LHX

Kratos Defense & Security Solutions, Inc. Completes Development of the Zeus Solid Rocket Motor (SRM) Family with the Successful Zeus 2 Static Test Fire

Retrieved on: 
Monday, April 15, 2024
Dark, L3Harris Technologies, Zeus, Erinyes, United, DRSS, Investment, Kratos, NASA, Navy, SMDS, Small Business Saturday, Family, SRM, Canadarm, LHX, SAN, Jet fuel

This Zeus 2 milestone combined with the successful Zeus 1 static test firing last year, completes the development phase of Kratos’ new affordable commercial SRM family.

Key Points: 
  • This Zeus 2 milestone combined with the successful Zeus 1 static test firing last year, completes the development phase of Kratos’ new affordable commercial SRM family.
  • Zeus 1 and Zeus 2 are high-performance 32.5-inch diameter solid rocket motors envisioned and internally funded by Kratos.
  • Kratos’ technology investments are delivering leading-edge systems and expanding our extensive portfolio of Hypersonic Flyers and SRMs available for our customers.
  • Kratos has now initiated orders for a combined total of nine Zeus 1 and Zeus 2 SRMs in preparation for upcoming customer flights.

L3Harris Selects Mercury to Provide Solid-State Data Recorders for SDA’s Tranche 2 Tracking Layer Satellites

Retrieved on: 
Wednesday, April 10, 2024
L3Harris Technologies, SDA, LEO, International Space Station, Mercury, Risk, AS9100, Silicon, Annual report, Semiconductor, MRCY, Engineering, Mercury Systems, Tranche, GM, Failure, Marketing, LHX, Communications satellite

L3Harris was selected in January to design and build 18 satellites that will provide near-global missile warning and tracking coverage, with preliminary missile defense, under SDA’s Tranche 2 Tracking Layer program.

Key Points: 
  • L3Harris was selected in January to design and build 18 satellites that will provide near-global missile warning and tracking coverage, with preliminary missile defense, under SDA’s Tranche 2 Tracking Layer program.
  • The Tracking Layer is part of SDA’s Proliferated Warfighter Space Architecture, a layered network of military satellites supporting multiple missions in Low Earth Orbit (LEO).
  • Tranche 2 follows the 16-satellite constellation L3Harris is building for Tranche 1, and the four recently launched satellites it built for the Tranche 0.
  • Mercury’s solid-state data recorders (SSDRs) are the primary storage devices on all three L3Harris constellations.

L3Harris Announces Quarterly Dividend

Retrieved on: 
Friday, April 19, 2024
Defense, Other Defense, Military, Technology, Aerospace, Government Technology, Manufacturing, Security, L3Harris Technologies, LHX

The Board of Directors of L3Harris Technologies (NYSE:LHX) declared a quarterly cash dividend of $1.16 per common share, payable June 18, 2024, to shareholders of record as of the close of business on June 4, 2024.

Key Points: 

The Board of Directors of L3Harris Technologies (NYSE:LHX) declared a quarterly cash dividend of $1.16 per common share, payable June 18, 2024, to shareholders of record as of the close of business on June 4, 2024.

U.S. Army Awards L3Harris ENVG-B Production Order

Retrieved on: 
Monday, April 15, 2024
Other Defense, Contracts, Technology, White House, Federal Government, Defense, Security, Engineering, Homeland Security, Other Technology, Aerospace, Military, Public Policy, Government, Manufacturing, IDIQ, Congress, ENVG, Army, Night vision, Partnership, Investment, LHX

L3Harris Technologies (NYSE:LHX) received a $256 million order from the U.S. Army for continued production of the Enhanced Night Vision Goggle – Binocular ( ENVG-B ).

