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L3Harris to install second and third increments of USWTR for US Navy

L3Harris to install second and third increments of USWTR for US Navy
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L3Harris Technologies Inc (LHX) Q1 2021 Earnings Call Transcript

L3Harris Technologies Inc (LHX) Q1 2021 Earnings Call Transcript Motley Fool Transcribers © The Motley Fool Logo of jester cap with thought bubble. L3Harris Technologies Inc (NYSE: LHX) Popular Searches Operator Greetings, and welcome to the L3Harris Technologies First Quarter Calendar Year 2021 Earnings Call. [Operator Instructions] It is now my pleasure to introduce your host, Rajeev Lalwani, Vice President, Investor Relations. Thank you. You may begin.SPONSORED: 10 stocks we like better than L3Harris Technologies When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade,

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L3Harris Reports Fourth Quarter and 2020 Results; Initiates 2021 Guidance

Fourth quarter revenue decreased 3.6% versus prior year primarily due to divestitures and COVID-related impacts, mainly for commercial-related sales. Organic revenue was flat for the quarter as 3.7% growth in core U.S. and international businesses, excluding commercial aviation and Public Safety, was offset by the anticipated COVID-related decline. At the segment level, revenue growth was driven by Space and Airborne Systems and Communication Systems, offset by a decline in Aviation Systems primarily due to COVID-related impacts. Funded book-to-bill was 0.93 for the quarter. Fourth quarter GAAP EPS decreased 48% versus prior year primarily due to charges for the impairment of intangibles, goodwill and other assets related to the commercial aviation business and other COVID-related impacts. These charges and other impacts were partially offset by operational excellence, integration benefits, cost management, a decrease in integration costs and a lower share count. Non-GAAP EPS in

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Local Navy Contract Awards; December 08-December 30, 2020

Local Navy Contract Awards; December 08-December 30, 2020 Search December 31, 2020 WASHINGTON (Dec. 31, 2020) The U.S. Department of Defense recently announced the following contract awards that pertain to local Navy activities. Contracts For Dec. 8, 2020 L3 Technologies Inc., Salt Lake City, Utah, is awarded a $15,399,324 modification (P00025) to previously awarded firm-fixed-price contract N00019-18-C-1030. This modification exercises an option to procure 12 AN/SRQ-4 kits and associated components for the MH-60 Common Data Link system. Work will be performed in Salt Lake City, Utah, and is expected to be completed in February 2023. Fiscal 2021 other procurement (Navy) funds in the amount of $15,399,324 will be obligated at time of award, none of which will expire at the end of the fiscal year. The

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L3Harris secures contract for new low-band jammer work

By Greg Waldron2020-12-23T09:12:00+00:00 L3Harris has secured a $496 million engineering and manufacturing development (EMD) contract for further work on the Next Generation Jammer Low Band (NGJ-LB) project for the US Navy (USN). The contract, awarded on 18 December, calls for the company to complete the design and manufacture eight operational prototype pods and four test pods for airworthiness and functionality evaluation aboard the Boeing EA-18G Growler electronic warfare aircraft. Source: US Navy Next Generation Jammer Low Band demonstration unit has already undergone some testing by the US Navy “NGJ-LB is the next step in the evolution of airborne electronic attack that is needed to meet current and emerging electronic warfare gaps,” says Rear Admiral Shane Gahagan, programme executive officer, tactical aircraft programmes for the USN.

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