L3Harris Technologies Inc Stock Price, News & Analysis

L3Harris Technologies has appointed Daniel Zoot as the new Corporate Vice President for Japan, marking the establishment of the company's first corporate office in Tokyo. Zoot, with nearly 30 years in the aerospace and defense sector, aims to enhance L3Harris' capabilities in supporting technology and national security challenges. The firm has a strong presence in Japan's defense market, investing in domains such as space, cyberspace, and traditional military sectors. This move underscores L3Harris' commitment to its U.S. allies and the expansion of its global focus.

L3Harris Technologies (NYSE:LHX) has been selected by NASA for a second advanced study to enhance U.S. weather forecasting accuracy. The study will develop a new sensor technology called 'sounders' to measure temperature and water vapor, improving severe storm tracking. This follows a similar award from NOAA for a GeoXO satellite imager. With an annual revenue of approximately $18 billion and operations in over 100 countries, L3Harris continues to lead in weather satellite technology, with future satellite launches planned for the 2030s.

L3Harris Technologies has received an order from the U.S. Army for 1,000 Falcon IV AN/PRC-171 Compact Team Radios. These radios enhance communication across tactical levels, supporting the Army’s Integrated Tactical Network and enabling infantry teams to stay connected on the battlefield. Each radio offers over 20 hours of voice and data communication and can interface with L3Harris solutions. This delivery reflects L3Harris' commitment to providing advanced defense technologies for effective operations.

L3Harris Technologies (NYSE:LHX) has secured a 10-year, $947 million contract to modernize the U.S. Air Force B-52 aircraft's electronic warfare systems. The upgrade will enhance the AN/ALQ-172 EW self-protection system, ensuring aircrew safety against radar threats and electronic warfare. This contract is part of a broader spectrum dominance program set to continue through 2031, maintaining the B-52's operational relevance. The company has a legacy of providing EW technology for over 50 years, emphasizing the importance of spectrum superiority.

L3Harris Technologies (NYSE:LHX) has finalized the sale of its Electron Devices and Narda Microwave-West businesses to Arlington Capital Partners. This divestiture is part of L3Harris' strategic realignment, focusing on more profitable segments. The sale proceeds are intended for share repurchases, potentially benefiting shareholders. The businesses sold are significant providers of RF amplification products for various high-demand sectors such as space, electronic warfare, and medical markets, with over 800 employees across California and Pennsylvania.

Arlington Capital Partners has successfully acquired L3Harris Technologies' Electron Devices and Narda Microwave-West divisions, which will operate independently as Stellant Systems. This strategic move positions Stellant as a key player in the defense electronics market, leveraging its expertise in RF amplification products for various critical sectors. The new leadership team, led by CEO Paul Russell, aims to enhance Stellant's growth through ongoing investments. Arlington's focus on middle-market opportunities further supports Stellant's potential in the space and defense sectors.

L3Harris Technologies (NYSE:LHX) announces a conference call on October 29, 2021, at 8:30 a.m. ET to discuss its third quarter 2021 financial results. Interested participants can join by dialing 877-407-6184 (U.S.) or 201-389-0877 (International). A webcast and slide presentation will be available on L3Harris.com. A recording will be accessible post-call from 12 p.m. ET on the same day.

Aegis Software has signed an enterprise agreement with L3Harris Technologies (NYSE:LHX) to implement the FactoryLogix platform across 20 manufacturing sites, enhancing operational efficiency for over 5,500 end users. This collaboration will digitize and optimize manufacturing data, providing better visibility into productivity and quality metrics. The partnership aims to achieve cost savings and operational excellence, reinforcing L3Harris' commitment to innovation in manufacturing processes.

L3Harris Technologies (NYSE:LHX) has secured over $200 million in orders for the U.S. Army’s Handheld, Manpack & Small Form-Fit (HMS) program. These orders mark a significant production milestone, advancing the Army's Integrated Tactical Network. The contracts will deliver crucial multi-channel handheld and manpack radios that enhance warfighter capabilities. The Army's existing contracts include a base term of five years and an option for an additional five years, potentially reaching a ceiling of more than $16 billion, with an expected purchase of approximately 100,000 radios.