Key Points: 
  • L3Harris Technologies (NYSE:LHX) received a $256 million order from the U.S. Army for continued production of the Enhanced Night Vision Goggle – Binocular ( ENVG-B ).
  • This is the first order for the ENVG-B’s Program of Record full-scale production IDIQ, which will total nearly $1 billion over 10 years.
  • L3Harris has delivered more than 13,000 ENVG-B systems to the Army to date.
  • The company has also delivered more than 20,000 advanced vision goggles to warfighters worldwide, including the company’s Binocular Night Vision Device – Fused solution.

Iridium Signs Five-Year Contract with L3Harris to Protect FAA Critical Infrastructure

Retrieved on: 
Tuesday, April 9, 2024
Iridium Communications, IRDM, GPS, Commercial, National Airspace System, LHX, Adtran, Federal Aviation Administration, STL, Human, Communications satellite

MCLEAN, Va., April 9, 2024 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM), a leading provider of global voice and data satellite communications, today announced a new five-year commercial contract with L3Harris Technologies [NYSE: LHX] for the Iridium® Satellite Time and Location (STL) service. Under the terms of the five-year agreement, Iridium will provide the STL service to more than three dozen L3Harris-operated communications network backbone nodes and a similar number of Federal Aviation Administration (FAA) facilities throughout the United States.

Key Points: 
  • L3Harris owns and operates a private nationwide network for the FAA, providing voice, data, and video communications for the National Airspace System operations and mission support functions.
  • Timing synchronization is essential within the L3Harris communications network, especially since it supports several critical infrastructure applications.
  • Compact devices provided by Adtran's Oscilloquartz division that receive Iridium STL signals are also included in the solution for L3Harris.
  • "STL solutions offer cost-effective resiliency in critical infrastructure environments where GPS is unreliable or unavailable, so L3Harris and the FAA can benefit from uninterrupted, high-performance operations."

Iridium Signs Five-Year Contract with L3Harris to Protect FAA Critical Infrastructure

Retrieved on: 
Tuesday, April 9, 2024
Iridium Communications, IRDM, GPS, Commercial, National Airspace System, LHX, Adtran, Federal Aviation Administration, STL, Human, Communications satellite

MCLEAN, Va., April 9, 2024 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM), a leading provider of global voice and data satellite communications, today announced a new five-year commercial contract with L3Harris Technologies [NYSE: LHX] for the Iridium® Satellite Time and Location (STL) service. Under the terms of the five-year agreement, Iridium will provide the STL service to more than three dozen L3Harris-operated communications network backbone nodes and a similar number of Federal Aviation Administration (FAA) facilities throughout the United States.

Key Points: 
  • L3Harris owns and operates a private nationwide network for the FAA, providing voice, data, and video communications for the National Airspace System operations and mission support functions.
  • Timing synchronization is essential within the L3Harris communications network, especially since it supports several critical infrastructure applications.
  • Compact devices provided by Adtran's Oscilloquartz division that receive Iridium STL signals are also included in the solution for L3Harris.
  • "STL solutions offer cost-effective resiliency in critical infrastructure environments where GPS is unreliable or unavailable, so L3Harris and the FAA can benefit from uninterrupted, high-performance operations."

Kanders & Company Announces Definitive Agreement to Acquire Antenna and Test Equipment Businesses from L3Harris

Retrieved on: 
Friday, April 5, 2024
PALM, Acquisition, LHX, Growth, L3Harris Technologies, Radar

PALM BEACH, Fla., April 5, 2024 /PRNewswire/ -- Kanders & Company, Inc. ("Kanders"), a U.S.-based single-family office, announced today that it has entered into a definitive agreement to acquire and combine certain antenna and test equipment businesses from L3Harris Technologies (NYSE: LHX) for $200 million.

Key Points: 
  • PALM BEACH, Fla., April 5, 2024 /PRNewswire/ -- Kanders & Company, Inc. ("Kanders"), a U.S.-based single-family office, announced today that it has entered into a definitive agreement to acquire and combine certain antenna and test equipment businesses from L3Harris Technologies (NYSE: LHX) for $200 million.
  • The acquisition brings together three separate business units under Kanders' newly formed Fisica, Inc. ("Fisica") platform.
  • "We are excited to announce the agreement to acquire these businesses from L3Harris and partner with existing management to launch a new platform in the defense industry," said Warren B. Kanders, President of Kanders and Chairman and CEO of Fisica.
  • Under the terms of the agreement, Kanders will pay L3Harris $175 million in cash at closing and a $25 million seller note.

