L3Harris’s revenue jumped 17% annually in the fourth quarter to $5.3 billion, while adjusted earnings per share of $3.35 were about 1% ahead of consensus estimates.
Space tech companies largely shrugged off 2023’s broad slowdown in VC investment given their strategic importance, according to the latest Seraphim Space Index.
The U.S. Space Development Agency has awarded three companies $2.5 billion worth of contracts to supply 54 Tranche 2 missile Tracking Layer satellites.
The Tracking Layer satellites are to be part of the first group of operational missile-tracking spacecraft in the Proliferated Warfighter Space Architecture.
L3Harris highlights the potential for the acquisition of Aerojet Rocketdyne to help the defense contractor become a larger player in space and missile systems.
L3Harris Technologies is adding two members to its board of directors, including a former CEO of erstwhile Raytheon, a deal with activist investor D.E. Shaw.
Ken Bedingfield, a former chief financial officer at Northrop Grumman, is taking the same position at L3Harris Technologies, the latter announced Dec. 4.
Lockheed Martin’s aeronautics division took a sales hit in the third quarter of fiscal 2023 as continued F-35 delivery delays ate into the bottom line.
L3Harris is expanding its presence in the aftermarket by getting into the used equipment business, a space in which it historically has not participated.
BAE Systems and L3Harris Technologies has delivered the first EC-37B Compass Call aircraft to the U.S. Air Force for developmental and operational testing.
