L3Harris Technologies Inc (N:LHX)

Business Focus: Aerospace & Defense

Sep 15, 2019 02:00 am ET
L3Harris Technologies Completes Sale of Harris Night Vision Business to Elbit Systems of America
L3Harris Technologies (NYSE:LHX) today completed the previously announced sale of the Harris Night Vision business to Elbit Systems of America, LLC (ESA) for $350 million in cash. Proceeds from the transaction will be used to pre-fund the L3Harris pension.
Sep 10, 2019 04:30 am ET
L3Harris Technologies Introduces New Medium-Sized Robotic System for Security Operations in Urban and Space-Constrained Environments
L3Harris Technologies (NYSE:LHX) has introduced a new medium-sized robot ideal for security operations in urban and space-constrained environments – such as hazardous material (HAZMAT) cleanup, explosive ordnance disposal (EOD) and special weapons and tactics (SWAT) missions. The company is conducting hands-on demonstrations of the prototype robot at its stand, #S-7 310, during DSEI 2019, September 10-13 in London.
Aug 21, 2019 12:00 pm ET
L3Harris Technologies Delivers Eighth GPS III Navigation Payload
As the U.S. Air Force prepares to launch its second next-generation GPS III satellite, L3Harris Technologies (NYSE:LHX) delivered its eighth navigation payload to GPS III satellite prime contractor Lockheed Martin (NYSE:LMT).
Aug 20, 2019 02:15 pm ET
L3Harris Technologies Declares Quarterly Dividend
The Board of Directors of L3Harris Technologies, Inc. (NYSE:LHX) has declared a quarterly cash dividend of 75 cents per share on the common stock, payable September 18, 2019, to shareholders of record as of the close of business on September 4, 2019.
Jul 31, 2019 06:30 am ET
L3Harris Reports Strong Harris Standalone Fourth Quarter and Fiscal 2019 Results...Initiates L3Harris Calendar Year 2019 Guidance
L3Harris Technologies, Inc. (NYSE:LHX) reported fiscal 2019 fourth quarter and full-year results for Harris Corporation on a standalone basis, as the merger with L3 Technologies, Inc. was completed on June 29, 2019. Fiscal 2019 fourth quarter revenue was $1.9 billion, up 12% compared with the prior year. GAAP earnings per diluted share from continuing operations (EPS) increased 28% to $2.21, and non-GAAP EPS1 increased 39% to $2.44. Net income increased 26% to $268 million, and adjusted earnings before interest and taxes (EBIT1) increased 17% to $377 million with margin e
Jul 30, 2019 08:55 am ET
UK Ministry of Defence Exercises Option to Purchase T7 Explosive Ordnance Disposal Robots from L3Harris Technologies
The United Kingdom’s Ministry of Defence (MOD) has exercised a $46 million (£36 million) contract option with L3Harris Technologies (NYSE:LHX) to provide T7™ robotic systems to support domestic explosive ordnance disposal (EOD) missions. This award is an option to the $70 million (£55 million) contra
Jul 10, 2019 12:31 pm ET
HRH The Prince of Wales Officially Opens L3Harris Technologies’ New $100 Million Pilot Training Center
His Royal Highness The Prince of Wales, accompanied by the U.K. Aviation Minister and leading figures from the U.K. aviation industry, today officially marked the opening of L3Harris Technologies’ (NYSE:LHX) new $100 million London Training Center for commercial airline pilots.
Jul 09, 2019 01:28 pm ET
L3Harris Technologies to Announce Fourth Quarter Results on Wednesday, July 31, 2019
L3Harris Technologies (NYSE:LHX) will host a conference call on Wednesday, July 31, 2019, at 8:30 a.m. Eastern Time (ET) to discuss its fourth quarter fiscal year 2019 financial results. The company will issue a press release reporting its fourth quarter results prior to the conference call start time.
Jul 03, 2019 10:57 am ET
US Air Force Selects L3Harris Technologies to Develop Airborne HF Replacement Radio for AN/ARC-190
L3Harris Technologies (NYSE:LHX) has been awarded a development prototype contract from the U.S. Air Force for the L3Harris Falcon® Wideband Airborne HF Radio and will now be part of a down-select competition to replace the service’s AN/ARC-190 airborne HF radio.
Jul 01, 2019 05:45 pm ET
L3Harris Technologies, Inc. Announces Final Results of Exchange Offers and Consent Solicitations
L3Harris Technologies, Inc. (NYSE:LHX) (“L3Harris”) (f/k/a Harris Corporation) today announced the final results of the previously announced offers to exchange (the “Exchange Offers”) any and all outstanding notes issued by L3 Technologies, Inc. (“L3”) as set forth in the table below (the “Existing L3 Notes”) for (1) up to $3,350,000,000 aggregate principal amount of new notes issued by L3Harris (the “New L3Harris Notes”) and (2) cash, and related consent solicitations (the “Consent Solicitations”) to adopt certain amendments to each of the indentures governing the Existing L3 Notes.
Jul 01, 2019 06:04 am ET
L3Harris Technologies Announces 10% Quarterly Dividend Increase and $4 Billion Share Repurchase Authorization
The Board of Directors of L3Harris Technologies, Inc. (NYSE:LHX) has approved a 10% increase in the company’s per share quarterly cash dividend rate from 68.5 cents to 75 cents, corresponding to an increase in the annualized rate from $2.74 to $3.00. This represents an increase of 15% for legacy L3 shareholders. The increase is effective third quarter calendar year 2019, and the company expects to further review its annual cash dividend rate in the first quarter of calendar year 2020, as it transitions to calendar year financial reporting.
Jul 01, 2019 06:02 am ET
L3Harris Technologies Names Jay Malave Senior Vice President and Chief Financial Officer
L3Harris Technologies (NYSE:LHX) has named Jesus “Jay” Malave, Jr. Senior Vice President and Chief Financial Officer, reporting to L3Harris Chairman and Chief Executive Officer William M. Brown, effective June 29, 2019. Malave was elected CFO of the new L3Harris following the close of the
Jul 01, 2019 06:00 am ET
L3Harris Technologies Merger Successfully Completed; Board of Directors, Leadership and Organization Structure Announced
L3Harris Technologies (NYSE:LHX) today announced the successful completion of the all-stock merger between Harris Corporation and L3 Technologies on June 29, 2019. Headquartered in Melbourne, Florida, L3Harris is the sixth largest defense company in the U.S., and a top 10 defense company worldwide – with approximately $17 billion in revenue and 50,00