L3Harris Technologies Inc Stock Price, News & Analysis

L3Harris Technologies (NYSE:LHX) announced that Jay Malave, Senior Vice President and CFO, will present at Baird’s 2021 Global Industrial Conference on November 10, 2021, at 9:40 a.m. ET. The presentation will be streamed live in a listen-only format on L3Harris.com, with a replay available for seven days post-event.

L3Harris is a global aerospace and defense technology innovator, generating approximately $18 billion in annual revenue and employing 47,000 people to serve customers in over 100 countries.

L3Harris Technologies (NYSE: LHX) reported third-quarter 2021 results with revenues of $4.2 billion, down 5% year-over-year, attributed to supply chain disruptions. Despite the revenue decline, net income increased 11% to $479 million, bolstering GAAP EPS to $2.39, a 20% rise. The company generated $484 million in operating cash flow and returned $1.5 billion to shareholders. Guidance for 2021 was adjusted, forecasting revenue around $17.9 billion, down from prior estimates due to ongoing global impacts and divestitures.

The Board of Directors of L3Harris Technologies (NYSE:LHX) has declared a quarterly cash dividend of $1.02 per share, payable on December 3, 2021, to shareholders of record as of the close of business on November 19, 2021. L3Harris is a leading global aerospace and defense technology innovator with approximately $18 billion in annual revenue and 48,000 employees. The company provides advanced technologies across various domains, including air, land, sea, space, and cyber, serving customers in over 100 countries.

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.