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Stock impact report

A Deal With the Pentagon and Planned Spin-Off Has This Defense Stock at Record Highs [Yahoo! Finance]

L3Harris Technologies, Inc. (LHX) 
Last l3harris technologies, inc. earnings: 2/4 06:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
With that investment, L3Harris announced plans to spin off the division to its own public company in the second half of this year. L3Harris ( LHX ) shares are rising to fresh highs Tuesday, thanks to a show of support from the U.S. government. The shares were up about 3% at $350 Tuesday morning, leaving the shares on track to top Monday's record close after the defense contractor said it plans to spin off one of its divisions with backing from the federal government. The U.S. government will invest $1 billion in L3Harris' missile solutions business that will convert to equity once it has debuted on the public market in the second half of this year, the company said. L3Harris will retain a controlling stake in the business. L3Harris derives the bulk of its revenue from the U.S. government, and investors are likely to see its show of support for the company's missile solutions division as a promising signal for the business. L3Harris said it has "significantly invested to tra Show less Read more
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