L3Harris (LHX) to Sell Antenna & Related Business for $200M [Yahoo! Finance]
L3Harris Technologies, Inc. (LHX)
Last l3harris technologies, inc. earnings: 2/4 06:30 am
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Source: Yahoo! Finance
Once the deal gets completed, L3Harris will earn cash worth $175 million. The transaction is anticipated to close in the second quarter of 2024. The businesses that L3Harris has agreed to sell specialize in a range of airborne and ground-based antennas and test equipment. Rationale Behind the Sale L3Harris' decision to divest antenna's operations underscores its commitment to reshaping its portfolio by getting rid of its non-core assets. The sale proceeds from this transaction will also help L3Harris in fulfilling its long-term capital deployment strategies. The latest divestment agreement also seems to be a strategically prudent decision by L3Harris as it remains focused on repaying its debt associated with the acquisition of Aerojet Rocketdyne, which was completed in July 2023 for a net purchase price of $4.72 billion. In line with this strategy, in November 2023, the company announced that it has agreed to divest the CAS disposal group, which includes both the Commercia
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LHX
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