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.
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) 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.
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.
L3Harris Technologies has achieved a significant milestone in developing a missile tracking satellite prototype for the Space Development Agency. The completion of the Preliminary Design Review establishes the spacecraft’s design baseline, advancing the project for rapid deployment. With a contract valued at $193 million extending through 2025, this initiative aims to enhance the detection and tracking of ballistic and hypersonic missiles from low earth orbit. Continued investment in satellite solutions demonstrates L3Harris's commitment to meeting evolving defense needs.
L3Harris Technologies (NYSE:LHX) is expanding its campus in location value="LU/us.in.ftwyne"Fort Wayne, Indiana to meet the Department of Defense's increasing demand for advanced satellite technologies. The new facility, set to enhance missile defense satellite programs and weather tracking, brings the campus to 150,000 square feet. This expansion is part of a larger strategy to address evolving threats from adversaries like location value="LC/ru"Russia and location value="LC/cn"China. The company has already secured contracts to support these initiatives.
L3Harris Technologies (NYSE:LHX) has secured a $100 million order from the U.S. Army for the Enhanced Night Vision Goggle – Binocular (ENVG-B), designed to enhance soldier mobility and situational awareness on the battlefield. This order marks the second under the ENVG-B Program of Record (totaling $442 million), with over 6,000 units delivered since 2018. The ENVG-B system promises advanced capabilities for increased target engagement efficiency.
L3Harris Technologies (NYSE:LHX) celebrates a century of supporting the UK's defence and security by signing the Armed Forces Covenant. This covenant demonstrates the company's commitment to veterans and military personnel, providing career development and educational support. L3Harris also pledged £20,000 to org value="ACORN:1738661628"Combat Stress and offers scholarships for pilot training. With 1,500 employees across 14 locations in the UK, L3Harris continues to invest in local capabilities, including $200 million in facilities for tactical radio communications and aviation training.
L3Harris Technologies (NYSE: LHX) has secured a significant 10-year, $85-million contract from the U.S. Air Force to produce up to 170 T7™ robots, which will replace the outdated EOD systems. The contract includes support and maintenance, with first deliveries anticipated in 2022. This award solidifies L3Harris' position as a leading supplier of large explosive ordnance disposal robots, following its successful implementation of a similar project for the UK Ministry of Defence.