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

L3HARRIS TECHNOLOGIES, INC.

(LHX)
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L3Harris Technologies : US Special Operations Command Awards L3Harris Technologies $86M Order for Falcon® IV Two-Channel Handheld Tactical Radios

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11/21/2019 | 09:08am EST

Highlights:

  • Provides AN/PRC-163 software-defined, two-channel handheld radios for USSOCOM forces
  • Operates current and legacy waveforms, with upgradeability to support specific missions
  • Reinforces L3Harris’ position as leading provider of software-defined radios to DoD

U.S. Special Operations Command (USSOCOM) awarded L3Harris Technologies (NYSE:LHX) an initial $86 million full-rate production order for Falcon IV AN/PRC-163 two-channel handheld tactical radios that will provide Special Operations Forces (SOF) operators with advanced communications capabilities.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191121005493/en/

The AN/PRC-163 is a powerful multi-channel, software-defined radio system that enables advanced tactical communications and meets USSOCOM’s rigorous requirements for a small, two-channel, multiband, multifunction and multi-mission tactical radio. (Photo: Business Wire)

The AN/PRC-163 is a powerful multi-channel, software-defined radio system that enables advanced tactical communications and meets USSOCOM’s rigorous requirements for a small, two-channel, multiband, multifunction and multi-mission tactical radio. (Photo: Business Wire)

The order is part of a $390 million IDIQ contract awarded by USSOCOM in 2015 under the Next Generation Tactical Communications (NGTC) program to deliver an advanced two-channel radio for SOF operators. USSOCOM also has awarded the company a NGTC contract to deliver multichannel Next-Generation Manpack radios. The NGTC handheld and manpack radios are the backbone of the complete ecosystem of SOF-focused solutions that L3Harris is providing to USSOCOM.

The AN/PRC-163 is a powerful multi-channel, software-defined radio system that enables advanced tactical communications and meets USSOCOM’s rigorous requirements for a small, two-channel, multiband, multifunction and multi-mission tactical radio. The AN/PRC-163’s familiar, yet enhanced interface is easy-to-use, and the flexible software-defined architecture enables users to quickly add new waveforms and capabilities, while mission modules allow the addition of tailored applications for specific missions like receiving ISR full-motion video.

The Falcon IV NGTC program radios from L3Harris are integrated network systems that can simultaneously communicate over multiple channels and crossband between those channels. They are capable of satellite communications, VHF/UHF/L/S-band and multiple mobile ad-hoc networking (MANET) waveforms including ANW2 and TSM-X™.

“L3Harris has invested heavily in our Falcon IV multi-channel software defined radios and is delivering advanced technology with game-changing capabilities to our USSOCOM customer,” said Dana Mehnert, President, Communication Systems, L3Harris. "This full-rate production order is a major milestone in our contract with USSOCOM to provide solutions that achieve their vision.”

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 radio capabilities and contract and order values 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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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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