LHX Stock Recent News

ABB will develop a high-resolution infrared interferometer system to power L3Harris' next-generation atmospheric sounder The interferometric system onboard the Japan Meteorological Agency's Himawari-10 satellite built by Mitsubishi Electric will map in 3D the temperature and humidity over the Asia-Pacific region With ABB's interferometer technology, the information gained with the new sounder is expected to be more than 100 times richer than what is available today ZURICH, March 27, 2025 (GLOBE NEWSWIRE) -- ABB has been awarded a contract by L3Harris Technologies (NYSE: LHX), a leading US defense company, to develop and build a high-resolution infrared interferometer system to power the next generation of L3Harris hyperspectral infrared (IR) sounder. The system onboard the Himawari-10 satellite built by Mitsubishi Electric in Japan, will map in 3D the earth's atmosphere over the Asia-Pacific region for 10 years.

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) has debuted an advanced large solid rocket motor to power the company's air-launched, Medium Range Ballistic Missile (MRBM) target vehicle. The new L3Harris solid rocket motor, named eSR-19, was part of a recent Missile Defense Agency (MDA) test that powered the target's first and second stages. The test, designated as Flight Test Other-40 or Stellar Banshee, demonstrated detection and tracking of an advanced hypersonic target.

L3Harris Technologies experienced substantial growth in 2024, with revenue rising from $19.4B in 2023 to $21.3B and EPS increasing from $6.44 to $7.87. All segments showed strong performance, with products revenue climbing from $13.7B to $15.1B and services revenue from $5.7B to $6.2B. The company's technological depth, strong financials, and favorable valuation contribute to its robust economic moat and positive future outlook.

After almost 15 years of a low-interest rate environment, which changed drastically after inflation spiraled to 9.1% in 2022, the Federal Reserve was forced to raise rates to 5.25% before dropping them back to the 4.25% level last year.

L3Harris Technologies gets prior buy rating reaffirmed, after price dip below moving average. The firm has a proven model of profitability growth, free cashflow generation to support dividend growth, new contract wins, and a low leverage risk with a strong credit rating. L3H is among the top 10 of defense/aerospace firms, giving it a unique market position but also competition from key peers.

L3Harris won the contract to build a fleet of Skyraider II fighter planes for U.S. Special Operations Command.

Stability is Kenny Polcari's theme when it comes to today's Big 3. He explains why Cola-Cola (KO), Medtronic (MDT) and L3Harris (LHX) are undervalued names with quality.

Air travel is a modern miracle, yet I have a love/hate relationship with it. While flying can be uncomfortable, the ability to cross continents in hours is astounding. The aerospace industry is booming, with strong demand and innovation driving growth. I've invested heavily in this sector, betting on its long-term potential. My portfolio focuses on companies with durable moats, strong growth, and dividend potential. Despite risks, I believe aerospace will remain a cornerstone of global connectivity and my investments.

LHX hikes its quarterly dividend payout to $1.20 per share. This increase represents the company's 24th consecutive annual dividend hike.

Trump wants to decrease defense spending, but the conflict in Ukraine may still lead to contracts. European rivals are surging.