L3Harris Technologies Inc Stock Price, News & Analysis

L3Harris Technologies (NYSE:LHX) and Embraer S.A. (NYSE:ERJ) have formed a partnership to develop the "Agile Tanker," a tactical aerial refueling aircraft aimed at fulfilling the U.S. Air Force's operational needs, particularly under contested logistics conditions. The enhancements to Embraer's KC-390 Millennium will include advanced boom operations and resilient mission systems, enabling greater mission coverage. The collaboration supports a cost-effective and agile approach to air dominance, aligning with the Air Force's strategic goals.

L3Harris Technologies has been selected by the U.S. Department of the Air Force's Rapid Capabilities Office to join a consortium aimed at designing, developing, and deploying advanced battle management digital infrastructure. This initiative will support the Air Force's Joint All-Domain Command and Control (JADC2) vision. The consortium, including L3Harris, will focus on interoperability, secure processing, and resilient communications, providing a crucial backbone for multi-domain operations.

L3Harris Technologies (NYSE:LHX) will be represented by Senior Vice President and Chief Financial Officer Michelle Turner at the Morgan Stanley 10th Annual Laguna Conference on September 15, 2022, at 10:00 a.m. ET. The presentation will be streamed live on L3Harris.com with a replay available until September 22.

L3Harris is a global aerospace and defense innovator, generating over $17 billion in annual revenue and employing approximately 47,000 people worldwide.

L3Harris Technologies has been awarded a contract by SOCOM for the Sky Warden™ system, aimed at strengthening irregular warfare capabilities. The contract, with a ceiling of $3 billion, includes an initial award of $170 million for up to 75 aircraft. Production will begin in 2023. The aircraft will offer close air support, precision strikes, and armed ISR capabilities. This reflects L3Harris's commitment to delivering advanced solutions for U.S. special operations, enhancing their operational efficiency in various environments.

L3Harris Technologies (NYSE:LHX) announced its Q2 fiscal year 2022 results, emphasizing its role as a leader in aerospace and defense technology. The company achieved over $17 billion in annual revenue, serving customers across more than 100 countries. An earnings call is scheduled for July 29, 2022, at 8:30 a.m. ET, where stakeholders can access further insights. The call will be available via teleconference and webcast, with recordings accessible post-event.

The Board of Directors of L3Harris Technologies (NYSE:LHX) has declared a quarterly cash dividend of $1.12 per share. This dividend is payable on September 16, 2022, to shareholders of record by the close of business on September 2, 2022. As a leading global aerospace and defense technology innovator, L3Harris reported over $17 billion in annual revenue and employs approximately 47,000 individuals worldwide, serving customers across more than 100 countries.

L3Harris Technologies (NYSE:LHX) has elected Christina L. Zamarro to its Board of Directors, expanding the board to 14 members. Zamarro, formerly Vice President of Finance and Treasurer at Goodyear, brings extensive experience in finance, strategy, and risk management. She is known for overseeing significant transactions, including Goodyear’s $2.8 billion acquisition of Cooper Tire. Her expertise in capital markets and strategic planning is expected to bolster L3Harris's efforts in expanding its global market presence as a leader in the defense industry.

The U.S. Navy has awarded L3Harris Technologies (NYSE:LHX) a contract worth up to ~$380M for the production, repair, and sustainment of the Cooperative Engagement Capability (CEC) system. An initial award of ~$15M has been confirmed. The CEC enhances anti-air warfare and integrated fire control for Navy ships, aircraft, and Marine Corps units. This contract reinforces L3Harris’s position in providing decision-quality data and supporting the Department of Defense's vision for Joint All-Domain Command and Control (JADC2).

L3Harris Technologies (NYSE:LHX) has secured a contract valued at $700 million to build the Space Development Agency's Tranche 1 Tracking Layer satellite program. This initiative aims to enhance missile tracking capabilities with a 14-vehicle satellite constellation, addressing hypersonic missile threats. The project emphasizes resilience and rapid deployment, reflecting a commitment to advanced defense technology and the need for diversified missile defense solutions.