L3Harris Technologies (LHX) made numerous strides, such as debuting its
eSR-19 Rocket Motor in a Missile Defense Test and reporting their strong Q4 and full-year results for 2024. Despite some temporary decline, the company's stock is considered attractive based on valuation. It also embarked on a new venture, developing
Hypersonic Defense Rocket which successfully passed a critical military test. The institutional backing remains robust with 88% of ownership. Moreover, they demonstrated their stability by managing their debt responsibly and giving a dividend hike of 3.4%. Critically, L3Harris displayed its
AI ambitions by partnering with Shield AI to advance AI-powered Electronic Warfare. However, concerns about defense funding led to momentary pressure on the stock. Still, experts like Jim Cramer view the company as solid, and several analysts remain bullish on this Space stock, which emerged as a favoured option among hedge funds. L3Harris continues to gain the attention of institutional owners who now hold 85% of the company. Furthermore, shareholders expressed satisfaction with the quality of L3Harris' earnings and the business posted stronger revenue growth than expected. Lastly,
L3Harris has expanded its leadership roles while making leadership reveals about the future vision.
L3harris Technologies LHX News Analytics from Tue, 17 Sep 2024 07:00:00 GMT to Fri, 28 Mar 2025 10:44:00 GMT -
Rating 5
- Innovation 7
- Information 9
- Rumor -3
