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.
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.
L3Harris Technologies (NYSE: LHX) has successfully completed the sale of its Commercial Aviation Solutions (CAS) business to an affiliate of TJC L.P. for $800 million in an all-cash transaction. The CAS business, previously part of L3Harris' Integrated Missions Systems segment, focuses on commercial flight training, flight data analytics, commercial avionics, and related capabilities.
TJC has completed the acquisition of L3Harris Technologies (NYSE:LHX) Commercial Aviation Solutions (CAS) business for $800 million. The acquisition encompasses two main operating units:
The Avionics unit specializes in mission-critical aviation products, serving over 160 aircraft platforms across commercial, business, and military markets. Their product portfolio includes ADS-B NextGen surveillance, voice and data recorders, collision avoidance systems, and navigation products.
The Commercial Training Solutions (CTS) unit provides comprehensive aircraft training solutions, including full flight simulators, training devices, and airline-specific qualification courses. Their airline academy offers integrated training programs spanning 12-18 months, covering flight training, instruction, type rating, and airline placement services.
L3Harris Technologies (NYSE: LHX) has successfully introduced its new advanced large solid rocket motor, the eSR-19, during a recent Missile Defense Agency (MDA) test. The motor powered both stages of the company's air-launched, Medium Range Ballistic Missile target vehicle during the Flight Test Other-40 (Stellar Banshee) exercise.
The test demonstrated the USS Pinckney's ability to detect and track an advanced hypersonic target, including firing a simulated upgraded Standard Missile 6. The eSR-19 is an enhanced version of the SR-19 used in Minuteman III strategic missiles, featuring a lighter filament-wound composite case for improved performance. This successful mission marks L3Harris' 39th launch supporting the U.S. missile defense program.
Shield AI has secured a $240 million F-1 strategic funding round, achieving a $5.3 billion valuation. The round saw major participation from strategic investors L3Harris (NYSE: LHX) and Hanwha Aerospace, alongside existing investors including Andreessen Horowitz.
The funding will support the expansion of Hivemind Enterprise, an AI-powered autonomy software suite that enables developers and organizations to build, test, and deploy autonomous systems. The platform offers an integrated autonomy factory, industrial-grade middleware, and mission control capabilities.
Shield AI's technology has demonstrated success in autonomously operating various aircraft including F-16s, MQ-20s, and V-BATs in GPS- and communications-denied environments. The company's partnership with L3Harris aims to accelerate the delivery of AI-enabled solutions and emerging technologies for customer needs.
L3Harris Technologies (NYSE: LHX) has announced an increase in its quarterly cash dividend from $1.16 to $1.20 per share, marking its 24th consecutive annual dividend increase. The new dividend will be payable on March 21, 2025, to shareholders of record as of March 10, 2025. This adjustment raises the annualized dividend rate from $4.64 to $4.80 per share. The increase aligns with the company's strategic initiative to prioritize cash returns to shareholders.
L3Harris Technologies [NYSE: LHX] and Shield AI have announced a collaboration to demonstrate electronic warfare operations using AI-enabled unmanned systems. The partnership combines L3Harris' DiSCO™ (Distributed Spectrum Collaboration and Operations) software with Shield AI's Hivemind autonomy software.
DiSCO™, a software-defined Electromagnetic Battle Management ecosystem, can detect, collect, and analyze threat signals within minutes. The integration aims to enable autonomous systems that can sense, adapt, and act while executing physical and electromagnetic movements in complex battlefield environments.
The collaboration focuses on developing distributed, autonomous kill webs for real-time operation in contested environments. L3Harris and Shield AI plan to continue demonstrations and integrations to deliver scalable, multi-domain solutions for the U.S. and its allies.
L3Harris Technologies (NYSE: LHX) has initiated construction of four new solid rocket motor production facilities in Camden, Arkansas, marking a significant expansion of its manufacturing capabilities. The project is part of a $215.6 million cooperative agreement with the Defense Department's Defense Production Act Title III program to enhance domestic rocket propulsion manufacturing capacity.
The expansion includes a 60,000-square-foot state-of-the-art facility that will centralize production, reducing motor manufacturing travel distance by 80%. Additional construction includes a dedicated mixer building and propellant processing buildings. The company is also modernizing facilities in Orange County, Virginia, and transitioning production of inert components to Huntsville, Alabama.
This strategic investment aims to address growing demand for tactical and strategic missile capabilities, supporting national defense and deterrence efforts. The expansion is expected to boost Arkansas's aerospace industry, which is currently the state's largest export sector.