Articles from L3Harris Technologies

The L3Harris Technologies (NYSELHX) all-digital electronic warfare (EW) suite, Viper Shield™, has completed its first flight in a single-seat Block 70 F-16 operated by the 412th Test Wing at Edwards Air Force Base, California.

L3Harris Technologies (NYSELHX) reported fourth quarter 2024 diluted EPS of $2.37 on fourth quarter 2024 revenue of $5.5 billion. Fourth quarter 2024 non-GAAP diluted EPS was $3.47. Fourth quarter results reflect growth in the business and continued operational efficiencies driving margin improvement. Reconciliations of non-GAAP results are detailed in tables beginning on page 13.

The U.S. Army has awarded L3Harris Technologies (NYSELHX) full-rate Manpack and Leader radio production orders under the Handheld, Manpack & Small Form Fit (HMS) program totaling nearly $300 million.

L3Harris Technologies (NYSELHX) has received a $263 million order from the U.S. Army for continued production of the Enhanced Night Vision Goggle – Binocular (ENVG-B). This is the second order under the full-scale production Indefinite Delivery, Indefinite Quantity program, following a similar award earlier this year.

L3Harris Technologies (NYSELHX) today announced Ken Bedingfield, 52, has been appointed President, Aerojet Rocketdyne, effective Feb. 3, 2025, in addition to his responsibilities as L3Harris’ Chief Financial Officer. He succeeds Ross Niebergall, who will remain with the company to support a seamless transition before retiring.

L3Harris Technologies (NYSELHX) Co-founder, Chair and CEO Christopher E. Kubasik penned an open letter today to the leaders of the Department of Government Efficiency (DOGE) with recommendations to modernize America’s national defense ecosystem.

L3Harris Technologies (NYSELHX) will release its fourth quarter 2024 financial results before market opens on Thursday, Jan. 30, 2025.

L3Harris Technologies (NYSELHX) has completed the sale of its specialized materials business, Aerojet Ordnance Tennessee, Inc. (A.O.T.), to BWX Technologies, Inc. NYSE: BWXTNYSEBWXT)

L3Harris Technologies (NYSELHX) has received an indefinite delivery, indefinite quantity award from the U.S. Navy, worth up to $999 million, to provide U.S. and coalition forces with resilient communications technology.

L3Harris Technologies (NYSELHX) has completed Safety of Flight (SOF) qualification on its Viper Shield™ all-digital electronic warfare (EW) suite for F-16 fighter jets. The company will provide the advanced capability to F-16 fleets for six international partners.

L3Harris Technologies (NYSELHX) Chair and CEO Christopher E. Kubasik and Chief Financial Officer Ken Bedingfield will present at Baird’s Global Industrial Conference at 10:50 a.m. ET on Tuesday, Nov. 12, in Chicago. The presentation will stream live on the L3Harris website with a recording available following the event.

L3Harris Technologies (NYSELHX) reported third quarter 2024 diluted EPS of $2.10, an increase of 4% from third quarter 2023, on third quarter 2024 revenue of $5.3 billion, an increase of 8%. Third quarter 2024 non-GAAP diluted EPS was $3.34, a 5% increase from third quarter 2023. A reconciliation of non-GAAP results are detailed in tables beginning on page 11.

L3Harris Technologies (NYSELHX) and Palantir Technologies Inc. NYSE: PLTRNYSEPLTR)

The Board of Directors of L3Harris Technologies (NYSELHX) has declared a quarterly cash dividend of $1.16 per common share, payable Dec. 6, 2024, to shareholders of record as of the close of business Nov. 18, 2024.

L3Harris Technologies (NYSELHX) today announced that David S. Regnery, Chair and Chief Executive Officer of Trane Technologies plc, has been appointed to its Board of Directors.

L3Harris Technologies (NYSELHX) debuted its new autonomous reconnaissance and security vehicle system, Diamondback™, at the Association of the United States Army’s annual meeting this week.

L3Harris Technologies (NYSELHX) will release its third quarter 2024 financial results on Thursday, Oct. 24, 2024, after market close.

L3Harris Technologies (NYSELHX) has met a key spectrum dominance milestone by initiating production of its Viper Shield™ all-digital electronic warfare (EW) suite for F-16 fighter jets. The company will be providing the advanced capability to F-16 fleets in six countries.

L3Harris Technologies (NYSELHX) has received a five-year contract, worth up to $587.4 million, to deliver custom tactical jamming pods designed to modernize the U.S. Navy’s Aerial Electronic Attack capability.

