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L3Harris Technologies reports news on its defense technology portfolio serving space, air, land, sea and cyber missions for national security customers. Updates commonly cover orders, backlog, revenue trends and segment activity across communications, mission systems, propulsion, missiles, sensors, avionics and space systems.
Company announcements also include dividend actions, production-capacity investments, solid rocket motor expansion, space-mission contributions and partnerships involving satellite systems and Earth-observation data infrastructure. Capital-structure news has included financing and registration activity related to the Missile Solutions business, including operations associated with legacy Aerojet Rocketdyne.
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 22nd 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.
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L3Harris Technologies (NYSE: LHX) announced the successful completion of a critical design review (CDR) for its Viper Shield electronic warfare system, enhancing the capabilities of the F-16 Block 70/72 aircraft. This system provides a virtual electronic shield, improving defense through advanced jamming technology. The milestone was achieved with the participation of Lockheed Martin and the U.S. Air Force. Notably, L3Harris has developed the Viper Shield without relying on U.S. government funding, utilizing internal research and international collaborations instead. The system is set to undergo further integration testing in the second quarter of 2023.
L3Harris Technologies (NYSE: LHX) has announced its fourth quarter fiscal year 2022 results via an investor letter available on its website. A conference call led by Chair & CEO Chris Kubasik and CFO Michelle Turner is scheduled for January 27, 2023, at 8:30 a.m. EST, which will include a Q&A session. Participants can join the call by phone or listen to a webcast on L3Harris.com. A recorded version will also be accessible on the same site by 12 p.m. EST on the same day. L3Harris continues to provide end-to-end technology solutions across aerospace and defense domains, emphasizing its role in meeting mission-critical needs.
L3Harris Technologies (NYSE:LHX) has secured a $40 million contract from the Department of Defense to deliver 14 VAMPIRE™ systems to enhance Ukrainian defense against aerial threats. The agreement includes the delivery of four systems by mid-2023 and ten by year-end. L3Harris is committed to expedited production through investments in procurement and testing to support Ukraine's defense efforts.
L3Harris Technologies (NYSE: LHX) will announce its fourth quarter financial results for FY 2022 on January 26, 2023, at approximately 4:30 p.m. EST. The financial results will be detailed in an investor letter available on L3Harris.com. A conference call with company leadership is scheduled for January 27, 2023, at 8:30 a.m. EST, providing a platform for questions and answers.