generation geostationary imaging and sounding instruments for the Japan Meteorological Agency (JMA), enhancing severe weather prediction capabilities. The project includes the development of an advanced imager and sounder for the Himawari-10 satellite, which will utilize a platform similar to the Advanced Baseline Imager on NOAA’s GOES-R satellites, featuring enhanced spectral bands tailored for Japan's needs.
This initiative bolsters L3Harris' longstanding legacy in space-based weather technology, enabling more precise atmospheric measurements. The new technology aims to improve real-time forecasting and disaster response across Japan and the Asia-Pacific region, further solidifying L3Harris' reputation as a trusted partner in advanced weather satellite technology.
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