L3Harris Technologies Inc Stock Price, News & Analysis

L3Harris Technologies has secured a 10-year, $750 million contract from the U.S. Marine Corps for multi-channel handheld and vehicular radio systems. The Falcon IV radios will enhance interoperability across U.S. defense branches and allies, contributing to Force Design 2030 and Joint All-Domain Command and Control (JADC2). These innovative radios provide secure communications against adversary threats, with flexible architecture for evolving needs. This continues L3Harris's successful collaboration with the Marines in delivering essential communication solutions.

L3Harris Technologies (NYSE:LHX) announces the appointment of Michelle Turner as the new Senior Vice President and Chief Financial Officer (CFO), effective immediately. Turner succeeds Jay Malave, who is leaving for other career opportunities. With extensive experience in finance, particularly in the defense industry, Turner previously held roles at Johnson & Johnson and Raytheon. As CFO, she will oversee financial strategies, accounting, internal audits, and investor relations, aiming to drive growth.

L3Harris Technologies (NYSE:LHX) will host a conference call on January 31, 2022, at 8:30 a.m. ET to discuss its fourth quarter 2021 financial results. Interested participants can dial in at 877-407-6184 for U.S. and 201-389-0877 for international callers. A webcast with supporting slides will also be available on L3Harris.com. A recording will be accessible from 12 p.m. ET on the same day.

L3Harris Technologies (NYSE:LHX) has reorganized its core businesses, reducing from four to three segments: Integrated Mission Systems, Space and Airborne Systems, and Communication Systems. This decision follows a successful portfolio shaping initiative started in 2019 aimed at high-growth, technology-driven sectors. The company emphasizes its commitment to delivering innovative defense solutions. L3Harris boasts approximately $18 billion in annual revenue and serves customers in over 100 countries.

L3Harris Technologies has successfully delivered its fourth Advanced Baseline Imager (ABI) for NOAA's GOES-R series, completing the satellite technology series designed for environmental monitoring. The ABI enhances weather observation, capturing images every five minutes, and can rapidly image events like hurricanes every 30 seconds. The GOES-U satellite, integrating this imager, is set to launch in 2024. Furthermore, L3Harris is developing next-generation weather imaging concepts for NOAA's GeoXO Program, expected to boost U.S. weather forecasting accuracy in the 2030s.

L3Harris Technologies (NYSE:LHX) has successfully completed the Critical Design Review (CDR) for the U.S. Missile Defense Agency’s Hypersonic and Ballistic Tracking Space Sensor (HBTSS) program. This milestone allows the company to meet cost, performance, and schedule requirements as they initiate satellite construction. The program aims to detect and track missile threats using advanced infrared sensors. With rising concerns over hypersonic threats from China and Russia, L3Harris is prioritizing investments in innovative satellite solutions.

L3Harris Technologies (NYSE:LHX) is actively mentoring 47 teams across 15 states to encourage students in robotics competitions, showcasing its commitment to STEM education. The initiative supports elementary, middle, and high school teams with guidance from L3Harris employees and financial backing from the L3Harris Foundation. This effort aims to enhance interest in STEM fields and nurture talent for future innovation. L3Harris has a history of involvement in student technology challenges, emphasizing philanthropy and employee engagement in community initiatives.

L3Harris Technologies (NYSE:LHX) has elected Admiral Harry B. Harris, Jr. to its Board of Directors, expanding the board to 13 members. Admiral Harris, a retired U.S. Navy officer with extensive military and technological experience, served as U.S. Ambassador to South Korea from 2018 to 2021. He brings invaluable insights into 5G, cloud computing, and cybersecurity. Executive Chair William M. Brown and CEO Christopher E. Kubasik anticipate that his expertise will support the company’s long-term growth strategy and enhance global partnerships.

On December 7, 2021, J.F. Lehman & Company announced its acquisition of Narda-MITEQ from L3Harris Technologies (NYSE:LHX). Narda-MITEQ specializes in custom RF and microwave solutions for defense and commercial markets, boasting a legacy since 1953 and approximately 400 employees across three locations in the US and Europe. JFLCO's investment aims to leverage Narda-MITEQ's technical expertise and customer base for growth in both organic and acquisition strategies. The acquisition was financed by Barings Finance and Siemens Financial Services.