LHX has raised its quarterly dividend to $1.20 per share. This marks the company's 24th year in a row of increasing its dividend.
MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies' Board of Directors has decided to raise the quarterly cash dividend from $1.16 to $1.20 per share. This change will take effect with the first quarter dividend, which will be paid on March 21, 2025, to shareholders who are on record by March 10, 2025. As a result, the annual dividend rate will rise from $4.64 to $4.80, marking the company's 24th increase.
On February 26, 2025, in Washington, Shield AI and L3Harris Technologies announced their partnership to showcase an electronic warfare operation using AI-powered unmanned systems. These systems will be capable of sensing, adapting, and responding while performing both physical and electromagnetic actions. Central to this initiative is L3Harris' DiSCO™, a software-based system that quickly identifies and analyzes various threat signals.
We have just released a list of the 10 worst-performing stocks that are worth buying right now. In this article, we will examine how L3Harris Technologies, Inc. (NYSE:LHX) compares to these other struggling stocks. In 2024, the overall financial markets and economy have shown resilience despite economic challenges and rising interest rates.
CAMDEN, Ark.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) has started building four new facilities for solid rocket motor production at its Camden location. The ceremony was attended by officials from the Department of Defense, industry clients, and local leaders. This expansion is part of a $215.6 million agreement with the Defense Department to boost domestic rocket propulsion manufacturing.
L3Harris Technologies, Inc. (NYSE:LHX) will be participating in the Barclays 42nd Annual Industrial Select Conference on February 20, 2025, at 8:30 AM ET. The company representatives include Chris Kubasik, the Chair and CEO, and Ken Bedingfield, the Senior Vice President and CFO. David Strauss from Barclays will now introduce Ken for the Safe Harbor and forward-looking statements.
The defense industry offers various products for national security, including aircraft, missiles, helicopters, IT, ships, and space defense. Unlike many other industries, defense stocks usually perform consistently because their sales depend on long-term government contracts. Additionally, many defense stocks provide good dividends, especially when compared to the S&P 500, which has an average yield of only 1.2%.
MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) has successfully conducted the first flight of its all-digital electronic warfare system, Viper Shield™, on a single-seat Block 70 F-16 at Edwards Air Force Base in California. Viper Shield offers cutting-edge electronic warfare capabilities to F-16 fleets for six international partners. "This flight marks a significant upgrade for the F-16 and our military personnel," said a representative.
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L3Harris Technologies, Inc. (NYSE:LHX) will hold its Q4 2024 Earnings Conference Call on January 30, 2025, at 10:30 AM ET. The call will feature company representatives including Daniel Gittsovich, the Vice President of Investor Relations, Christopher Kubasik, the Chairman and CEO, and Kenneth Bedingfield, the Senior Vice President and CFO. Analysts from various firms, such as Peter Arment from Robert W. Baird & Co., Myles Walton from Wolfe Research, and Douglas Harned from Sanford C., will also participate in the call.