Welcome to our dedicated page for L3Harris Technologies news (Ticker: LHX), a resource for investors and traders seeking the latest updates and insights on L3Harris Technologies stock.
L3Harris Technologies, Inc. (NYSE: LHX) generates a steady flow of news tied to its role as a defense technology company focused on space, communications and missile solutions. This page aggregates coverage of L3Harris announcements, contracts and strategic actions so readers can follow how the company’s activities evolve across the space, air, land, sea and cyber domains.
Recent news highlights L3Harris’ reorganization into three business segments: Space & Mission Systems, Communications & Spectrum Dominance and Missile Solutions. Articles also cover major developments in missile propulsion, such as investments in solid rocket motor capacity and follow-on production contracts for Guided Multiple Launch Rocket System propulsion units, as well as plans to create an independently traded Missile Solutions company supported by a proposed convertible preferred investment from the Department of War.
Space-related news includes contracts from the Space Development Agency for infrared tracking satellites that support missile warning and defense architectures, along with portfolio moves such as the sale of a controlling interest in the Space Propulsion and Power Systems business to AE Industrial Partners while retaining a minority stake. Coverage of communications and electronic warfare activities features demonstrations of interoperable, software-defined networks that connect multiple U.S. government agencies and domains.
Readers can use this news feed to track LHX earnings announcements, segment realignments, facility investments, partnerships with organizations such as EDGE Group in the UAE, and other disclosures that illustrate how L3Harris positions its technology within the defense industrial base. For investors, analysts and industry observers, the page offers a single view of the company’s most recent public updates and contract awards.
L3Harris Technologies (NYSE:LHX) executives, Vice Chair Chris Kubasik and CFO Jay Malave, will present at the Alliance Bernstein’s 37th Annual Strategic Decisions Conference on June 4, 2021, at 9:00 a.m. ET. The presentation will be streamed live in a listen-only format via L3Harris.com. A replay will be accessible for seven days after the event. With approximately $18 billion in annual revenue and a workforce of 48,000, L3Harris is a leader in aerospace and defense technology solutions across multiple domains.
L3Harris Technologies (NYSE:LHX) has partnered with Air Tractor to develop the AT-802U Sky Warden™, a multi-mission aircraft tailored for intelligence, surveillance, and reconnaissance (ISR) in harsh combat environments. This production-ready aircraft, based on the Air Tractor AT-802, offers the largest payload capacity among single-engine turboprops and integrates L3Harris’ advanced communication and ISR technology. The Sky Warden enhances operational agility, enabling effective threat identification and response, combining the strengths of larger ISR platforms within a compact design.
L3Harris Technologies (NYSE:LHX) reported Q1 2021 revenue of $4.6 billion, down 1.3% year-over-year but up 1.8% organically. GAAP net income surged 140% to $466 million, with EPS rising 127% to $2.25. Adjusted EBIT increased 6.7% to $862 million, expanding the margin by 140 bps to 18.9%. Revenue growth stemmed from government sectors, countering declines in Aviation Systems due to COVID impacts. The company anticipates 2021 revenue between $18.5 billion and $18.9 billion and has implemented a $6 billion share repurchase program.
The Board of Directors of L3Harris Technologies has declared a quarterly cash dividend of $1.02 per share on common stock, payable on June 15, 2021. This dividend will benefit shareholders of record as of the close of business on June 1, 2021. L3Harris Technologies is a global leader in aerospace and defense, with approximately $18 billion in annual revenue and a workforce of 48,000 employees.
L3Harris Technologies (NYSE:LHX) and American Rheinmetall Vehicles have entered a teaming agreement to develop the U.S. Army’s new Optionally Manned Fighting Vehicle (OMFV), aimed at replacing the Bradley Infantry Fighting Vehicle. This collaboration merges L3Harris’ expertise in open system design with American Rheinmetall’s Lynx next-gen vehicle technology, promising a low-risk, easily upgradable OMFV solution. The partnership emphasizes cost-effective upgrades and leverages past experiences in military vehicle development.
NASA has selected L3Harris Technologies (NYSE:LHX) to develop a next-generation weather imager to improve severe storm tracking and climate observations. This initiative is part of NOAA's GEO-XO satellite system, which will replace the existing GOES-R series. The new imager will feature enhanced spectral bands, higher resolution, and improved data algorithms, benefiting government users and scientists. Supported by NASA, the GEO-XO program is set for launch in the early 2030s, with L3Harris leveraging its extensive experience in space-based imaging systems.
L3Harris Technologies (NYSE:LHX) will conduct a conference call on April 30, 2021, at 8:30 a.m. ET to discuss its Q1 2021 financial results. Interested participants can join via dial-in numbers or listen through a webcast on the company’s website, where a supporting slide presentation will also be available. A recording of the call will be accessible on the L3Harris site starting at 12 p.m. ET on the same day. The company generates approximately $18 billion in annual revenue and operates in diverse sectors including aerospace and defense.
L3Harris Technologies (NYSE:LHX) has secured a contract with Lockheed Martin (NYSE:LMT) to develop a new advanced electronic warfare system for the F-16 multirole fighter aircraft. This system, named Viper Shield™, offers enhanced protection against evolving radar and electronic threats. Integrated into the aircraft fuselage, it enables greater operational flexibility and seamless compatibility with the F-16's weapon systems. L3Harris boasts over 60 years of experience in delivering effective electronic warfare solutions.
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L3Harris Technologies has been awarded a contract by the U.S. Defense Advanced Research Projects Agency (DARPA) for the design of an autonomous surface ship under the No Manning Required Ship (NOMARS) program. This initiative aims to demonstrate the feasibility and reliability of unmanned vessels for extended missions. The design will streamline construction, logistics, and maintenance, and features advanced systems capable of independent decision-making. L3Harris has a strong track record in unmanned vehicles, delivering over 125 systems globally.