L3Harris Announces Definitive Agreement to Sell Non-Core Assets to an Affiliate of Kanders & Company, Inc. for $200 Million

Retrieved on: 
Friday, April 5, 2024
Defense, Automotive Manufacturing, Aerospace, Manufacturing, Government Technology, Other Manufacturing, Other Defense, LHX, Space, L3Harris Technologies

L3Harris Technologies (NYSE:LHX) has signed a definitive agreement under which an affiliate of Kanders & Company, Inc. will acquire its antenna and related businesses for $200 million.

Key Points: 
  • L3Harris Technologies (NYSE:LHX) has signed a definitive agreement under which an affiliate of Kanders & Company, Inc. will acquire its antenna and related businesses for $200 million.
  • The transaction is expected to close this quarter and is subject to customary closing conditions and regulatory approvals.
  • The agreement aligns with L3Harris’ portfolio-shaping strategy for non-core assets, with transaction proceeds to be used consistent with capital allocation plans.
  • The transaction is made up of $175 million of cash at closing and a $25 million seller note.

L3Harris Sets Date for First Quarter 2024 Earnings Release

Retrieved on: 
Monday, April 1, 2024
Aerospace, Security, Government Technology, Manufacturing, Satellite, Defense, Audio, Video, Other Technology, Telecommunications, Other Defense, Contracts, Networks, Hardware, Drones, Technology, Mobile, Wireless, Military, Engineering, International, Webcast, LHX, L3Harris Technologies

L3Harris Technologies (NYSE:LHX) will release first quarter 2024 financial results on Thursday, April 25, 2024, after market close.

Key Points: 
  • L3Harris Technologies (NYSE:LHX) will release first quarter 2024 financial results on Thursday, April 25, 2024, after market close.
  • The company’s results will be published in an earnings release and made available at L3Harris.com .
  • The company will host a call on Friday, April 26, 2024, at 8:30 a.m.
  • The dial-in numbers for the teleconference are (U.S.) 877-407-6184 and (International) +1 201-389-0877, and participants will be directed to an operator.

SecuLore to Deliver Proven Security Operations Center (SOC) Monitoring and Cyber Protection to L3Harris Mission Critical Customers

Retrieved on: 
Wednesday, March 27, 2024
SOC, Overwatch, Organization, Specialization, Land mobile radio system, Knowledge, NIST, MCA, LHX, L3Harris Technologies, Security operations center, LMR, Risk management

ORLANDO, Fla., March 27, 2024 /PRNewswire-PRWeb/ -- SecuLore, an Exacom Company and a leader in mission-critical network monitoring and cybersecurity services, has been selected by L3Harris Technologies (NYSE: LHX) as a Mission Critical Alliance (MCA) partner. L3Harris will leverage SecuLore as their Security Operations Center and resell SecuLore's OverWatch monitoring service to L3Harris customers. This arrangement is designed to bolster the security of L3Harris' Land Mobile Radio (LMR) systems and provide protection for vital communications infrastructures.

Key Points: 
  • SecuLore was selected by L3Harris as a widely trusted third-party cybersecurity solutions provider to deliver proven SOC monitoring and cyber protection to L3Harris mission critical customers.
  • L3Harris will leverage SecuLore as their Security Operations Center and resell SecuLore's OverWatch monitoring service to L3Harris customers.
  • This arrangement is designed to bolster the security of L3Harris' Land Mobile Radio (LMR) systems and provide protection for vital communications infrastructures.
  • L3Harris' SOC Monitoring Service is now available to all L3Harris customers across key sectors, offering tailored security monitoring solutions to address the unique needs of diverse organizations.