L3Harris Technologies is a leading global aerospace and defense technology company that specializes in providing advanced communication and electronic systems, software, and services to government and commercial customers
The company combines cutting-edge technologies with deep industry expertise to deliver solutions in areas such as satellite communications, tactical communications, public safety, and electronic warfare. L3Harris focuses on innovation and integration, leveraging its extensive portfolio to meet the complex needs of military, intelligence, and civilian applications, enabling enhanced operational capabilities and ensuring safety and security across various sectors.
Shield AI has secured $240 million in funding, boosting its valuation to $5.3 billion. The investment, backed by major players like L3Harris Technologies and Hanwha Aerospace, will advance the development of Hivemind Enterprise, an autonomy software suite designed to accelerate the creation of intelligent machines, including unmanned systems capable of operating in GPS-denied environments.
PALM BEACH, Fla. , March 06, 2025 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - Shifting governmental policies are benefiting U.S. Drone Manufactures. AUVSI, an industry insider reported: “Programs focused on U.S.-made drone acquisition incentives, specifically grants, would signal to investors the market opportunity for U.S. drones, stimulating investment into U.S. drone and component manufacturing. According to a 2019 survey by Droneresponders, 92% of first responders in the U.S. are using drones made by China. This is a direct consequence of China subsidizing the drones, driving down costs, and a program to donate DJI drones to first responders. The Droneresponders survey also noted that 88% of first responder agencies would prefer to use U.S. drones; however, cost is a major factor in being able to transition away from the subsidized Chinese drones to market-based U.S. drones. U.S. Department of Transportation (DOT) programs that enable the use of drones for infrastructure inspection, such as the Every Day Counts (EDC) program, should incentivize the use of U.S. manufactured drones. It said that Congress should enact a new program designed to help industrial inspection companies engaged in critical infrastructure inspection transition from using Chinese drones to U.S.-made programs, which could reflect, in part, the Supply Chain Reimbursement Program as mentioned above for first responders.” Active Companies in the drone industry today include ZenaTech, Inc. (NASDAQZENA), Red Cat Holdings, Inc. NASDAQ: RCATNASDAQRCAT)(NYSE: UAVSNYSEUAVS, L3Harris Technologies (NYSE: LHXNYSE), Unusual Machines (NYSE: UMACUMAC).
Starlink could be a big winner under the new White House administration. Elon Musk's relationship with Donald Trump could create conflict of interests for new deals.
The Board of Directors of L3Harris Technologies (NYSELHX) has approved an increase in the company’s per share quarterly cash dividend rate from $1.16 to $1.20.
Over 20 civil service employees resigned from Elon Musk-associated DOGE, opposing efforts to dismantle critical public services under Trump's administration.
European defense stocks surge while American counterparts struggle due to Trump's calls for Europe to shoulder security burden and Pentagon budget cuts.
L3Harris Technologies (NYSELHX) marked the beginning of construction on four new solid rocket motor production facilities at the company’s Camden site, hosting Department of Defense officials, industry customers and state and local dignitaries at a ceremony today.
L3Harris Technologies (NYSELHX) Chair and CEO Christopher E. Kubasik and Chief Financial Officer and Aerojet Rocketdyne President Ken Bedingfield will present at Barclays 42nd Annual Industrial Conference at 8:05 a.m. ET on Thursday, Feb. 20, in Miami. The livestream will be accessible via the L3Harris website, and a recording will be available following the event.
PALM BEACH, Fla., Feb. 13, 2025 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - The surge in global defense budgets has had a significant impact on the Global Military Drone Market. As political tensions rise worldwide, nations are investing in cutting-edge unmanned aerial systems (UAS) to bolster their defense and security capabilities. Increased defense expenditure has allowed countries like the United States, China, and other NATO members to allocate substantial funds to advanced drone programs, enhancing surveillance, supporting combat missions, and improving autonomous drone features. A recent report from an industry expert said that: “The growing demand for real-time intelligence in dynamic, complex military environments has significantly increased the need for sophisticated drones equipped with advanced surveillance and reconnaissance capabilities. Military drones are now integrated with cutting-edge technologies such as high-resolution cameras, infrared sensors, and other advanced systems that enhance situational awareness for both tactical operations and comprehensive intelligence gathering. For instance, the Northrop Grumman RQ-4 Global Hawk is capable of surveying over 40,000 square miles in a single day, providing extensive monitoring of large areas. This level of surveillance is invaluable for sustained military operations in regions like Ukraine and other conflict zones, where real-time intelligence is crucial for strategic decision-making and operational effectiveness.” Active Companies in the markets today include ZenaTech, Inc. (NASDAQZENA), AeroVironment NASDAQ: AVAVNASDAQAVAV)(NASDAQ: KTOSNASDAQKTOS, L3Harris Technologies (NYSE: LHXNYSE), Unusual Machines (NYSE: UMACUMAC).
L3Harris Technologies (NYSELHX) has introduced AMORPHOUS™, its new software that features a single user interface to operate thousands of autonomous assets simultaneously. Designed with an open architecture, this software enables the United States and allied militaries to control a mix of uncrewed platforms, payloads and systems, even if another manufacturer produces them.
The L3Harris Technologies (NYSELHX) all-digital electronic warfare (EW) suite, Viper Shield™, has completed its first flight in a single-seat Block 70 F-16 operated by the 412th Test Wing at Edwards Air Force Base, California.
