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BIZARRE: 3 - You Need To See This

Earnings Preview: What to Expect From L3Harris Technologies’ Report

L3Harris Technologies is all set to announce its second-quarter results this month, and Wall Street is anticipating a single-digit increase in the company’s bottom-line figure.

Barchart

Is L3Harris Technologies Stock Underperforming the S&P 500?

L3Harris Technologies underperformed the S&P 500 this year, but Wall Street analysts are moderately optimistic about the stock’s prospects.

Barchart

L3harris Implements Workforce Reduction To Achieve Cost Savings

L3Harris Technologies announces workforce reduction to enhance efficiency and sustainability in response to market dynamics.

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2 Top Defense Stocks That Just Won New Army Contracts

Flaring tensions in the Middle East have put the spotlight on defense stocks, and even the cautious analysts at Morgan Stanley name these two picks as their top choices.

Barchart

US defence contractor paid commissions to Saudi firm later alleged to be conduit for bribes

Harris had longstanding relationship with ABTSS, later alleged by British prosecutors to have handled or received illegal payments

The Guardian - UK

Lawmakers urge DOD to play larger role in scrutinizing mergers - Roll Call

In a new letter, two Democratic lawmakers want answers from the Pentagon about how it can step up oversight of proposed defense mergers.

Roll Call

3 Defense Stocks Signaling 'BUY' in Profitable 2024

With increasing geopolitical instability resulting in an uptick in defense spending and rapid digital transformation, the aerospace and defense industry’s outlook appears promising. Hence, quality defense stocks L3Harris (LHX), BWX Technologies (BWXT), and Kaman (KAMN) could be ideal buys for substantial gains this year. Read on….

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Aerospace Stocks Are Set To Fly High On Multi-Year Tailwinds, Says Mario Gabelli

Mario Gabelli says aerospace stocks are poised to take off

Zenger

US Approves Potential Sale of HIMARS Rockets to Morocco for Estimated $524.2 Mln

The US State Department has approved the potential sale of HIMARS artillery rocket systems and related equipment to Morocco in a deal valued at up to $524 million, the Pentagon said on Tuesday. The State Department has also approved the possible sale of Joint Stand Off Weapons and related equipment…

Asharq Al-Awsat

Pentagon awards L3Harris $40 million anti-drone weapon systems contract

The U.S. Department of Defense awarded L3Harris Technologies Inc a $40 million contract to deliver 14 anti-drone weapon systems to bolster Ukraine's security forces, the defense contractor said on Friday.

Reuters

Magic beat Mavericks despite Paolo Banchero’s absence because of ankle injury

ORLANDO, Fla. — The Orlando Magic had to play without rookie forward Paolo Banchero, their leading scorer, for the first time in Wednesday’s home game vs. the Dallas Mavericks.

Orlando Sentinel

Fortune 500s reversed on Jan. 6 pledges

Corps proclaimed they were suspending donations — then resumed giving to the very politicians they had sworn off

Salon

Key Democrat warns of major security risk if US firm acquires NSO hacking code

Ron Wyden says White House right to raise concerns about possible deal for defence contractor L3Harris to acquire surveillance technology

The Guardian - US

L3Harris Technologies Eyes Israeli Spyware Firm NSO: Reports

L3Harris Technologies Inc (NYSE:LHX) is planning to acquire Israeli spyware firm NSO Group, Reuters reported, citing U.S. and Israeli media. The deal is expected to be finalized after being approved by Israel, the U.S., and L3Harris’ board of directors. A separate report published by Intelligence Online has shed light on the White House’s…

Benzinga

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The Guardian - US

US defence contractor in talks to take over NSO Group’s hacking technology

Deal – which would require approval from US and Israel – would give L3Harris control over controversial Pegasus tool

Benzinga

Sidus Space Picks L3Harris Software For LizzieSat Constellation

Sidus Space, Inc. (NASDAQ:SIDU) has selected L3Harris Technologies (NYSE:LHX) InControl and OnTime software for command and control and mission planning for LizzieSat Constellation. L3Harris will work collaboratively with the Sidus team in the coming weeks to fully implement the two products at the Cape Canaveral facility in preparation for the LizzieSAT-1 International Space Station (ISS)…

Benzinga

Japan Meteorological Agency Picks L3Harris To Lead Weather Satellite Study

L3Harris Technologies Inc (NYSE:LHX) has secured a contract from the Japan Meteorological Agency (JMA) for an advanced study to enhance the accuracy and timing of Japan's weather forecasting. The financial terms were not disclosed. L3Harris will lead the geostationary hyperspectral infrared (IR) sounder study for the JMA's future enterprise. L3Harris evaluates geostationary sounder…

Benzinga

L3Harris Bags $117M Space Object-Tracking Modernization Contract

L3Harris Technologies Inc (NYSE:LHX) has secured $117 million for option-year three of a U.S. Space Force and U.S. Space Command contract to maintain and modernize infrastructure to track objects in space. The Maintenance Of Space Situational Awareness Integrated Capabilities (MOSSAIC) program has an estimated contract value of $1.2 billion over 10 years. L3Harris…

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Benzinga

L3Harris Partners With Shield Capital To Aid Emerging Defense, Commercial Technologies

L3Harris Technologies Inc (NYSE:LHX) and venture capital firm Shield Capital have established a strategic partnership to accelerate defense, commercial technology solutions. In partnership with Shield, L3Harris will quickly identify, fund, and then guide technology development and solutions that will solve urgent national security needs. The agreement provides L3Harris access to disruptive innovators for…

Benzinga

Wells Fargo Analyst Sees Additional Upside In These 2 Defense Stocks

Over the last week, the United States and its NATO allies supplied Ukraine with 17,000 anti-tank missiles in the wake of the Russian invasion.

Benzinga

Wells Fargo, Susquehanna Cut L3Harris Price Target Following Q4 Results

Wells Fargo analyst Matthew Akers lowered L3Harris Technologies Inc's (NYSE:LHX) price target to $240 (an upside of 15%) from $254 and maintained an Overweight rating on the shares. Akers notes the stock trades at a discount to its defense peers despite his belief that it is a portfolio well-matched to Department of Defense spending priorities…

Benzinga

Lockheed Martin Names Jay Malave As Finance Chief

Lockheed Martin Corp (NYSE:LMT) has appointed Jesus "Jay" Malave as the company's next chief financial officer, effective immediately. John Mollard, who served as acting CFO on an interim basis, will continue as vice president and treasurer. Malave most recently held the positions of senior vice president and CFO for L3Harris Technologies Inc (NYSE:LHX). Before that,…

Benzinga

L3Harris Technologies Stock Slips After Q4 Results, Provides FY22 Outlook

L3Harris Technologies Inc (NYSE:LHX) reported a fourth-quarter FY21 revenue decline of 7% year-over-year to $4.35 billion and decreased 1% on an organic basis. The revenue decline was attributable to divestitures within Aviation Systems and supply chain-related constraints within Communication Systems. Integrated Mission Systems revenue was $1.56 billion (+6% Y/Y) and an operating margin…

Benzinga

L3Harris Appoints Michelle Turner As Finance Chief

L3Harris Technologies Inc (NYSE:LHX) has named Michelle Turner as Senior Vice President and Chief Financial Officer, effective immediately. Turner succeeds Jay Malave, who has chosen to pursue career opportunities outside of L3Harris. Turner joins L3Harris from Johnson & Johnson (NYSE:JNJ), where she led finance for the enterprise supply chain function, developing strategies to drive financial…

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