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 (LHX) delivers mission-critical solutions for defense and aerospace operations worldwide. This news hub provides investors and industry professionals with authoritative updates on strategic developments, technological advancements, and market positioning.
Track official press releases covering quarterly earnings, government contracts, and product innovations in C4ISR systems and sensor technologies. Our curated news collection simplifies monitoring of LHX's progress in electronic warfare capabilities, space domain awareness, and integrated communications solutions.
Discover updates on key defense programs, partnership announcements, and regulatory filings that shape L3Harris' position in national security infrastructure. Content spans operational achievements across air, land, sea, space, and cyber domains—critical for understanding the company's multi-domain integration strategy.
Bookmark this page for streamlined access to verified LHX developments. Check regularly for updates on technology deployments, R&D milestones, and strategic initiatives that demonstrate the company's commitment to advancing global security solutions.
L3Harris Technologies (NYSE: LHX) has announced its 2030 sustainability goals, reinforcing its commitment to environmental stewardship. By 2030, L3Harris aims to achieve a 60% reduction in greenhouse gas emissions, a 20% reduction in water use, and a 10% reduction in solid waste. Additionally, the company plans to source 40% of its electricity from renewable sources.
Chair and CEO Christopher E. Kubasik stated that these goals support a sustainable future and improve business operations by reducing costs, promoting energy efficiency, enhancing business resilience, and fostering innovation. Previous sustainability goals were met three years early due to strategic investments. The new goals will measure progress against a 2021 baseline. The Board of Directors will oversee these efforts, ensuring continuous improvement through benchmarking, data capture, and compliance with industry standards and regulatory requirements.
Firefly Aerospace has announced a new multi-launch agreement with L3Harris Technologies (NYSE: LHX) for up to 20 launches on Firefly's Alpha rocket. This 5-year agreement, spanning from 2027 to 2031, includes two to four missions per year based on customer needs. It complements an existing agreement for three Alpha missions in 2026.
The Alpha rocket will launch L3Harris spacecraft into low-Earth orbit from Firefly's SLC-2 launch site at the Vandenberg Space Force Base. Alpha can support responsive space needs for both government and commercial customers, delivering satellites up to 1,030 kg directly to preferred orbits.
Firefly is accelerating vehicle production with a facility expansion in Briggs, Texas, featuring new automated technology that significantly reduces production time for Alpha's carbon composite structures.
L3Harris Technologies (NYSE:LHX) has reported significant progress one year after acquiring Aerojet Rocketdyne. The company has increased internal investments in Aerojet Rocketdyne by 40% year-over-year, focusing on expanding and modernizing manufacturing capabilities. L3Harris has also provided over $25 million in funding to sub-tier suppliers and qualified additional suppliers to strengthen the solid rocket motor subcomponent supply chain.
Performance improvements include record-setting months of deliveries for five programs and reducing late deliveries by nearly half. L3Harris propulsion systems have supported key missile defense tests and historic launches. The company has also been selected for hypersonics and critical defense programs like Next Generation Interceptor, while demonstrating advanced solid rocket motors and completing RS-25 rocket engine certification testing for NASA's Artemis campaign.
L3Harris Technologies (NYSE: LHX) reported strong Q2 2024 results and increased its 2024 guidance. Key highlights include:
- Revenue of $5.3 billion, up 13% year-over-year
- Orders of $5.2 billion with a book-to-bill ratio of 1.0x
- Operating margin of 9.0%; adjusted segment operating margin of 15.6%
- Diluted EPS of $1.92; non-GAAP EPS of $3.24, up 9% from Q2 2023
L3Harris raised its 2024 guidance:
- Revenue range increased to $21.0B - $21.3B
- Adjusted segment operating margin guidance increased to 15.2% - 15.4%
- Non-GAAP EPS guidance range raised to $12.85 - $13.15
The company's strong performance reflects its focus on operational excellence and execution, as well as progress towards its 2026 financial framework.
L3Harris Technologies (NYSE:LHX) has announced a quarterly cash dividend of $1.16 per common share. The dividend will be payable on September 20, 2024, to shareholders of record at the close of business on September 6, 2024. This announcement demonstrates L3Harris' commitment to returning value to its shareholders through regular dividend payments.
L3Harris Technologies (NYSE:LHX) has scheduled the release of its second quarter 2024 financial results for Thursday, July 25, 2024, after market close. The company will conduct an earnings call on Friday, July 26, 2024, at 8:30 a.m. ET. The call can be accessed via webcast on L3Harris.com. For telephonic participation, the U.S. dial-in number is 877-407-6184, and for international participants, the number is +1 201-389-0877. A recording of the call will be available on the company's website starting at 12 p.m. ET on July 26, 2024.
CesiumAstro, a leading space communications technology company, announced the closing of a $65 million Series B+ funding round. The round was led by Trousdale Ventures, with participation from the Development Bank of Japan and Quanta Computer, Inc. Other investors included Kleiner Perkins, Lavrock Ventures, L3Harris Technologies (NYSE: LHX), InMotion Ventures, Matter Venture Partners, MESH Ventures, and Assembly Ventures.
The funds will be used to accelerate research and development, expand manufacturing capabilities, support global expansion, and enhance talent acquisition. CesiumAstro aims to leverage this funding to solidify its position within the space and defense industries and to advance its innovative space communications technologies, such as the Vireo multi-beam Ka-band active phased array payload and Skylark SATCOM terminal.
Since its founding in 2017, CesiumAstro has raised $156 million in equity capital. The company’s team of over 200 professionals and its in-house capabilities in rapid prototyping, testing, and manufacturing are pivotal to its success.
L3Harris Technologies (NYSE:LHX) has entered into a strategic collaboration with Accenture (NYSE:ACN) to accelerate its technological transformation under the 'LHX NeXt' initiative. The partnership will focus on building a robust digital core, optimizing operations, and fostering future growth.
Key aspects include leveraging Accenture’s expertise in cloud, infrastructure, and application services to enhance agility and scalability. Some L3Harris IT professionals will transition to Accenture, gaining industry-specific training and new technological skills.
Benefits of the collaboration include improved cost management, enhanced customer service through innovative software and systems, and enriched employee experiences with new enterprise resources and tools.
Aerojet Rocketdyne, part of L3Harris Technologies (NYSE:LHX), has successfully delivered its 1,000th solid rocket boost motor and Liquid Divert and Attitude Control System (LDACS) for the Missile Defense Agency’s Terminal High Altitude Area Defense (THAAD) system ahead of schedule. This milestone underscores the company's reliability in providing propulsion and precision systems. THAAD, a key component of the U.S. Missile Defense System, has a 100% success rate in missile defense tests with 16 successful intercepts. Aerojet Rocketdyne manufactures these components across facilities in Huntsville, Alabama; Camden, Arkansas; and Los Angeles, California.
Kanders & Company has completed its acquisition of certain antenna and test equipment businesses from L3Harris Technologies for $200 million.
The acquired businesses, ATI, Datron, and Randtron, will operate under Kanders' new defense technology platform, Fisica.
Fisica will manufacture antennas and electromagnetic systems for various defense applications, including radar and communications.
Based in San Leandro, with additional operations in Menlo Park and Simi Valley, Fisica aims for growth as a critical partner for defense primes and the U.S. Department of Defense.
Warren B. Kanders will serve as Fisica's Executive Chairman, with Mark Rayner as President and Christopher Prabhu as CFO.
FAQ
What is the current stock price of L3Harris Technologies (LHX)?
What is the market cap of L3Harris Technologies (LHX)?
