Tag: $L3Harris

The U.S. government will invest $1 billion in L3Harris Technologies’ (LHX) growing rocket motor business, guaranteeing a steady supply of the much-needed motors used in a wide range of missiles such as Tomahawks and Patriot interceptors.

 L3Harris Technologies (LHX), opens new tab said on Monday it will sell an about 60% stake in its space propulsion and power systems business to private equity firm AE Industrial Partners for $845 million, including debt.

U.S. defense contractor L3Harris Technologies (NYSE:LHX) raised its annual forecast and beat Wall Street expectations for second-quarter results on Thursday, driven by resilient demand amid rising geopolitical tensions.

U.S. defense contractor L3Harris Technologies on Thursday cut its full-year profit and revenue forecasts after missing quarterly sales expectations, citing decreased volumes in its space unit and the divestment of its aviation solutions business.

President Donald Trump’s meeting with Ukraine President Volodymyr Zelensky on Friday didn’t go well. Defense stocks are getting a boost early Monday.

 L3Harris, opens new tab beat estimates for fourth-quarter profit on Thursday, benefiting from higher weapons demand and increased global defense spending amid escalating security concerns.