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

L3HARRIS TECHNOLOGIES, INC.

(LHX)
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L3Harris Technologies : State of Utah Awards L3Harris Technologies Contract to Build Statewide Public Safety Radio System

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09/23/2019 | 08:01am EST

Highlights:

  • Replaces the State of Utah’s legacy network with a P25 Phase 2 system
  • Includes P25 trunked infrastructure and Symphony™ command center consoles
  • Further expands L3Harris Technologies’ footprint in the Western region

The Utah Communications Authority (UCA) has awarded L3Harris Technologies (NYSE:LHX) a contract to provide an advanced statewide public safety network for multiple agencies and emergency responders in Utah.

UCA is an independent state agency that manages emergency 911 and interagency communications at the state, regional, local and tribal levels across Utah. L3Harris will replace UCA’s legacy radio system with a new end-to-end L3Harris P25 Phase 2 digital network that will double the capacity and increase the range of a decades-old legacy network. The new L3Harris system will support upgraded multiband P25 radios and Symphony™ command center dispatch consoles that together enable multiple mission-critical user groups including law enforcement, public safety, utilities and public works, and other government agencies to more seamlessly communicate via voice and data.

“L3Harris brought new ideas and fresh thinking to the UCA, demonstrating how new technologies can deliver significant benefits in terms of cost, capability and reliability,” said Nino DiCosmo, President, L3Harris Public Safety and Professional Communications. “Our contract with UCA establishes new relationships with the many agencies supported by the UCA and further expands our public safety communications footprint in the State of Utah and the Western region of the United States.”

L3Harris’ planned upgrades to the statewide network will streamline UCA’s access to the nationwide public safety broadband network, supporting their mission to coordinate with the First Responder Network Authority (FirstNet).

“The State of Utah looks forward to bringing L3Harris on board to provide a public safety network for our first responders and agencies," said Utah Governor Gary Herbert. “We are confident this development will make it easier for our public safety professionals to do their jobs well and quickly."

L3Harris Public Safety and Professional Communications is a leading supplier of communications systems and equipment for public safety, federal, utility, commercial and transportation markets. The business has more than 80 years of experience in public safety and professional communications and supports more than 500 systems around the world.

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 19 258 M
EBIT 2020 3 139 M
Net income 2020 2 239 M
Debt 2020 6 159 M
Yield 2020 1,66%
P/E ratio 2020 20,0x
P/E ratio 2021 16,4x
EV / Sales2020 2,56x
EV / Sales2021 2,39x
Capitalization 43 081 M
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Mean consensus BUY
Number of Analysts 17
Average target price 242,31  $
Last Close Price 194,88  $
Spread / Highest target 38,5%
Spread / Average Target 24,3%
Spread / Lowest Target 12,4%
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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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