L3Harris Technologies (LHX) is making impactful strides in the aerospace and defense sector. The firm is strengthening its global footprint by securing meaningful contracts, such as a significant $487.3M deal for terminal modernization and another worth $214M from the German military. At the same time, it has promised a healthy dividend payout of $1.20, signaling commitment towards rewarding shareholders. Price targets for LHX have been uplifted, with Bernstein setting it at $273 and Goldman Sachs granting an upgrade. Notably, ARK Investment has acquired shares in LHX, attesting to its investment attractiveness. Also, new technologies for controlling autonomous swarms reflect LHX's innovation capabilities. Concerning financials, Q1 2025 results missed expectations, and LHX lowered guidance following mixed results. However, analysts remain largely bullish due to its resilient business model and steady growth trajectory. Other distinguishing moves include developing a $125M facility to build 48 Space payloads annually, and recent business divestitures to optimize the company's portfolio. The sale of the Specialized Materials Business to BWXT for around $100M, followed by a major aviation deal worth $800M, have specially been noted.
L3harris Technologies LHX News Analytics from Sun, 01 Dec 2024 08:00:00 GMT to Fri, 20 Jun 2025 07:54:31 GMT -
Rating 7
- Innovation 4
- Information 6
- Rumor -2
