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

L3HARRIS TECHNOLOGIES, INC.

(LHX)
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L3Harris Technologies : Selected to Demonstrate Electronic Warfare Prototype for US Air Force F-16 Fighting Falcon

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11/14/2019 | 09:04am EST

Highlights:

  • System will protect U.S. Air Force F-16s from sophisticated radar threats
  • Continues company’s 15-year legacy of electronic warfare systems on F-16s
  • Technology synergies resulting from recent L3Harris merger strengthen company’s offering

L3Harris Technologies (NYSE:LHX) has been awarded a project agreement under the SOSSEC Consortium’s Air Force Open System Acquisition Initiative (OSAI) Other Transaction Agreement (OTA) for prototyping to demonstrate a new electronic warfare solution for the U.S. Air Force F-16 multi-role fighter – helping to protect the aircraft against threats.

As part of the Alpha Phase of the Air Force’s F-16 Electronic Warfare (EW) Suite Program Prototype Project, L3Harris will develop and test an integrated digital radar warning receiver electronic countermeasures solution. L3Harris’ solution is based on the company’s combat-proven technologies.

“L3Harris is delivering an integrated EW suite based on proven technologies from across the newly-merged companies that will provide F-16 pilots with the most sophisticated, high-performance EW needed to defeat advanced and emerging threats,” said Ed Zoiss, President, Space and Airborne Systems, L3Harris. ”We’re leveraging technology synergies and innovations from across the company as a result of the merger, perhaps none more exciting and game-changing for our customers than in the area of EW and spectrum dominance.”

The OTA Project Agreement is part of the OSAI managed by SOSSEC, Inc., and will require L3Harris to work with a non-traditional defense contractor on the project.

L3Harris has delivered EW solutions for a wide variety of airborne platforms for more than 60 years. L3Harris airborne EW systems support and enable missions for strategic bombers, tactical fighters and rotary aircraft by helping aviators to detect, avoid, and where necessary, defeat electronic threats at every level of engagement.

L3Harris’ Space and Airborne Systems segment provides space payloads, sensors and full-mission solutions; classified intelligence and cyber defense; avionics; and electronic warfare solutions.

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.

Forward-Looking Statements

This press release contains forward-looking statements that reflect management's current expectations, assumptions and estimates of future performance and economic conditions. Such statements are made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The company cautions investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements. Statements about system capabilities are forward-looking and involve risks and uncertainties. L3Harris disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.


© Business Wire 2019
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Financials (USD)
Sales 2020 19 163 M
EBIT 2020 3 214 M
Net income 2020 2 126 M
Debt 2020 6 053 M
Yield 2020 1,60%
P/E ratio 2020 20,1x
P/E ratio 2021 17,0x
EV / Sales2020 2,65x
EV / Sales2021 2,49x
Capitalization 44 642 M
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Mean consensus BUY
Number of Analysts 18
Average target price 257,72  $
Last Close Price 201,94  $
Spread / Highest target 43,6%
Spread / Average Target 27,6%
Spread / Lowest Target 16,4%
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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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