Over the past few years,
L3Harris Technologies (LHX) has experienced significant changes. Since three years ago, investors have encountered a
13% loss. However, this didn't deter L3Harris from finalizing the
sale of its Commercial Aviation Solutions business to TJC for
$800 million. The defense industry giant also confirmed its Q1 2025 earnings release date and won a billion Euro contract to
modernize Dutch military communications. In light of these events, L3Harris still had its share price questioned due to its weak financials. The company made a strategic change by selling an Aviation Unit, revealing the
eSR-19 Rocket Motor and partnering with Shield AI to further electronic warfare. These actions have contributed to the aerospace company culminating in a
Dividend Hike of 3.4%. Declining performance and concerns over defence spending have pressured L3Harris' stock causing a downturn in its performance. The company however saw successful US missile defense testing with new advanced large solid rocket motors, and other significant contributions from partnerships with Dutch MoD, Shield AI, and others. In spite of unfolding circumstances, L3Harris proved its strength by increasing 2025 guidance after reporting strong third-quarter 2024 results.
L3harris Technologies LHX News Analytics from Tue, 27 Aug 2024 07:00:00 GMT to Fri, 04 Apr 2025 16:08:00 GMT -
Rating -3
- Innovation 6
- Information 4
- Rumor -4
