L3Harris Technologies Inc Stock Price, News & Analysis

L3Harris Technologies (NYSE:LHX) announced it has received all regulatory approvals for acquiring Viasat's Tactical Data Link product line, known as Link 16. The deal, initially expected to close in H1 2023, is now set to finalize by January 3, 2023. This acquisition involves nearly 450 employees and approximately $400 million in annual sales, enhancing L3Harris's capabilities in tactical data communication for defense applications. CEO Christopher Kubasik expressed enthusiasm about starting this modernization effort ahead of schedule.

L3Harris Technologies (NYSE: LHX) has announced a definitive agreement to acquire Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD) for $58 per share, totaling approximately $4.7 billion including net debt. This acquisition aims to enhance L3Harris's defense capabilities and foster innovation in missile technologies and hypersonics. With Aerojet generating about $2.3 billion in annual revenue, the merger is expected to close in 2023, pending regulatory approvals. L3Harris intends to leverage synergies between the two firms to deliver superior solutions for the Department of Defense and strengthen the defense industrial base.

L3Harris Technologies (NYSE:LHX) announced the delivery of the first four out of more than 100 T7™ explosive ordnance disposal robots to the U.S. Air Force. This initial delivery is part of an $85 million, 10-year contract. The T7 robot enhances precision and speed for complex EOD missions, crucial for safeguarding Air Force operators. The USAF has ordered a total of 107 T7 robots, marking a significant upgrade from its outdated robotic fleet. The T7’s capabilities include improved lift, battery life, and human-like dexterity, reinforcing L3Harris' position as a leading supplier in defense technology.

Spirit Airlines (NYSE: SAVE) has partnered with L3Harris (NYSE: LHX) to launch the Spirit Wings Pilot Pathway in Central Florida. This program is designed to create a pipeline of skilled pilots, with training conducted at L3Harris’ Flight Academy. Graduates will have the chance to advance to a Spirit First Officer position after meeting specific flight hour requirements. The airline plans to expand rapidly, adding 33 new aircraft in 2023, increasing growth opportunities for pilots. Spirit has also been recognized for diversity and excellence in aviation safety.

L3Harris Technologies (NYSE: LHX) has achieved National Fire Protection Association certification for its XL Extreme™ 400P radio and XL Extreme Speaker Microphone. These devices meet stringent standards for operating in extreme environments, ensuring durability against heat, immersion, shock, and other conditions. The certification guarantees clear audio and reliable connectivity, enhancing firefighter safety. Nino DiCosmo, President of Public Safety and Professional Communications, emphasized the product's ruggedness as crucial for first responders' operational demands.

L3Harris Technologies has been awarded a contract valued at up to $886 million by the U.S. Army Communications-Electronics Command. The contract focuses on enhancing intelligence, surveillance, and reconnaissance capabilities for the Army. It includes a five-year base award with extensions for providing datalink architecture and network design improvements for both aerial and ground communications. The company aims to support resilient and discreet global communications for military operations.

L3Harris Technologies (NYSE: LHX) played a crucial role in the successful launch of Artemis I, NASA's mission to return astronauts to the moon after 50 years. The company supplied advanced avionics that ensured smooth launch command and control during the first eight minutes of flight. This achievement reflects L3Harris's 60-year tradition of supporting NASA's space exploration efforts. With over $17 billion in annual revenue, L3Harris continues to innovate in aerospace and defense technology, having already completed hardware for the upcoming Artemis II mission slated for May 2024.

L3Harris Technologies (NYSE:LHX) has successfully launched its Cross-Track Infrared Sounder (CrIS) aboard NOAA's Joint Polar Satellite System-2 (JPSS-2). This advanced sensor increases NOAA's ability to forecast severe weather, offering 100 times more infrared channels than its predecessor, which enhances the accuracy of weather models. The CrIS instrument is pivotal in improving hurricane and tornado detection, aiding in better predictions up to seven days in advance. This technology supports NOAA in creating a more weather-ready nation.