The Latest Breaking News from L3Harris

The market for nuclear weapons is growing as Russia escalates its war with Ukraine and tensions rise between China, Taiwan and the U.S.

Ron Wyden says White House right to raise concerns about possible deal for defence contractor L3Harris to acquire surveillance technology

L3Harris Technologies Inc (NYSE:LHX) has secured $117 million for option-year three of a U.S. Space Force and U.S. Space Command contract to maintain and modernize infrastructure to track objects in space. The Maintenance Of Space Situational Awareness Integrated Capabilities (MOSSAIC) program has an estimated contract value of $1.2 billion over 10 years. L3Harris…

L3Harris Technologies Inc (NYSE:LHX) and venture capital firm Shield Capital have established a strategic partnership to accelerate defense, commercial technology solutions. In partnership with Shield, L3Harris will quickly identify, fund, and then guide technology development and solutions that will solve urgent national security needs. The agreement provides L3Harris access to disruptive innovators for…

Over the last week, the United States and its NATO allies supplied Ukraine with 17,000 anti-tank missiles in the wake of the Russian invasion.

L3Harris shows rising price performance, earning an upgrade to its IBD Relative Strength Rating from 80 to 87.

Wells Fargo analyst Matthew Akers lowered L3Harris Technologies Inc's (NYSE:LHX) price target to $240 (an upside of 15%) from $254 and maintained an Overweight rating on the shares.  Akers notes the stock trades at a discount to its defense peers despite his belief that it is a portfolio well-matched to Department of Defense spending priorities…

Lockheed Martin Corp (NYSE:LMT) has appointed Jesus "Jay" Malave as the company's next chief financial officer, effective immediately. John Mollard, who served as acting CFO on an interim basis, will continue as vice president and treasurer. Malave most recently held the positions of senior vice president and CFO for L3Harris Technologies Inc (NYSE:LHX). Before that,…

L3Harris Technologies Inc (NYSE:LHX) reported a fourth-quarter FY21 revenue decline of 7% year-over-year to $4.35 billion and decreased 1% on an organic basis. The revenue decline was attributable to divestitures within Aviation Systems and supply chain-related constraints within Communication Systems. Integrated Mission Systems revenue was $1.56 billion (+6% Y/Y) and an operating margin…