L3Harris Technologies (LHX) has been in the limelight recently due to its dividend increase to $1.20, quarterly revenue growth, and collaboration with notorious Defense startup Shield AI. The company's five-year underlying earnings are promising despite shareholders being in red. L3Harris Technologies has reported their 2024 results initiating future guidance for 2025. In an effort to advance autonomous technology, Shield AI and L3Harris have partnered. The latter also gets Brownie points for handling its debt responsibly. Nevertheless, L3Harris has reported dwindling earnings and shareholder returns over the past three years, offset by recent stock price increase. The company has also taken the plunge into the world of AI, with partnerships aiming to revolutionize modern electronic warfare. Despite concerns over a decline in defense spending, analysts are still bullish on L3Harris Technologies. With 86% of the company's shares held by institutional owners, LHX's backing is strong. The company has reported strong quarterly results and focuses on strategic defense technology advancements. They have a partnership with Palantir and have forecasted positive annual sales based on strong defense demand.
L3harris Technologies LHX News Analytics from Tue, 27 Aug 2024 07:00:00 GMT to Sat, 08 Mar 2025 13:00:19 GMT -
Rating 7
- Innovation 8
- Information 9
- Rumor -3
