L3Harris TechnologiesNYSE: LHX

HUNTSVILLE, Ala.--(BUSINESS WIRE)--Aerojet Rocketdyne, an L3Harris Technologies (NYSE:LHX) company, recently completed its 1,000th delivery of both the solid rocket boost motor and Liquid Divert and Attitude Control System (LDACS) for the Missile Defense Agency's (MDA) Terminal High Altitude Area Defense (THAAD) system. The ahead-of-schedule delivery to Lockheed Martin demonstrates Aerojet Rocketdyne's long-standing ability to provide trusted propulsion and precision systems for one of the nati.

Launches Fisica, Kanders' New Defense Technology Platform PALM BEACH, Fla. , June 3, 2024 /PRNewswire/ -- Kanders & Company, Inc. ("Kanders"), a U.S.-based single-family office, announced today the completion of its previously announced acquisition of certain antenna and test equipment businesses from L3Harris Technologies (NYSE: LHX) for $200 million.

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) has completed its sale of the company's antenna and related businesses to an affiliate of Kanders & Company, Inc. for $200 million. The deal aligns with L3Harris' portfolio-shaping strategy of divesting non-core assets, with transaction proceeds to be used consistent with capital allocation plans. The transaction includes $175 million in cash and a $25 million seller note. The businesses L3Harris divested were part of the co.

Investors looking into Aerospace - Defense sector stocks are likely familiar with L3Harris (LHX) and Northrop Grumman (NOC). The question now is: which of these two stocks offers a more attractive value opportunity for investors?

Here is the performance of L3Harris (LHX) and Rolls-Royce Holdings PLC (RYCEY) relative to their industry in the current year.

Chris Kubasik, CEO of L3Harris, appears on 'Closing Bell Overtime' to discuss quarterly performance, defense sector demand, and other topics.

L3Harris, a U.S. defense contractor, reduced its workforce by 5% in an effort to streamline operations and cut costs, according to CEO Chris Kubasik during a conference call on Friday following the earnings report.

L3Harris (LHX) beats the Zacks Consensus Estimate for first-quarter earnings and revenues, leading to an upward revision of its 2024 earnings forecast.

The company's stock is increasing in early trading following its surpassing of Wall Street expectations and raising of guidance.