L3Harris Technologies Inc Stock Price, News & Analysis

L3Harris Technologies (NYSE:LHX) has successfully delivered its 10,000th Enhanced Night Vision Goggle-Binocular (ENVG-B) to the U.S. Army, marking a significant milestone in its four-year ENVG-B program. The latest delivery included nearly 600 units to the Security Force Assistance Brigade, making it the ninth brigade to utilize this technology. The ENVG-B enhances soldiers' situational awareness and mobility, utilizing advanced fusion technology for improved decision-making during low-light operations.

Garmin International announced that L3Harris Technologies selected its G3000™ integrated flight deck for a contract under the U.S. Special Operations Command's Armed Overwatch program. This marks a significant collaboration, integrating advanced avionics in the Sky Warden combat aircraft. The G3000 offers modern aviation capabilities, enhancing communication, navigation, and surveillance systems, all while supporting lower life-cycle costs. The contract includes delivery of up to 75 aircraft, highlighting Garmin's commitment to military aviation solutions.

L3Harris Technologies (NYSE:LHX) released its third quarter fiscal year 2022 update via an investor letter on its website. CEO Chris Kubasik and CFO Michelle Turner will host a teleconference on October 28, 2022, at 8:30 a.m. EDT to address questions from investors. U.S. participants can call 877-407-6184, while international callers can reach 201-389-0877. A recording of the call will be available at noon EDT on the same day. L3Harris, a global aerospace and defense innovator, generates over $17 billion in annual revenue and operates across various domains, serving customers in over 100 countries.

The Board of Directors of L3Harris Technologies (NYSE:LHX) has declared a quarterly cash dividend of $1.12 per share, payable on December 2, 2022, to shareholders of record by November 18, 2022. Additionally, the Board approved a $3.0 billion share repurchase authorization, raising the total to approximately $4.5 billion. This move reflects the company's commitment to returning value to shareholders while maintaining strong liquidity.

L3Harris Technologies (NYSE:LHX) announced a strategic investment in Seasats, a company specializing in low-cost, solar-powered maritime autonomous surface vehicles (ASV). This partnership aims to enhance the development and production of Seasats' X3 micro-ASV, which features stealth performance and long endurance. The collaboration is expected to significantly improve maritime operational capabilities for both military and commercial clients, while cutting production time by up to 75%. This move responds to urgent U.S. Navy needs for innovative solutions in global maritime security.

L3Harris Technologies (NYSE:LHX) announced its new Iridium Distributed Tactical Communications Systems (DTCS) mission module at the AUSA Annual Meeting, enhancing tactical communication for warfighters. This module integrates global push-to-talk voice and data capabilities into the existing AN/PRC-163 handheld tactical radio, operating on the U.S. Space Force’s DTCS network. It enables seamless communication even when connection methods are limited, supporting better mission planning and execution.

L3Harris Technologies (NYSE:LHX) received two production orders totaling $235 million to supply leader and manpack radios for the U.S. Army. These radios will enhance networking capabilities for warfighters, enabling integrated systems and robust communications. With the potential for over $16 billion in future contracts for more than 165,000 radios, L3Harris aims to provide secure communications for over 20 allied nations. The AN/PRC-163 and AN/PRC-158 radios are notable for their flexibility and software-defined architecture, facilitating future expansions in capability.

MAG Aerospace and L3Harris Technologies (NYSE:LHX) have partnered to enhance the Army's Theater Level High-Altitude Expeditionary Next Airborne ISR Radar (ATHENA-R) program. This collaboration aims to improve intelligence, surveillance, and reconnaissance capabilities by utilizing converted Bombardier Global Express 6500 aircraft. The ATHENA-R is designed to bridge the gap between medium- and high-altitude ISR platforms, offering extended range and payload capacity. The companies leverage decades of experience to deliver a timely and effective solution for the U.S. Army's mission requirements.