L3Harris Technologies Inc Stock Price, News & Analysis

L3Harris Technologies (NYSE: LHX) has secured a $765 million contract from NASA to develop a next-generation high-resolution imager for NOAA’s Geostationary Extended Observations (GeoXO) satellite system. This advanced technology will offer real-time, high-resolution visible and infrared imagery, significantly enhancing weather forecasting and environmental monitoring capabilities. The GeoXO mission, set to launch in 2032 and operational until 2055, aims to improve precision in severe weather forecasts and provide critical data for disaster response.

L3Harris Technologies (NYSE: LHX) has achieved a significant milestone by surpassing its goal to reduce greenhouse gas emissions by 30%, three years ahead of schedule. This accomplishment is highlighted in their annual Sustainability Report, which emphasizes the company's leadership in sustainability within the aerospace and defense sector. The report also reaffirms L3Harris’ commitment to reducing water use and landfill diversion by 2026. The company's sustainability efforts are driven by energy reduction initiatives and renewable energy sources, supported by significant community contributions totaling nearly $17 million since 2019. The complete report is accessible on their official website.

L3Harris Technologies (NYSE: LHX) has received an undefinitized contract from Lockheed Martin to procure long-lead materials for the Viper Shield electronic warfare system. This initiative aims to accelerate global product delivery and minimize procurement risks. Viper Shield is designed to enhance the protection of F-16 Block 70/72 aircraft, ensuring mission safety in complex environments. The program remains on schedule, with successful critical design reviews and tests expected to continue later this year.

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.

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 22^nd consecutive annual increase, raising the annual dividend from $4.48 to $4.56.

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.

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.