LHX changes
Pick any two versions below to diff them.
- Price
- $277.61 → $276.59(−0.4%)
- Recent events
- added: Nov 2, 2026: L3Harris sold $1.0 billion of notes: $500 million of 5.200% notes due 2029 and $500 million of 5.400% notes due 2032. The sale closed on November 5, 2026. L3Harris plans to use the money to repay the $550 million of 3.85% notes due December 15, 2026 and, with cash on hand, part of its 5.40% notes due January 15, 2027. Oct 29, 2026: L3Harris reported Q3 2026 results. Revenue rose 7% to $6.1 billion, with 9% organic growth, and diluted EPS rose 33% to $3.28. Free cash flow was $1.3 billion. Orders were $19.3 billion, a book-to-bill of 3.2, mostly from seven-year propulsion contracts for THAAD ($6.3 billion) and PAC-3 ($4.7 billion), and backlog reached a record $53.2 billion. L3Harris raised its 2026 revenue guidance to $23.5 billion to $23.7 billion and its EPS guidance to $12.25 to $12.35, and kept free cash flow guidance at $3.0 billion. It opened its solid rocket motor plant in Camden, Arkansas in October 2026. Oct 19, 2026: The US Navy gave L3Harris an undefinitized contract change of about $876 million for the next engineering and manufacturing development phase of the Next Generation Jammer Low Band program, on a faster schedule. Oct 13, 2026: L3Harris and Divergent signed a teaming agreement to increase production of low-cost munitions. L3Harris also delivered its first VAMPIRE counter-drone systems to the US Army. Oct 12, 2026: L3Harris received a $250 million follow-on contract from Lockheed Martin for GMLRS rocket motors, the largest quantity in the program's history. It will build them in a new solid rocket motor plant in Camden, Arkansas, which it plans to open later in 2026. Sep 29, 2026: L3Harris received an undefinitized contract from Lockheed Martin, valued at more than $6 billion over seven years, to expand propulsion production for the THAAD missile defense system. The award follows a framework agreement with the Department of War to quadruple THAAD propulsion production. Aug 17, 2026: The Board appointed Sam Mehta as President and CEO and Lewis Hay III as Independent Chairman. Christopher Kubasik left as Chairman and CEO after the Board found conduct that was not consistent with the company's Code of Conduct. The company said that the conduct was not related to financial reporting or operations, and it reaffirmed its 2026 guidance. Jul 29, 2026: L3Harris reported Q2 2026 results. Revenue rose 8% to $5.9 billion, diluted EPS rose 28% to $3.13, and free cash flow was $771 million. Orders were $7.3 billion, a book-to-bill of 1.2, and backlog reached a record $42 billion. L3Harris raised its 2026 revenue guidance to $23.2 billion to $23.7 billion and its EPS guidance to $11.80 to $12.00. Apr 17, 2026: L3Harris agreed to sell redeemable convertible preferred stock in Aerojet Rocketdyne, its Missile Solutions business, to the Department of War, with warrants, for net proceeds of $973 million. The money pays for more missile production capacity. The preferred stock converts into shares of AXYV, a new subsidiary, at an IPO by December 31, 2027; otherwise it can be redeemed with a 7% yearly dividend.