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 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 Palantir Technologies (NYSE: PLTR) have announced a strategic partnership to advance technology development and accelerate L3Harris' digital transformation. The collaboration combines L3Harris' sensors and software-defined systems with Palantir's Artificial Intelligence Platform (AIP). The partnership includes collaboration on U.S. Army programs like TITAN, efforts aligned with the Army's Unified Network Strategy, and internal digital transformation initiatives at L3Harris. Recent integration of L3Harris' WESCAM MX-20 EO/IR system with Palantir's Sensor Inference Platform demonstrated improved target detection and reduced operator workload.
L3Harris Technologies (NYSE:LHX) has announced a quarterly cash dividend of $1.16 per common share. The dividend will be payable on December 6, 2024, to shareholders of record at the close of business on November 18, 2024. This decision was made by the company's Board of Directors, demonstrating their commitment to returning value to shareholders.
L3Harris Technologies (NYSE: LHX) has announced the appointment of David S. Regnery, Chair and CEO of Trane Technologies plc, to its Board of Directors. Christopher E. Kubasik, Chair and CEO of L3Harris, praised Regnery's strong leadership and success in business transformation. Regnery, 62, became CEO of Trane Technologies in July 2021 and Chair in January 2022. He previously served as President and COO, overseeing the company's operations and business segments.
Regnery expressed excitement about joining the L3Harris Board and contributing his experience as a current Chair and CEO of a global industrial company. He is the third independent director added to the L3Harris Board as part of a cooperation agreement with the D.E. Shaw group from December 2023.
L3Harris Technologies (NYSE:LHX) has unveiled its new autonomous reconnaissance and security vehicle system, Diamondback™, at the Association of the United States Army's annual meeting. This system expands L3Harris' platform and mission system autonomy capabilities to support robotic vehicles in land environments.
Key features of Diamondback include:
- Easily reconfigurable
- Highly mobile
- Rapidly scalable
- Modular and open systems architecture
- Focus on commercial components and mobility
The open development approach of Diamondback aims to improve production ramp-up, reduce costs, increase maintainability, and accelerate technology insertions for evolving missions. L3Harris has partnered with Overland AI to provide off-road, cross-country vehicle navigation technology for Diamondback's mission systems.
L3Harris Technologies (NYSE:LHX) has announced the schedule for its third quarter 2024 financial results release and earnings call. The company will release its Q3 2024 financial results on Thursday, October 24, 2024, after market close. This will be followed by an earnings call on Friday, October 25, 2024, at 8:30 a.m. ET. Investors and interested parties can participate in the call via webcast at L3Harris.com or by dialing 800-274-8461 (U.S.) or +1 203-518-9814 (international). A recording of the call will be made available on the company's website approximately at 12 p.m. ET on October 25, 2024.
L3Harris Technologies (NYSE:LHX) has achieved a significant milestone in spectrum dominance by initiating production of its Viper Shield™ all-digital electronic warfare (EW) suite for F-16 fighter jets. The advanced system will be provided to F-16 fleets in six countries. Viper Shield offers enhanced situational awareness and threat countering capabilities, with a flexible installation approach for various F-16 configurations. The system's small 3U form factor allows for integration within the aircraft or as an external pod. Designed for F-16 Block 70/72 aircraft, Viper Shield uses software-defined technology and is engineered for future upgrades to counter evolving threats. Production is taking place at L3Harris' site in Clifton, New Jersey.
L3Harris Technologies (NYSE:LHX) has secured a five-year contract worth up to $587.4 million from the US Navy to deliver custom tactical jamming pods for the Next Generation Jammer – Low Band (NGJ-LB) program. This advanced airborne electronic warfare system will modernize the Navy's Aerial Electronic Attack capability. L3Harris' solution offers:
1. Advanced processing with increased jamming capability
2. Easier maintenance through a modular, open-system architecture
3. Seamless upgrades and future technology integration
4. Compatibility with joint and allied forces
The company will provide eight operational prototype pods and additional test assets over the next five years. The NGJ-LB pods will be deployed on EA-18G Growler aircraft, replacing the aging AN/ALQ-99 Tactical Jamming System.
L3Harris Technologies (NYSE:LHX) has announced its participation in two upcoming investor conferences. Chair and CEO Christopher E. Kubasik and CFO Ken Bedingfield will present at the Jefferies 2024 Industrials Conference on September 5, 2024, at 8:40 a.m. ET in New York City. Additionally, Integrated Mission Systems President Jon Rambeau will join Bedingfield at the Morgan Stanley 12th Annual Laguna Conference on September 12, 2024, at 11:10 a.m. ET in Dana Point, California.
Both presentations will be streamed live on the L3Harris website, with recordings available after the events. These conferences provide opportunities for investors to gain insights into L3Harris's strategies and performance directly from top executives.
L3Harris Technologies (NYSE: LHX) has announced its 2030 sustainability goals, reinforcing its commitment to environmental stewardship. By 2030, L3Harris aims to achieve a 60% reduction in greenhouse gas emissions, a 20% reduction in water use, and a 10% reduction in solid waste. Additionally, the company plans to source 40% of its electricity from renewable sources.
Chair and CEO Christopher E. Kubasik stated that these goals support a sustainable future and improve business operations by reducing costs, promoting energy efficiency, enhancing business resilience, and fostering innovation. Previous sustainability goals were met three years early due to strategic investments. The new goals will measure progress against a 2021 baseline. The Board of Directors will oversee these efforts, ensuring continuous improvement through benchmarking, data capture, and compliance with industry standards and regulatory requirements.
Firefly Aerospace has announced a new multi-launch agreement with L3Harris Technologies (NYSE: LHX) for up to 20 launches on Firefly's Alpha rocket. This 5-year agreement, spanning from 2027 to 2031, includes two to four missions per year based on customer needs. It complements an existing agreement for three Alpha missions in 2026.
The Alpha rocket will launch L3Harris spacecraft into low-Earth orbit from Firefly's SLC-2 launch site at the Vandenberg Space Force Base. Alpha can support responsive space needs for both government and commercial customers, delivering satellites up to 1,030 kg directly to preferred orbits.
Firefly is accelerating vehicle production with a facility expansion in Briggs, Texas, featuring new automated technology that significantly reduces production time for Alpha's carbon composite structures.