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MarketScreener Homepage  >  Equities  >  Nyse  >  L3Harris Technologies, Inc.    LHX

L3HARRIS TECHNOLOGIES, INC.

(LHX)
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L3Harris Technologies : Honors Veterans with Nationwide Day of Service; Launches New Company-wide Volunteer Initiative

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11/11/2019 | 07:30pm EST

Highlights:

  • Day of service features volunteer events at 50 sites nationwide
  • 3,000 employees assemble 30,000 support packages for veterans and others
  • New LIFT initiative extends employees’ 50-plus year legacy of community service 

 

L3Harris Technologies (NYSE:LHX) today honored our Nation’s veterans by hosting 50 service events around the country and launching its new, company-wide employee volunteer initiative.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191111005700/en/

L3Harris employees today packed 30,000 support packages, including care kits and thank you notes for active military and first responders, as part of a day of service to honor our Nation’s veterans and to launch the company’s new LIFT volunteer initiative.  (L-to-R) Retired Army Specialist Tanya Earwood, L3Harris CEO Bill Brown and retired Marine Corps Lt. Colonel Delta Burke were among 3,000 employees who volunteered at 50 different company locations nationwide. (Photo: Business Wire)

L3Harris employees today packed 30,000 support packages, including care kits and thank you notes for active military and first responders, as part of a day of service to honor our Nation’s veterans and to launch the company’s new LIFT volunteer initiative. (L-to-R) Retired Army Specialist Tanya Earwood, L3Harris CEO Bill Brown and retired Marine Corps Lt. Colonel Delta Burke were among 3,000 employees who volunteered at 50 different company locations nationwide. (Photo: Business Wire)

More than 3,000 L3Harris employees assembled over 30,000 support packages, including care kits for veterans, thank you notes to active military and first responders, meal kits for students and hygiene kits for senior citizens.

Along with honoring veterans, the service projects kicked off the company’s LIFT (L3Harris Investing For Tomorrow) initiative. LIFT integrates legacy L3 Technologies and Harris Corporation volunteer initiatives into a single, robust platform focused on supporting STEM education, mission aligned and community organizations.

“We owe a tremendous debt to our Nation’s veterans, including 6,500 at L3Harris, for serving our country and protecting the freedoms we all cherish,” said William M. Brown, Chairman and Chief Executive Officer. “It is only appropriate that we launch our LIFT service initiative on Veterans Day in their honor.”

L3Harris has a 50-plus year legacy supporting education and community organizations – donating millions of dollars and volunteering thousands of hours annually. LIFT strengthens and extends L3Harris’ legacy of philanthropy by providing a platform that helps employees focus their efforts on causes where they can have the greatest impact and organizations with the greatest need.

The LIFT initiative features an online portal that helps match employees with organizations in need. LIFT volunteers make a difference in the community through a variety of projects, such as STEM mentoring, disaster relief, Habitat for Humanity home building, veteran and first responder support initiatives, supply drives and packing events.

About L3Harris Technologies

L3Harris Technologies is an agile global aerospace and defense technology innovator, delivering end-to-end solutions that meet customers’ mission-critical needs. The company provides advanced defense and commercial technologies across air, land, sea, space and cyber domains. L3Harris has approximately $17 billion in annual revenue and 50,000 employees, with customers in 130 countries. L3Harris.com.

 


© Business Wire 2019
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Financials (USD)
Sales 2020 19 175 M
EBIT 2020 3 202 M
Net income 2020 2 103 M
Debt 2020 6 053 M
Yield 2020 1,43%
P/E ratio 2020 22,8x
P/E ratio 2021 19,6x
EV / Sales2020 2,95x
EV / Sales2021 2,78x
Capitalization 50 524 M
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Mean consensus BUY
Number of Analysts 18
Average target price 255,56  $
Last Close Price 228,55  $
Spread / Highest target 26,9%
Spread / Average Target 11,8%
Spread / Lowest Target -2,43%
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Managers
NameTitle
William M. Brown Chairman & Chief Executive Officer
Christopher Eugene Kubasik Vice Chairman, President & Chief Operating Officer
Jesus Malave CFO, Chief Accounting Officer & Senior VP
Omar Fathi Chief Information Officer & Vice President
Ross Niebergall Chief Technology Officer & Vice President
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