L3Harris Technologies (NYSELHX) Chair and CEO Christopher E. Kubasik and Chief Financial Officer Ken Bedingfield will present at the Jefferies 2024 Industrials Conference at 8:40 a.m. ET on Thursday, Sept. 5, in New York City. The presentation will stream live on the L3Harris website with a recording available following the event.

L3Harris Technologies (NYSELHX) has announced new sustainability goals that further demonstrate its commitment to environmental stewardship. By 2030, L3Harris plans to reduce greenhouse gas emissions by 60%, water use by 20%, and solid waste by 10%. In addition, L3Harris is committing to sourcing 40% of its total electricity from renewable sources.

L3Harris Technologies (NYSELHX) has marked the one-year anniversary of its acquisition of power and propulsion provider Aerojet Rocketdyne with significant performance progress.

L3Harris Technologies (NYSELHX) reported second quarter 2024 diluted EPS of $1.92, on second quarter revenue of $5.3 billion. Second quarter 2024 non-GAAP diluted EPS1 was $3.24, as compared to non-GAAP diluted EPS1 of $2.97 for the second quarter of 2023, a 9% increase. A reconciliation of non-GAAP results are detailed in tables beginning on page 11.

The Board of Directors of L3Harris Technologies (NYSELHX) has declared a quarterly cash dividend of $1.16 per common share, payable Sept. 20, 2024, to shareholders of record as of the close of business on Sept. 6, 2024.

L3Harris Technologies (NYSELHX) will release its second quarter 2024 financial results on Thursday, July 25, 2024, after market close.

L3Harris Technologies (NYSELHX) announced a strategic collaboration with Accenture NYSE:ACNNYSEACN)

Aerojet Rocketdyne, an L3Harris Technologies (NYSELHX) company, recently completed its 1,000th delivery of both the solid rocket boost motor and Liquid Divert and Attitude Control System (LDACS) for the Missile Defense Agency’s (MDA) Terminal High Altitude Area Defense (THAAD) system. The ahead-of-schedule delivery to Lockheed Martin demonstrates Aerojet Rocketdyne’s long-standing ability to provide trusted propulsion and precision systems for one of the nation’s primary defensive weapons against short, medium and intermediate-range missiles.

L3Harris Technologies (NYSELHX) has completed its sale of the company’s antenna and related businesses to an affiliate of Kanders & Company, Inc. for $200 million.

L3Harris Technologies (NYSELHX) Chair and CEO Christopher E. Kubasik will present at the Bernstein Annual Strategic Decisions Conference at 10 a.m. ET on Thursday, May 30, 2024.

Aerojet Rocketdyne, an L3Harris Technologies (NYSELHX) company, will be the propulsion provider for the Missile Defense Agency's (MDA) Next Generation Interceptor (NGI) as part of the Lockheed Martin team. On April 15, MDA announced it selected Lockheed Martin for NGI, the nation's first line of defense against long-range ballistic missile threats from rogue nations.

L3Harris Technologies, Inc. (NYSELHX) reported first quarter 2024 net income attributable to L3Harris of $283 million, or diluted earnings per share (EPS) of $1.48, on first quarter revenue of $5.2 billion. First quarter 2024 non-GAAP1 net income attributable to L3Harris was $584 million, or non-GAAP1 diluted EPS of $3.06. A reconciliation of non-GAAP results are detailed in tables beginning on page 10.

L3Harris Technologies (NYSELHX) received a $256 million order from the U.S. Army for continued production of the Enhanced Night Vision Goggle – Binocular (ENVG-B). This is the first order for the ENVG-B’s Program of Record full-scale production IDIQ, which will total nearly $1 billion over 10 years.

L3Harris Technologies (NYSELHX) has signed a definitive agreement under which an affiliate of Kanders & Company, Inc. will acquire its antenna and related businesses for $200 million. The transaction is expected to close this quarter and is subject to customary closing conditions and regulatory approvals.

L3Harris Technologies (NYSELHX) will release first quarter 2024 financial results on Thursday, April 25, 2024, after market close. The company’s results will be published in an earnings release and made available at L3Harris.com. The company will host a call on Friday, April 26, 2024, at 8:30 a.m. ET.

The Board of Directors of L3Harris Technologies (NYSELHX) approved an increase in the company’s per share quarterly cash dividend rate from $1.14 to $1.16 commencing with the dividend for the first quarter of the year, payable March 22, 2024, to shareholders of record as of the close of business on March 8, 2024. The dividend corresponds to an increase in the annualized rate from $4.56 to $4.64.

Five missile tracking satellites L3Harris Technologies (NYSELHX) designed and built successfully launched from Cape Canaveral Space Force Station, Florida, as part of the Missile Defense Agency’s (MDA) Hypersonic and Ballistic Tracking Space Sensor (HBTSS) program and the Space Development Agency’s (SDA) Tranche 0 (T0) Tracking Layer program.

