L3HARRIS TECHNOLOGIES, INC.

(LHX)
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L3Harris Receives DoD's Top Industrial Security Excellence Award for the 18th Consecutive Year

06/23/2022 | 08:07am EDT

Highlights:

  • Earns prestigious DoD Cogswell Award for outstanding Industrial Security Achievement
  • Includes three L3Harris facilities located in Texas, Oklahoma and Ohio
  • Signifies enduring commitment to maintain DoD’s highest security processes and standards

L3Harris Technologies (NYSE:LHX) has received three of the U.S. Department of Defense’s prestigious James S. Cogswell awards for outstanding industrial security performance.

The recognition marks the 18th consecutive year L3Harris has earned at least one award, an unparalleled achievement. DoD recognized these L3Harris locations from among 26 facilities within approximately 12,500 industry-wide cleared ones. The facilities earning the award for establishing and maintaining the highest standards in security procedures and program management are in: Greenville, Texas; Tulsa, Oklahoma; and Cincinnati, Ohio.

“The Cogswell Award recognizes our excellence in governance, proper oversight and our ability to maintain the highest security processes to protect sensitive information,” said Christopher E. Kubasik, Vice Chair and Chief Executive Officer. “This recognition by the DoD is another example of how L3Harris makes security essential in our efforts to support customers with innovative solutions.”

The DoD’s Defense Counterintelligence and Security Agency oversaw the award’s criteria that included principles of industrial security excellence and factors such as establishing and maintaining security programs that far exceed National Industrial Security Program requirements.

“A secure program is a critical business discriminator in our plan complementing stellar performance with on-time schedule and budget to address the warfighter’s needs,” said Vincent Jarvie, Vice President, Chief Security Officer, L3Harris. “Our team did an outstanding job consistently exceeding the DoD’s highest security program requirements – despite operating in an extremely challenging environment.”

The Cogswell award was established in 1966 in honor of the late Air Force Col. James S. Cogswell, who was the first chief of the Unified Office of Industrial Security. Col. Cogswell was responsible for the underlying principle of the Industrial Security Program, which emphasizes the partnership between industry and government to protect classified information. This partnership ensures the greatest protection for the U.S. warfighter and our nation’s classified information.

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 more than $17 billion in annual revenue and 47,000 employees, with customers in more than 100 countries. L3Harris.com.


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Financials (USD)
Sales 2022 17 543 M - -
Net income 2022 2 081 M - -
Net Debt 2022 6 000 M - -
P/E ratio 2022 22,4x
Yield 2022 1,84%
Capitalization 46 915 M 46 915 M -
EV / Sales 2022 3,02x
EV / Sales 2023 2,86x
Nbr of Employees 47 000
Free-Float 99,7%
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Last Close Price 243,24 $
Average target price 278,06 $
Spread / Average Target 14,3%
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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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