L3Harris Announces Definitive Agreement to Sell Non-Core Assets to an Affiliate of Kanders & Company, Inc. for $200 Million [Yahoo! Finance]
L3Harris Technologies, Inc. (LHX)
Last l3harris technologies, inc. earnings: 2/4 06:30 am
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Source: Yahoo! Finance
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. The businesses L3Harris will divest offer a variety of airborne and ground-based antennas and test equipment. They are part of the Space & Airborne Systems segment and employ approximately 375 people. About L3Harris Technologies L3Harris Technologies is the Trusted Disruptor in the defense industry. With customers' mission-critical needs always in mind, our 50,000 employees deliver end-to-end technology solutions connecting the space, air, land, sea and cyber domains in the interest of national security. About Kand
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News
- Is L3Harris Technologies (LHX) Stock Outpacing Its Aerospace Peers This Year? [Yahoo! Finance]Yahoo! Finance
- L3Harris Technologies, Inc. (NYSE: LHX) had its price target raised by analysts at JPMorgan Chase & Co. from $240.00 to $250.00. They now have an "overweight" rating on the stock.MarketBeat
- L3Harris Technologies Insiders Sold US$3.0m Of Shares Suggesting Hesitancy [Yahoo! Finance]Yahoo! Finance
- L3Harris Technologies, Inc. (NYSE:LHX) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- L3Harris Technologies, Inc. (NYSE: LHX) had its price target raised by analysts at Barclays PLC from $238.00 to $245.00. They now have an "overweight" rating on the stock.MarketBeat
LHX
Earnings
- 4/25/24 - Beat
LHX
Sec Filings
- 5/1/24 - Form S-8
- 4/26/24 - Form 10-Q
- 4/25/24 - Form 8-K
- LHX's page on the SEC website