Latest news with #L3HarrisTechnologies
Yahoo
10 hours ago
- Business
- Yahoo
Clearbridge Dividend Strategy Initiated a Position in L3Harris Technologies (LHX) on a Dip
ClearBridge Investments, an investment management company, released its 'ClearBridge Dividend Strategy' second quarter 2025 investor letter. A copy of the letter can be downloaded here. The second quarter was unexpectedly positive for U.S. equity investors, despite global trade wars, conflicts in Ukraine and the Middle East, falling earnings estimates, and a worsening fiscal situation outlook, with the S&P 500 Index up 6.2% at the year's halfway mark. While the strategy that focuses on quality, risk management, and a disciplined approach to valuation lagged in this momentum-driven environment. In addition, please check the fund's top five holdings to know its best picks in 2025. In its second quarter 2025 investor letter, ClearBridge Dividend Strategy highlighted stocks such as L3Harris Technologies, Inc. (NYSE:LHX). L3Harris Technologies, Inc. (NYSE:LHX) is a global provider of mission-critical solutions for government and commercial customers. The one-month return of L3Harris Technologies, Inc. (NYSE:LHX) was 4.22%, and its shares gained 13.12% of their value over the last 52 weeks. On July 8, 2025, L3Harris Technologies, Inc. (NYSE:LHX) stock closed at $257.09 per share, with a market capitalization of $48.062 billion. ClearBridge Dividend Strategy stated the following regarding L3Harris Technologies, Inc. (NYSE:LHX) in its second quarter 2025 investor letter: "During the quarter we initiated a position in L3Harris Technologies, Inc. (NYSE:LHX), a defense company which had sold off on DOGE-related concerns. With armed conflict breaking out all over, robust defense spending seems like one of today's few safe bets. L3Harris possesses a robust balance sheet and a strong outlook, and it offered an attractive entry point at a steep discount to the broader market in terms of free cash flow." A military jetfighter against a deep blue sky with the sun behind it. L3Harris Technologies, Inc. (NYSE:LHX) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 42 hedge fund portfolios held L3Harris Technologies, Inc. (NYSE:LHX) at the end of the first quarter, compared to 48 in the previous quarter. While we acknowledge the potential of LHX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered L3Harris Technologies, Inc. (NYSE:LHX) and shared the list of best industrial stocks to buy. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey.
Ya Biladi
5 days ago
- Business
- Ya Biladi
Morocco and U.S. firm L3Harris sign defense deal to upgrade C-130 capabilities
Yesterday, Morocco's National Defense Administration formalized a strategic agreement with American company L3Harris Technologies. The partnership «reinforces our shared commitment to strengthening Morocco's C-130 capabilities and deepening collaboration between our nations' industries», said Aimee Cutrona, Chargé d'affaires at the U.S. Embassy in Rabat, in a post on X. She added that the agreement is «a milestone moment in the ongoing U.S.-Morocco partnership in defense and aerospace. Together, the U.S. and Morocco are making both of our countries safer, stronger, and more prosperous». L3Harris Technologies already equips the Royal Armed Forces' (FAR) F-16s with smart weapon systems, enabling pilots to double their aircraft's payload capacity. In recent months, the FAR has been exploring options to expand its fleet of C-130 Hercules aircraft, manufactured by U.S. defense giant Lockheed Martin. Moroccan pilots have even tested the C-390 Millennium, produced by Brazilian company Embraer.
Business Wire
01-07-2025
- Business
- Business Wire
L3Harris Sets Date for Second Quarter 2025 Earnings Release
MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) will release its second quarter 2025 financial results before the market opens on Thursday, July 24, 2025. The company will then host an earnings call on Thursday, July 24, 2025, at 10:30 a.m. ET. Participants are encouraged to listen via webcast at A recording of the call will be available on beginning at approximately 12 p.m. ET on July 24, 2025. About L3Harris Technologies L3Harris Technologies is the Trusted Disruptor in the defense industry. With customers' mission-critical needs always in mind, our employees deliver end-to-end technology solutions connecting the space, air, land, sea and cyber domains in the interest of national security. Visit for more information.
Yahoo
24-06-2025
- Business
- Yahoo
L3Harris (LHX) wins $487 million DoD contract for Terminal Modernization
L3Harris Technologies, Inc. (NYSE:LHX) is one of the 11 best industrial stocks to buy right now. On June 17, the company announced it had secured a $487.3 million cost-plus fixed contract from the US Department of Defense. Jirat Teparaksa/ The contact is for the modernization of enterprise terminals. The company will also offer depot and engineering support services as part of the contract. The Army Contracting Command at Aberdeen Proving Ground is to manage the five-year contract slated for completion in 2030. An area where the contract will be implemented will be determined with each order as the project progresses. The Army and L3Harris have already partnered on a number of similar contracts. In January, the company received a $300 million buy order to supply the Army with handheld, manpack, and small form fit, or HMS, radios. The contract falls under a possible 10-year, $12.7 billion contract Harris was given in 2016. L3Harris Technologies, Inc. (NYSE:LHX) is a global aerospace and defense technology company that provides end-to-end solutions across air, land, sea, space, and cyber domains. It specializes in complex intelligence, surveillance, reconnaissance (ISR), and electronic warfare (EW) systems. While we acknowledge the potential of LHX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
UPI
23-06-2025
- Science
- UPI
NASA completes full-duration 'hot fire' test of new RS-25 engine
NASA tests RS-25 engine No. 20001 on Friday, at the Fred Haise Test Stand at NASA's Stennis Space Center at Bay St. Louis, Mississippi. Test teams fired the engine for almost 500 seconds, the same amount of time RS-25 engines fire during a launch of a Space Launch System rocket on Artemis missions to the moon. Photo by NASA June 23 (UPI) -- NASA fired up a full-duration test of its new RS-25 engine that will power the Space Launch System rocket on Artemis missions to the moon, the space agency announced Monday. NASA tested RS-25 engine No. 20001 on Friday at the Fred Haise Test Stand at NASA's Stennis Space Center at Bay St. Louis in Mississippi. The full-duration "hot fire" test was the first since NASA completed certification testing for new production RS-25 engines last year. The engine, built by contractor L3Harris Technologies -- formerly Aerojet Rocketdyne -- was fired up for nearly eight-and-a-half minutes. That is the same amount of time it would take four RS-25 engines to launch an SLS rocket, sending astronauts aboard the Orion into orbit. The engine was also fired up to the 111% power level to test its limits. The test was conducted by a team from NASA, L3Harris and Syncom Space Services, which is the contractor for site facilities. All RS-25 engines are being tested and proven flightworthy at NASA Stennis after the space agency completed its RS-25 certification test series in April 2024. "The newly produced engines on future SLS rockets will maintain the high reliability and safe flight operational legacy the RS-25 is known for while enabling more affordable high-performance engines for the next era of deep space exploration," Johnny Heflin, SLS liquid engines manager, said last year. The RS-25 engine dates back to the 1960s, with a previous iteration of Rocketdyne from the 1970s. NASA's first space shuttle flight used RS-25 engines to launch in April 1981. It will take four RS-25 engines, producing a combined 8.8 million pounds of thrust at liftoff, to launch the SLS rocket for Artemis missions. NASA is targeting the first crewed Artemis mission, Artemis II, for April 2026. It will be the first crewed mission beyond low Earth orbit since Apollo 17 in 1972. During Artemis II, four astronauts will make a trip around the moon. Artemis III will include a lunar landing, which is currently scheduled for 2027.
