L3Harris Technologies Inc Stock Price, News & Analysis

L3Harris Technologies (LHX) has initiated construction of five new solid rocket motor facilities in Virginia, marking a significant expansion of its defense manufacturing capabilities. The new facilities will feature advanced manufacturing technologies including modular factory design, robotic flex cells, and automated casting systems.

The expansion includes a 12,000 square foot state-of-the-art solid rocket motor cast and assembly facility, along with supporting infrastructure. This consolidation will reduce motor manufacturing travel distance by 90%. The project, supported by a Defense Production Act Title III cooperative agreement, will complement existing 256,000 square feet of manufacturing space.

L3Harris is also modernizing operations in Camden, Arkansas, and Huntsville, Alabama, as part of its broader initiative to enhance solid rocket motor production capabilities for national defense programs.

L3Harris Technologies (LHX) has secured multiple orders worth $214 million under Germany's Digitalization – Land Based Operations (D-LBO) program. The orders involve delivering interoperable communication systems to enhance German armed forces' operational capabilities.

The company will provide resilient communications solutions featuring battle-tested hardware and robust waveform technology to support D-LBO's goal of improving operational efficiency and coalition interoperability. This follows recent awards for Falcon® radios from the Netherlands' FOXTROT and U.S. Army's HMS programs.

L3Harris Technologies (NYSE: LHX) has announced its participation in three major investor conferences in May. CFO and Aerojet Rocketdyne President Ken Bedingfield will present at:

• Barclays Americas Select Franchise Conference in London (May 6, 8:30 a.m. local/3:30 a.m. ET)
• Wolfe Research Conference in New York City (May 22, 12:50 p.m. ET)

Additionally, Chair and CEO Christopher E. Kubasik will join Bedingfield at the Bernstein Strategic Decisions Conference in New York City (May 29, 9 a.m. ET). All presentations will be streamed live on the L3Harris website with recordings available afterward.

L3Harris Technologies (NYSE: LHX) reported Q1 2025 results with revenue of $5.1 billion, down 2% year-over-year. The company achieved a diluted EPS of $2.04 and non-GAAP diluted EPS of $2.41.

Key financial metrics include:

• Operating margin of 10.2%; Adjusted segment operating margin of 15.6%
• Repurchased $569 million of shares
• Cash used in operations improved to ($42) million

The company updated its 2025 guidance following the Commercial Aviation Solutions divestiture, now projecting:

• Revenue of $21.4B - $21.7B (previously $21.8B - $22.2B)
• Non-GAAP diluted EPS of $10.30 - $10.50
• Adjusted free cash flow of $2.4B - $2.5B

L3Harris Technologies (NYSE: LHX) has announced its Board of Directors has declared a quarterly cash dividend of $1.20 per common share. The dividend will be payable on June 18, 2025, to shareholders of record at the close of business on June 3, 2025.

L3Harris Technologies (NYSE: LHX) has completed a $125 million expansion of its space manufacturing facility in Fort Wayne, Indiana. The expanded 95,000-square-foot facility will support engineering, integration, testing and program management for missile defense programs.

The facility enhancement aims to support the Department of Defense's requirements for on-orbit technology, with capacity to produce 48 payloads annually. L3Harris currently has 5 satellites in orbit and 34 satellites in development for the Space Development Agency's Tracking Layer and the Missile Defense Agency's Hypersonic and Ballistic Tracking Space Sensor (HBTSS) program.

The expansion will also support increased satellite production capacity for civil weather programs globally, with completion targeted for the latter half of the presidential term.

L3Harris Technologies (NYSE: LHX) and Air Tractor have delivered their first missionized OA-1K Skyraider II aircraft to U.S. Air Force Special Operations Command. The aircraft will support Special Operations Forces (SOF) in various missions including close air support, precision strike, and armed intelligence, surveillance and reconnaissance.

The Skyraider II is designed to operate from rugged and remote airfields and help counter adversaries across the spectrum of armed conflict. The aircraft is based on L3Harris' multi-mission OA-1 Sky Warden platform and can be tailored for various mission requirements for U.S. and allied operators. L3Harris is scheduled to deliver additional aircraft in the future.

L3Harris Technologies (NYSE: LHX) has announced its schedule for first quarter 2025 financial results release. The company will publish its Q1 2025 results before market opening on Thursday, April 24, 2025, followed by an earnings conference call at 10:30 a.m. ET on the same day.

Interested participants can access the earnings call via webcast through L3Harris.com. A recording of the call will be made available on the company's website starting approximately at 12 p.m. ET on April 24, 2025.

L3Harris Technologies (NYSE: LHX) has entered into a significant long-term agreement with the Dutch Ministry of Defence for the FOXTROT program, valued at up to 1 billion euros. The deal focuses on delivering advanced Falcon® IV radios.

The battle-proven communication systems will enhance secure military communications by enabling interoperability with European and NATO forces. The Falcon IV radios will provide immediate interoperability with over 1 million tactical devices already deployed globally.

L3Harris Technologies' Netherlands B.V. has committed to strengthening the Dutch defense industry through European technology partnerships, developing local maintenance facilities, and investing in Dutch talent recruitment and training.