L3Harris Technologies (LHX) continues to secure investors' interest as illustrated by several firms including Harel Insurance Investments, Private Capital Advisors, Trust Co. of Oklahoma, and others increasing their stakes. Key leadership changes occurred such as the CFO being appointed helm at
Aerojet Rocketdyne along with board member retirement announcements. The company receives robust institutional backing, with 86% of shares held by institutional owners. The company secured a
$263M U.S. Army Contract for advanced night vision goggles. Despite concerns over a decline in defense spending pressuring the stock, LHX's earnings are expected to grow. However, there has been critique over the recent performance being underpinned by weak financials. Risks also loom with insiders selling stocks possibly signaling caution. Nevertheless, it remains a favored stock with analysts despite pessimistic forecasts and aforementioned concerns. LHX succeeded in a significant business deal, completing the sale of its
Specialized Materials Business to BWXT for $100M. Moreover, they scored another victory securing a
$1 Billion contract from the U.S. Navy pointing towards a strategic focus on defense technology.
L3harris Technologies LHX News Analytics from Sat, 27 Jul 2024 07:00:00 GMT to Sat, 25 Jan 2025 11:01:50 GMT -
Rating 5
- Innovation 4
- Information 6
- Rumor 1