L3Harris Technologies (NYSELHX) Chair and CEO Christopher E. Kubasik and Chief Financial Officer Ken Bedingfield will attend Citi’s Global Industrial Tech and Mobility Conference on Feb. 20 in Miami. Kubasik and Bedingfield are also scheduled to present at the Barclays Industrial Select Conference at 8:30 a.m. ET, Feb. 21, also in Miami. The Barclays presentation will stream live on the L3Harris website with a recording available following the event.

L3Harris Technologies, Inc. (NYSELHX) reported fourth quarter and full-year 2023 results, and initiated 2024 financial guidance.

L3Harris Technologies (NYSELHX) received a contract with a potential value of up to $919 million to design and build 18 infrared space vehicles for the Space Development Agency’s (SDA) Tranche 2 (T2) Tracking Layer program that will provide near-global missile warning and tracking coverage.

L3Harris Technologies (NYSELHX) will release financial results for its fourth quarter on Thursday, Jan. 25, 2024, after market close. The company’s results will be published in an Investor Letter and made available at L3Harris.com. The company will host a call on Friday, Jan. 26, 2024, at 8:30 a.m. ET.

L3Harris Technologies (NYSELHX) today hosted its 2023 Investor Day at which it provided an in depth review of the company’s financial objectives and value creation strategy.

L3Harris Technologies (NYSELHX) will host its Investor Day today in person and via webcast from 9 a.m. to 12:30 p.m. ET at the company’s Florida headquarters. Instructions for streaming the event live can be found at Investorday.L3Harris.com.

L3Harris Technologies (“L3Harris”) (NYSELHX) today announced that its Board of Directors has appointed Kirk S. Hachigian, former Chair and CEO of JELD-WEN Holding, Inc. and Cooper Industries plc., and William H. (“Bill”) Swanson, retired Chair and CEO of Raytheon Company, to its Board effective immediately. In addition, the Board intends to appoint an additional independent director in 2024.

L3Harris Technologies (NYSELHX) today announced that it has appointed Kenneth “Ken” L. Bedingfield as Senior Vice President and Chief Financial Officer (CFO), reporting to Chair and Chief Executive Officer Christopher E. Kubasik, effective Dec. 11, 2023, succeeding Michelle Turner.

L3Harris Technologies (NYSELHX) today announced the signing of a definitive agreement under which an affiliate of TJC L.P. will acquire L3Harris’ Commercial Aviation Solutions (CAS) business for $800 million. The acquisition includes a $700 million cash purchase price and $100 million earnout based on the achievement of certain 2023 and 2024 financial performance targets, which together represent an approximate 15x LTM 9/30 EBITDA purchase multiple. The transaction is expected to close in the first half of 2024 and is subject to customary closing conditions and regulatory approvals.

L3Harris Technologies (NYSELHX) announced its third quarter fiscal year 2023 results in an Investor Letter posted to the Investor Relations section of the company’s website.

The Board of Directors of L3Harris Technologies (NYSELHX) declared a quarterly cash dividend of $1.14 per common share, payable Dec. 1, 2023, to shareholders of record as of the close of business on Nov. 17, 2023.

L3Harris Technologies (NYSELHX) will release financial results for its third quarter on Thursday, Oct. 26, 2023, after market close. The company’s results will be published in an Investor Letter and made available at L3Harris.com.

L3Harris Technologies (NYSELHX) will host an Investor Day on Dec. 12, 2023, at the company’s Florida headquarters and will also stream the event online.

L3Harris Technologies (NYSELHX) Chair and CEO Christopher E. Kubasik and Chief Financial Officer Michelle Turner will present at the Jefferies 2023 Industrials Conference at 8:30 a.m. ET, Sept. 7, 2023, in New York, NY. The presentation will stream live on the L3Harris website with a recording available following the event.

L3Harris Technologies (NYSELHX) is the recipient of two prestigious U.S. Department of Defense (DoD) awards for excellence in security and counterintelligence.

L3Harris Technologies (NYSELHX) has completed its acquisition of Aerojet Rocketdyne, forming a fourth business segment at the company.

L3Harris Technologies (NYSELHX) announced its second quarter fiscal year 2023 results in an Investor Letter posted to the Investor Relations section of the company’s website.

The Board of Directors of L3Harris Technologies (NYSELHX) declared a quarterly cash dividend of $1.14 per common share, payable Sept. 19, 2023, to shareholders of record as of the close of business on Sept. 5, 2023.

