L3Harris Technologies (LHX) has seen some significant developments. The overall rating of the stock has been upgraded to 82. However, insiders sold US$8.9m worth of stock, indicating potential caution within the firm. L3Harris has launched a next-gen defense manufacturing initiative involving five automated rocket motor plants in Virginia. In legal news, it settled a $62M allegation case, and later, agreed to pay $62M to settle allegations of failing to disclose accurate pricing to the U.S. government. The company achieved an important contractual deal, being tapped for the $175B Golden Dome System. L3Harris successfully secured a $214M military communication contract from Germany. Positive analyses have predicted that L3Harris is set to outperform the market leveraging financial growth and competitive advantage. Dividends have been increased to $1.20 and a rocket motor production expansion has been reported. Specific analysts indicate that L3Harris could be one of the best large-cap defense stocks, drone stocks or space exploration stocks to invest in. L3Harris completed the sale of their commercial aviation solutions business to TJC for $800M and has secured significant orders, including one almost $300M order for a resilient communications program from the US Army.
L3harris Technologies LHX News Analytics from Mon, 28 Oct 2024 07:00:00 GMT to Fri, 23 May 2025 20:05:00 GMT -
Rating 3
- Innovation 5
- Information 7
- Rumor 4
