The Latest Breaking News from LHX

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…

Eve UAM, LLC , an Embraer SA (NYSE:ERJ) company, signed a Letter of Intent with Global Crossing Airlines Group, Inc. (OTC:JETMF) for order of up to 200 of Eve's electric vertical take-off and landing aircraft (eVTOL). This potential sale is included in Eve's current order backlog of up to 1,785 eVTOLs. Delivers are expected to start…

L3Harris Technologies (NYSE:LHX) has outperformed the market over the past 5 years by 5.41% on an annualized basis.

Over the past 3 months, 7 analysts have published their opinion on L3Harris Technologies (NYSE:LHX) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

Within the last quarter, L3Harris Technologies (NYSE:LHX) has observed the following analyst ratings:

Geopolitical tensions have escalated over the past few months over the potential Russian invasion of Ukraine and the long-standing U.S.-China conflict over Taiwan’s independence. The current geopolitical situation should bode well for prominent aerospace and defense names Raytheon Technologies (RTX), Lockheed Martin (LMT), and L3Harris (LHX) because of the potential…

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…

L3Harris Technologies Inc (NYSE:LHX) has secured a competitive 10-year, $750 million single-award IDIQ contract from the U.S. Marine Corps for multi-channel handheld and vehicular radio systems. The L3Harris Falcon IV family of manpack and handheld radios selected by the USMC have been broadly adopted by the U.S. Army, U.S. Special Operations Command, U.S.…

L3Harris Technologies Inc (NYSE:LHX) has named Michelle Turner as Senior Vice President and Chief Financial Officer, effective immediately. Turner succeeds Jay Malave, who has chosen to pursue career opportunities outside of L3Harris. Turner joins L3Harris from Johnson & Johnson (NYSE:JNJ), where she led finance for the enterprise supply chain function, developing strategies to drive financial…