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) generates a steady flow of news tied to its role as a defense technology company focused on space, communications and missile solutions. This page aggregates coverage of L3Harris announcements, contracts and strategic actions so readers can follow how the company’s activities evolve across the space, air, land, sea and cyber domains.
Recent news highlights L3Harris’ reorganization into three business segments: Space & Mission Systems, Communications & Spectrum Dominance and Missile Solutions. Articles also cover major developments in missile propulsion, such as investments in solid rocket motor capacity and follow-on production contracts for Guided Multiple Launch Rocket System propulsion units, as well as plans to create an independently traded Missile Solutions company supported by a proposed convertible preferred investment from the Department of War.
Space-related news includes contracts from the Space Development Agency for infrared tracking satellites that support missile warning and defense architectures, along with portfolio moves such as the sale of a controlling interest in the Space Propulsion and Power Systems business to AE Industrial Partners while retaining a minority stake. Coverage of communications and electronic warfare activities features demonstrations of interoperable, software-defined networks that connect multiple U.S. government agencies and domains.
Readers can use this news feed to track LHX earnings announcements, segment realignments, facility investments, partnerships with organizations such as EDGE Group in the UAE, and other disclosures that illustrate how L3Harris positions its technology within the defense industrial base. For investors, analysts and industry observers, the page offers a single view of the company’s most recent public updates and contract awards.
Aerojet Rocketdyne, part of L3Harris Technologies (NYSE:LHX), has successfully delivered its 1,000th solid rocket boost motor and Liquid Divert and Attitude Control System (LDACS) for the Missile Defense Agency’s Terminal High Altitude Area Defense (THAAD) system ahead of schedule. This milestone underscores the company's reliability in providing propulsion and precision systems. THAAD, a key component of the U.S. Missile Defense System, has a 100% success rate in missile defense tests with 16 successful intercepts. Aerojet Rocketdyne manufactures these components across facilities in Huntsville, Alabama; Camden, Arkansas; and Los Angeles, California.
Kanders & Company has completed its acquisition of certain antenna and test equipment businesses from L3Harris Technologies for $200 million.
The acquired businesses, ATI, Datron, and Randtron, will operate under Kanders' new defense technology platform, Fisica.
Fisica will manufacture antennas and electromagnetic systems for various defense applications, including radar and communications.
Based in San Leandro, with additional operations in Menlo Park and Simi Valley, Fisica aims for growth as a critical partner for defense primes and the U.S. Department of Defense.
Warren B. Kanders will serve as Fisica's Executive Chairman, with Mark Rayner as President and Christopher Prabhu as CFO.
L3Harris Technologies (NYSE:LHX) has completed the sale of its antenna and related businesses to an affiliate of Kanders & Company, Inc. for $200 million. This strategic divestiture aligns with L3Harris’ focus on refining its portfolio by shedding non-core assets. The transaction breakdown includes $175 million in cash and a $25 million seller note. The divested businesses, previously under the Space & Airborne Systems segment, employed around 375 people. The proceeds from this transaction will be utilized in line with L3Harris' capital allocation plans.
Sidus Space (NASDAQ: SIDU), a satellite and data service company, announced the extension of its Department of Defense (DoD) Mentor-Protégé Program with L3Harris Technologies (NYSE:LHX) for a second year. This program, which aims to foster partnerships between established defense contractors and smaller emerging businesses, will now continue until March 31, 2025. Carol Craig, Founder and CEO of Sidus Space, expressed enthusiasm about deepening the relationship with L3Harris, particularly in supporting government customers. Both companies are located on Florida’s Space Coast, a location seen as beneficial for strengthening their partnership.
L3Harris Technologies (NYSE:LHX) Chair and CEO Christopher E. Kubasik is scheduled to present at the Bernstein Annual Strategic Decisions Conference on May 30, 2024, at 10 a.m. ET.
The presentation will be livestreamed, and a recording will be available post-event, providing insights into the company's strategic plans and financial outlook.
Aerojet Rocketdyne, a subsidiary of L3Harris Technologies (NYSE: LHX), has been selected as the propulsion provider for the Missile Defense Agency's (MDA) Next Generation Interceptor (NGI). This selection is part of the Lockheed Martin team tasked with advancing the nation's Ground-based Midcourse Defense system. Announced on April 15, the NGI is designed to counter long-range ballistic missile threats and to protect the homeland against evolving dangers into the 2030s and beyond. Christopher E. Kubasik, Chair and CEO of L3Harris, highlighted the company's extensive expertise in providing propulsion technology for MDA interceptor programs.
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