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The Trump administration is planning an executive order that would limit dividends, buybacks and executive pay for defense contractors that are over-budget and delayed, according to three sources briefed on the order.
L3Harris Technologies (LHX) remains a Buy, with a new 12% upside target to $325 driven by robust Q3 results and upgraded forecasts. Geopolitical tensions and rising global defense budgets underpin strong order growth, a $36B backlog, and continued margin expansion across LHX's segments. Operational improvements via the LHX NeXt program and disciplined capital allocation support sustained margin...
ARLINGTON, Va.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) hosted U.S. government officials for a first-of-its-kind demonstration of software-defined capabilities that enable separate federal agencies to communicate instantly across domains. The full-scale, end-to-end demonstration united tactical communications devices, counter-UAS capabilities, advanced imaging technologies and mobile...
MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) has been awarded a follow-on production contract valued up to $200 million to manufacture Guided Multiple Launch Rocket System (GMLRS) Insensitive Munition (IM) propulsion units. The GMLRS IM contract will be the first order processed through L3Harris' newly constructed facility in Camden, Arkansas, which was funded through the...
Defense supplier L3Harris Technologies said on Tuesday it will invest $400 million in a new solid rocket motor production campus in Arkansas, marking one of the largest such expansions in the U.S. in decades.
CAMDEN, Ark.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) and Arkansas Gov. Sarah Huckabee Sanders joined state and local leaders today to break ground on the Arkansas Advanced Propulsion Facilities (AAPF), an extensive solid rocket motor (SRM) production campus. The campus will include more than 20 buildings across 110 acres at the company's Camden site and is expected to increase large...
MELBOURNE, Fla. & ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) and EDGE Group have signed a memorandum of understanding (MOU) to further their collaboration in the UAE. This preliminary agreement serves as a strategic platform for developing innovative solutions that contribute to the UAE's growing defense capabilities and expands L3Harris' operational inv...
Joby Aviation completed a test flight of its hybrid defense aircraft in partnership with L3Harris , three months after the companies announced the project. The milestone showcases Joby's ability to quicky move from "concept to demonstration" to meet growing military needs, Chairman Paul Sciarra told CNBC.
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