L3Harris Technologies (NYSELHX) will release financial results for its second quarter 2023 on Wednesday, July 26, 2023 after market close. The company’s results will be published in an Investor Letter and made available at L3Harris.com.

L3Harris Technologies (NYSELHX) will participate in the Wells Fargo Industrials Conference at 8:45 a.m. CDT on June 13, 2023. Michelle Turner, Chief Financial Officer, and Ed Zoiss, President, Space & Airborne Systems, will present at the event.

L3Harris Technologies (NYSELHX) Chair and Chief Executive Officer Christopher E. Kubasik and Chief Financial Officer Michelle Turner will present at the Bernstein Annual Strategic Decisions Conference at 8:00 a.m. ET, June 1, 2023.

L3Harris Technologies (NYSELHX) announced orders totaling $160 million from the Marine Corps for multi-channel handheld and vehicular radio systems, bringing total program orders to $336 million.

L3Harris Technologies (NYSELHX) received a U.S. Air Force contract award to develop a Common Tactical Edge Network (CTEN) providing an aerial military Internet of Things to support the Advanced Battle Management System and Joint All-Domain Command and Control (JADC2) initiatives.

L3Harris Technologies (NYSELHX) today announced its first quarter fiscal year 2023 results in an Investor Letter posted to the Investor Relations section of the company’s website.

The Board of Directors of L3Harris Technologies (NYSELHX) declared a quarterly cash dividend of $1.14 per common share, payable June 16, 2023, to shareholders of record as of the close of business on June 2, 2023.

L3Harris Technologies (NYSELHX) announced the award of option year four of the Maintenance Of Space Situational Awareness Integrated Capabilities (MOSSAIC) program. The $145 million contract from the U.S. Space Force continues the modernization and sustainment of critical space infrastructure enabling the Space Force core competency of Space Domain Awareness (SDA).

L3Harris Technologies (NYSELHX) received a contract to provide next-generation geostationary imaging and sounding instruments for the Japan Meteorological Agency (JMA) that will monitor and predict severe weather events more accurately. The award continues L3Harris' legacy of producing critical space-based weather instruments for Japan.

L3Harris Technologies (NYSELHX) has completed the sale of its Visual Information Solutions (VIS) business to NV5 Global Inc. NASDAQ: NVEENASDAQNVEE)

L3Harris Technologies (NYSELHX) will release financial results for its first quarter of fiscal year 2023 on Thursday, April 27, 2023. The company’s first quarter results will be published in an Investor Letter, which will be issued at approximately 4:30 p.m. Eastern Time (ET) and made available at L3Harris.com.

L3Harris Technologies (NYSELHX) announced today a Cooperative Research and Development Agreement (CRADA) with the U.S. Army’s Combat Capabilities Development Command (DEVCOM) Ground Vehicle Systems Center (GVSC) to collaborate on the implementation of the Army’s Modular Open Systems Approach (MOSA) for its ground combat vehicles.

Today Aerojet Rocketdyne (NYSEAJRD) shareholders overwhelmingly approved all necessary proposals to complete L3Harris Technologies’ NYSE: LHXNYSELHX)

L3Harris Technologies (NYSELHX) received a request for additional information (“second request”) from the Federal Trade Commission (FTC) as part of the regulatory review process for the acquisition of Aerojet Rocketdyne NYSE: AJRDNYSEAJRD)

L3Harris Technologies (NYSELHX) announced today a $765 million contract from NASA to design and build the next-generation, high-resolution imager for NOAA’s Geostationary Extended Observations satellite system.

L3Harris Technologies (NYSELHX) has surpassed its goal to reduce greenhouse gas emissions by 30% – three years ahead of schedule.

L3Harris Technologies (NYSELHX) today announced a contract from Maxar Technologies to design and build reflector antennas for two geostationary communication satellites.

L3Harris Technologies (NYSELHX) today announced receiving an undefinitized contract from Lockheed Martin to procure long-lead material for the Viper Shield electronic warfare system to accelerate global product delivery.

L3Harris Technologies (NYSELHX) today announced that retired Air Force General Edward A. Rice, Jr., former commander of the U.S. Air Force Air Education and Training Command, has been elected to its Board of Directors.

The Board of Directors of L3Harris Technologies (NYSELHX) approved an increase in the company’s per share quarterly cash dividend rate from $1.12 to $1.14, commencing with the dividend for the first quarter of 2023, payable March 24, 2023 to shareholders of record on the close of business on March 10, 2023.

L3Harris Technologies (NYSELHX) Chair and CEO, Chris Kubasik, and Chief Financial Officer, Michelle Turner, will present at the Barclays Industrial Select Conference at 8:00 a.m. EST, February 23, 2023.