L3Harris Technologies Inc Stock Price, News & Analysis

L3Harris Technologies (NYSE:LHX) will announce its financial results for Q1 2023 on April 27, 2023, at approximately 4:30 p.m. ET. An Investor Letter will be published, accessible at L3Harris.com. A conference call will take place on April 28, 2023, at 8:30 a.m. ET, focusing on Q&A, and lasting about 45 minutes. Participants can join via dial-in numbers or webcast. A recording will be available post-call at noon the same day.

L3Harris Technologies has entered a Cooperative Research and Development Agreement (CRADA) with the U.S. Army to enhance the integration of advanced technology in Next Generation Combat Vehicles. This partnership focuses on implementing the Army’s Modular Open Systems Approach (MOSA), aimed at reducing costs and development timelines. The agreement facilitates collaboration on open-systems standards to ensure mission readiness across multiple domains. L3Harris aims to leverage its expertise to expedite technology solutions for the Army, bolstering its position in the defense market.

Aerojet Rocketdyne's shareholders have approved all proposals necessary for L3Harris Technologies to proceed with the acquisition. This marks a significant milestone in the acquisition process, with integration planning already underway according to L3Harris CEO Christopher E. Kubasik. The company is currently addressing inquiries from the Federal Trade Commission as they aim for a swift closing.

L3Harris Technologies (NYSE: LHX) has received a 'second request' from the Federal Trade Commission (FTC) regarding the regulatory review of its acquisition of Aerojet Rocketdyne (NYSE: AJRD). This request extends the waiting period mandated by the Hart-Scott-Rodino Act until 30 days after L3Harris and Aerojet Rocketdyne fulfill the FTC's information request. The transaction is still anticipated to close in 2023, pending shareholder approval from Aerojet Rocketdyne and other standard closing conditions.

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.