|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||244.01 - 248.74|
|52 Week Range||158.76 - 260.48|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||19.16|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Rating Action: Moody's withdraws all ratings for L3 Technologies following completion of merger with Harris Corp. New York, July 09, 2019 -- Moody's Investors Service ("Moody's") has withdrawn all ratings for L3 Technologies, Inc. ("L3") following L3's merger with Harris Corporation (Harris Corporation was subsequently renamed L3Harris Technologies, Inc.) The merger closed as was expected when Baa3 ratings were assigned to the senior unsecured exchange notes of L3Harris Technologies (see press release dated May 30, 2019 at https://www.moodys.com/research/Moodys-rates-senior-unsecured-exchange-notes-of-L3Harris-Technologies--PR_401832).
Army officials issued special notice Wednesday detailing the service’s intent to use an Other Transaction Authority to build up to two new electronic intelligence planes under its EMARSS program.
In this edition of DFW Defense, we break down the significant deals awarded to companies with ties to North Texas in June.
The latest domino in the rapidly evolving defense industry fell this week and Dallas-Fort Worth will be impacted. The merger between L3 Technologies and Harris closed Monday creating L3Harris Technologies (NYSE: LHX), the sixth-largest defense contractor in the nation with approximately $17 billion in annual sales. The merger brings together L3, which had a major presence in North Texas with 8,000 employees locally, and Harris, which had none.
Nine months after the two companies detailed plans to create the sixth-largest aerospace and defense contractor, the newly formed L3Harris Technologies hit the market.
To determine where we've made progress — and where we still need work — we decided to dive into what's happened in the past half-decade.
L3 Technologies' (LLL) Micreo acquisition played a key role in winning the latest deal pertaining to the submarine photonics mast programs.
Stock investors concerned about market turmoil ahead may consider taking a look at seven stocks that could outperform as U.S. defense spending balloons. Aerospace and defense stocks as a group have already beaten the broader market this year, illustrated by the more than 30% gain of the SPDR Aerospace & Defense ETF (XAR) in 2019, as noted in a detailed story in the Wall Street Journal.
Aerojet Rocketdyne Coleman Aerospace Inc., an Orlando-based subsidiary of El Segundo, California-based Aerojet Rocketdyne Holdings Inc. (NYSE: AJRD), won a $140 million-plus modification to an existing deal with the U.S. Missile Defense Agency, according to the U.S. Department of Defense. Aerojet Rocketdyne Coleman Aerospace is a defense industry systems engineering developer that provides a variety of suborbital launch vehicles, payloads, and launch services and specializes in missile formation. As part of the modified deal, Aerojet Rocketdyne Coleman Aerospace will provide six additional medium-range ballistic missile targets.
Raytheon is one of the largest employers in North Texas. How will its mega-merger with United Technologies affect its North Texas base?
Post completion, Harris (HRS) and L3 Technologies (LLL) shareholders will own approximately 54% and 46%, respectively, of the combined company - L3 Harris Technologies, Inc.
Military communication equipment provider Harris Corp has won European Union approval for the acquisition of L3 Technologies Inc, on the condition that Harris sells its night vision global business, the EU Commission said on Friday. The EU antitrust regulator found that the merger would have reduced competition in the European markets for image intensification night vision devices and image intensification tubes. Harris offered to sell its night vision business before completing the deal, and the Commission accepted the remedy, Brussels said in a statement.
Military communication equipment providers Harris Corp and L3 Technologies Inc have won U.S. antitrust approval for their merger, the Justice Department said on Thursday. Increased defense spending under U.S. President Donald Trump and the Republican-led Congress is driving contractors to pursue mergers so they have more scale to bid on bigger projects, spanning everything from upgrading computer systems to space exploration. The government required that the companies sell Harris' night vision business to win approval for the proposed transaction.
The Boeing Company's (BA) current forecast through 2028 has been made keeping in mind the U.S. government's ongoing efforts in modernizing various military platforms and systems.
Insider Monkey finished processing more than 738 13F filings submitted by hedge funds and prominent investors. These filings show these funds' portfolio positions as of March 31st, 2019. What do these smart investors think about L-3 Technologies, Inc. (NYSE:LLL)? L-3 Technologies, Inc. (NYSE:LLL) was in 28 hedge funds' portfolios at the end of March. LLL […]
L3 Technologies Inc NYSE:LLLView full report here! Summary * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is extremely low for LLL with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting LLL. Money flowETF/Index ownership | NegativeETF activity is negative but appears to be improving. Over the last one-month, outflows of investor capital in ETFs holding LLL totaled $3.24 billion. However, outflows appear to be slowing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Industrialsis falling. The rate of decline is very significant relative to the trend shown over the past year, and is accelerating. The rate of contraction may ease in the coming months, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
L3 Technologies (LLL) will engage in engineering and manufacturing development through production along with extending training and logistics requirements.
L-3 (LLL) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Moody's Investors Service assigned Baa3 ratings to the proposed $3.35 billion issuance of senior unsecured exchange notes by Harris Corporation ("Harris") on offer to existing noteholders of L3 Technologies, Inc. ("L3"). The existing Baa3 senior unsecured ratings and stable outlooks for both Harris and L3, as well as the P-3 short term rating for Harris, are unaffected.