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L3HARRIS TECHNOLOGIES, INC.

(LHX)
  Report
Delayed Nyse  -  04:00 2022-12-02 pm EST
230.00 USD   +2.05%
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L3HARRIS NEXT-GENERATION WESCAM MX LAND SIGHTS TO HELP US ARMY SOLDIERS SPOT MANNED AND UNMANNED THREATS SOONER

10/05/2022 | 08:06am EST

MELBOURNE - L3Harris Technologies (NYSE: LHX) is providing 57 WESCAM MX-GCS sighting systems to help U.S. Army soldiers spot manned and unmanned threats sooner than ever before possible.

This is the second delivery order to Moog Inc. in support of the U.S. Army's Maneuver Short-Range Air Defense (M-SHORAD) Increment 1 program. Deliveries began mid 2022.

The WESCAM MX-GCS is a fully digital above-armor sighting system. Integrated onto Moog's Reconfigurable Integrated-weapons Platform turret, the WESCAM MX-GCS delivers situational awareness beyond the range of the vehicle's primary direct fire weapon and provides next-generation sensing and target identification capabilities required to counter manned and unmanned airborne threats.

'This second M-SHORAD award reinforces our trusted partnership with Moog and the U.S. Army across the land domain,' said Sean Stackley, President, Integrated Mission Systems, L3Harris. 'Providing our soldiers with time-sensitive situational awareness is critical. The WESCAM MX-GCS delivers the capabilities required to assess and engage threats and targets with efficiency and accuracy.'

L3Harris has delivered more than 1,200 WESCAM MX airborne and land-based systems since 1996 in support of U.S. Army programs.

Highlights

Second delivery order will bring 57 new sighting systems to front-line units

Reaffirms demand for WESCAM MX target identification capabilities in land modernization programs

Secures L3Harris position on major land domain platform to deliver crucial situational awareness

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 space, air, land, sea and cyber domains. L3Harris has approximately $18 billion in annual revenue and 47,000 employees, with customers in more than 100 countries.

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 the value or expected value of orders, contracts or programs or about system or technology capabilities or priorities 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.

Contact:

Marcella Thompson

Tel: 214-430-8872

Email: Marcella.Thompson@L3Harris.com

(C) 2022 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2022 16 825 M - -
Net income 2022 1 136 M - -
Net Debt 2022 6 378 M - -
P/E ratio 2022 39,1x
Yield 2022 2,00%
Capitalization 43 793 M 43 793 M -
EV / Sales 2022 2,98x
EV / Sales 2023 2,86x
Nbr of Employees 47 000
Free-Float 99,5%
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Mean consensus OUTPERFORM
Number of Analysts 20
Last Close Price 230,00 $
Average target price 271,56 $
Spread / Average Target 18,1%
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Managers and Directors
Christopher Eugene Kubasik Chairman & Chief Executive Officer
Michelle L. Turner Chief Financial Officer & Senior Vice President
Ross Niebergall Chief Technology Officer & Vice President
Jacqueline Nevils Chief Information Officer & Vice President
Byron Green Vice President-Global Operations
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