L3Harris Technologies (LHX) has exhibited notable movements recently, contributing significantly towards the defense and aerospace sector. The organization secured impressive contracts, including a $1 billion contract from the U.S. Navy and a $487 million contract from the U.S. Army. Other accomplishments were a $175b Golden Dome System project and securing a US$214 Million contract with the German military. Furthermore, LHX has taken significant steps by selling its Specialized Materials Business to BWXT for approximately $100 Million and completed a hefty $800M divestiture of the Commercial Aviation Solutions Business to TJC. The company has shown a steady income flow with a $1.20 dividend. Important stock movements include ARK investment in LHX and the Citigroup Analyst price target boost to $280. However, a forecast cut for 2025 was signalled due to a divestiture in their aviation business. Moreover, despite some sluggish performances comparatively with other players in the Industrials sector, their Q1 2025 earnings missed targets, which resulted in a lowering guidance amid mixed Q1 results.
L3harris Technologies LHX News Analytics from Mon, 28 Oct 2024 07:00:00 GMT to Wed, 25 Jun 2025 18:58:00 GMT -
Rating 8
- Innovation 6
- Information 9
- Rumor 7
