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L3Harris Technologies, Inc. - LHX STOCK NEWS

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.

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L3Harris Technologies (NYSE: LHX) has appointed retired Air Force General Edward A. Rice, Jr. to its Board of Directors. With 35 years of military experience, including leadership roles in U.S. Forces Japan and the Pacific Air Forces, Rice brings significant expertise in military operations and national security, especially regarding the Asia-Pacific region. This strategic appointment comes as the DoD identifies China as a key threat, highlighting the potential value of Rice's insights for L3Harris's ongoing projects. Rice holds multiple advanced degrees, including a master's in national security policy studies.

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The Board of Directors of L3Harris Technologies (NYSE: LHX) has approved a quarterly cash dividend increase from $1.12 to $1.14, which will take effect with the first quarter dividend on March 24, 2023, payable to shareholders of record as of March 10, 2023. This marks the 22nd consecutive annual increase, raising the annual dividend from $4.48 to $4.56.

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L3Harris Technologies (NYSE: LHX) will present at the Barclays Industrial Select Conference on February 23, 2023, at 8:00 a.m. EST. CEO Chris Kubasik and CFO Michelle Turner will lead the presentation, which will be streamed live on the L3Harris website. A recording of the presentation will be available after the event. L3Harris is a key player in the global aerospace and defense industry, delivering technology solutions across various domains with a dedicated workforce of 46,000 employees.

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L3Harris Technologies (NYSE: LHX) has expanded its pilot training agreement with All Nippon Airways (ANA) to include training for ANA pilots. This agreement is set to begin in March 2023, allowing ANA to standardize pilot training across its group airlines and meet future pilot demand. The initial cohort of pilots will undergo a 60-week training program in England before returning to Japan for certification. This expansion builds on a long-standing relationship between L3Harris and ANA's subsidiary, Peach Aviation, showcasing ANA's confidence in L3Harris' training capabilities.

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L3Harris Technologies (NYSE: LHX) announced the successful completion of a critical design review (CDR) for its Viper Shield electronic warfare system, enhancing the capabilities of the F-16 Block 70/72 aircraft. This system provides a virtual electronic shield, improving defense through advanced jamming technology. The milestone was achieved with the participation of Lockheed Martin and the U.S. Air Force. Notably, L3Harris has developed the Viper Shield without relying on U.S. government funding, utilizing internal research and international collaborations instead. The system is set to undergo further integration testing in the second quarter of 2023.

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L3Harris Technologies (NYSE: LHX) has announced its fourth quarter fiscal year 2022 results via an investor letter available on its website. A conference call led by Chair & CEO Chris Kubasik and CFO Michelle Turner is scheduled for January 27, 2023, at 8:30 a.m. EST, which will include a Q&A session. Participants can join the call by phone or listen to a webcast on L3Harris.com. A recorded version will also be accessible on the same site by 12 p.m. EST on the same day. L3Harris continues to provide end-to-end technology solutions across aerospace and defense domains, emphasizing its role in meeting mission-critical needs.

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L3Harris Technologies (NYSE:LHX) has secured a $40 million contract from the Department of Defense to deliver 14 VAMPIRE™ systems to enhance Ukrainian defense against aerial threats. The agreement includes the delivery of four systems by mid-2023 and ten by year-end. L3Harris is committed to expedited production through investments in procurement and testing to support Ukraine's defense efforts.

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L3Harris Technologies (NYSE: LHX) will announce its fourth quarter financial results for FY 2022 on January 26, 2023, at approximately 4:30 p.m. EST. The financial results will be detailed in an investor letter available on L3Harris.com. A conference call with company leadership is scheduled for January 27, 2023, at 8:30 a.m. EST, providing a platform for questions and answers.

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Viasat has successfully completed the sale of its Link 16 Tactical Data Links business to L3Harris Technologies for approximately $1.96 billion in cash. The expected net proceeds for Viasat are around $1.8 billion after taxes and fees. This divestiture aligns with Viasat's strategy to focus on global satellite services and supports the reduction of net debt and interest expenses, progressing towards positive free cash flow. The Link 16 TDL business generated about $400 million in revenue and $125 million in Adjusted EBITDA for the year ending June 30, 2022.

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FAQ

What is the current stock price of L3Harris Technologies (LHX)?

The current stock price of L3Harris Technologies (LHX) is $213.55 as of December 20, 2024.

What is the market cap of L3Harris Technologies (LHX)?

The market cap of L3Harris Technologies (LHX) is approximately 39.8B.

What does L3Harris Technologies specialize in?

L3Harris Technologies specializes in C4ISR systems, uncrewed aerial vehicles, sensors, avionics, and provides military and commercial training services.

How many employees does L3Harris Technologies have?

L3Harris Technologies has approximately 47,000 employees.

What recent acquisition has L3Harris Technologies completed?

In July 2023, L3Harris acquired Aerojet Rocketdyne, a key supplier of rocket motors for the space and defense industry.

What is the annual revenue of L3Harris Technologies?

L3Harris Technologies generates approximately $18 billion in annual revenue.

In how many countries does L3Harris operate?

L3Harris operates in over 100 countries.

What is the significance of the Fisica platform?

The Fisica platform, created through the sale of certain businesses from L3Harris, aims to foster growth and innovation in the defense sector.

What is the role of Iridium STL service in L3Harris operations?

Iridium STL service provides essential timing synchronization for L3Harris’s nationwide communication networks, supporting critical infrastructure applications.

Who maintains the U.S. Federal Aviation Administration's communications infrastructure?

L3Harris Technologies maintains the U.S. Federal Aviation Administration's communications infrastructure.

What markets does L3Harris serve?

L3Harris serves both defense and commercial markets across various domains including space, air, land, sea, and cyber.

Where is L3Harris Technologies headquartered?

L3Harris Technologies is headquartered in Melbourne, Florida, USA.

L3Harris Technologies, Inc.

NYSE:LHX

LHX Rankings

LHX Stock Data

39.84B
188.99M
0.32%
85.98%
1%
Aerospace & Defense
Search, Detection, Navagation, Guidance, Aeronautical Sys
Link
United States of America
MELBOURNE