225.98 0.00 (0.00%)
After hours: 4:49PM EST
|Bid||226.91 x 1000|
|Ask||226.78 x 800|
|Day's Range||225.51 - 229.71|
|52 Week Range||156.90 - 230.99|
|Beta (5Y Monthly)||0.75|
|PE Ratio (TTM)||30.74|
|Earnings Date||Apr 28, 2020 - May 03, 2020|
|Forward Dividend & Yield||3.00 (1.31%)|
|Ex-Dividend Date||Nov 20, 2019|
|1y Target Est||257.00|
L3Harris Technologies’ (NYSE:LHX) Chairman and CEO William M. Brown will speak at the Barclays Industrial Select Conference in Miami, Florida on Wednesday, February 19, 2020.
L3Harris Technologies (NYSE:LHX) employees around the world are celebrating National Engineers Week (EWeek) by participating in more than 100 events, across more than 50 locations, focused on innovation and engaging the next generation of innovators.
When tensions arise between nations, markets get rattled but one sector often holds up amid the saber-rattling. For those of us anticipating more posturing, recriminations and other breaches of the peace, a position in defense stocks might be as reliable a wager as any.To help you pick the best of the best defense stocks, I'll present to you a selection of U.S.-focused large-cap companies that provide not only a dividend while you wait for a crisis to erupt, but strong potential for upside when turmoil arises.Notably absent from this list of defense stocks to consider will be Boeing (NYSE:BA), which just announced that it received zero plane orders in January. This is not a good sign, so I'll be looking elsewhere for my defense-sector picks today.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Strong Lottery Ticket Stocks That Could Soar in 2020 Without further ado, let's go on the offensive with three defense stocks to consider adding to your holdings. Defense Stocks to Buy: Lockheed Martin (LMT)Source: Ken Wolter / Shutterstock.com When Boeing just won't do, Lockheed Martin (NYSE:LMT) will do just fine.In fact, I would assert that it's the better buy at the moment. A respectable 2.18% annual dividend payout and a price-to-earnings ratio of 19.89 add up to a perfectly reasonable buy-and-hold, even when geopolitical tensions aren't running hot.In contrast to the dismal news for Boeing, Lockheed Martin just landed a sweet $347 million deal with the U.S. Navy to ramp up a defense program in Orlando. Lockheed has something akin to a love affair going on with Orlando, it seems, as the company intends to employ 9,000 workers in the vicinity by 2023 and just shipped its third GPS III satellite to Cape Canaveral. Evidently the home of Disneyland is also the epicenter of Lockheed's business activity, which is fine with me, as long as they're making money. Northrop Grumman (NOC)Source: Shutterstock Rising tensions mean that it's time to get bullish on firms with Pentagon connections, and Northrop Grumman (NYSE:NOC) fits squarely into that category. In fact, this company participates in Pentagon contracts involving the F-35 stealth fighter and the world-famous B-21 stealth bomber, and Northrop is seeking to add more Pentagon deals to its fiscal arsenal.There's a Lockheed connection here, as Northrop Grumman serves as a subcontractor on Lockheed Martin's powerful F-35 fighter aircraft model. Not only that, but Northrop also produces the Global Hawk drone and enhanced its market footprint in the space race in 2018 when the company acquired Orbital ATK. * 7 Exciting Stocks to Buy for Aggressive Investors These plum deals, coupled with a 1.43% annualized dividend yield, should place NOC front-and-center in any well-rounded defense-niche portfolio. L3Harris Technologies (LHX)Source: Shutterstock This final pick might have a funny name, but L3Harris Technologies (NYSE:LHX) is serious business with a 1.32% annual dividend yield and a multimillion-dollar contract with the U.S. Air Force to develop an artificial-intelligence (AI) software platform. Since AI is the latest frontier in defense technology, L3Harris is in the right place at the right time to capitalize on America's need to compete with other nations in this area.The partnership with the Air Force might not end there, however, as L3Harris recently passed the preliminary design review phase as the company seeks the opportunity to develop the Navigation Technology Satellite-3 (NTS-3) program. As L3Harris Space and Airborne Systems President explains:"We have moved from contract award to finishing an early design review in under one year, which is an amazing accomplishment for a satellite development program that normally takes twice that amount of time … We have proven we can move quickly to support the Air Force's go-fast mission requirements."Given these exciting developments, I wouldn't be at all surprised if LHX stock has a "go-fast" moment as the defense sector gears up for a potentially turbulent -- and lucrative -- 2020.As of this writing, David Moadel did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Exciting Stocks to Buy for Aggressive Investors * 20 Stocks to Buy From the Law of Accelerating Returns * 7 U.S. Stocks to Buy on Coronavirus Weakness The post 3 Defense Stocks for Geopolitical Turmoil appeared first on InvestorPlace.
The Air Force Life Cycle Management Center has awarded L3Harris Technologies (NYSE:LHX) a multimillion-dollar contract to develop a software platform that will make it easier for analysts to use artificial intelligence (AI) to identify objects in large data sets.
Some of Brevard County's top small businesses were started by tech workers who left the defense industry for a different kind of career.
Lockheed Martin Corp. secured a $347 million modification to a U.S. Navy contract with local work, the Department of Defense announced Feb. 7. The contract is for the procurement of long lead materials that will enable Lockheed to stay on track for the delivery of 43 F-35 aircraft. Ten percent of the work will happen in Orlando, and it’s expected to wrap up in December 2023.
A Space Coast company was one of 40 awarded work as part of a $982 million U.S. Navy contract, the Department of Defense announced Feb. 5. Melbourne-based Reliable System Services Corp. will perform work for the Navy’s Unmanned Surface Vehicle Family of Systems, which is a program that produces autonomous boats used by the military branch. The Department of Defense did not specify how much of the work will be performed by Reliable System Services.
The $1 billion acquisition, the third buy in six months, pivots the company toward revenue streams that have been drawing more and more customer interest.
L3Harris Technologies (NYSE:LHX) has reached a major milestone in the U.S. Air Force’s Navigation Technology Satellite-3 (NTS-3) project.
Tuesday's $1 billion sale of L3Harris' airport security business is likely the first salvo in a plan to shave 8% to 10% of revenue in divestitures, its CEO said.
Defense stocks and Lockheed Martin F-35 suppliers L3Harris Technologies and TransDigm both reported better-than-expected quarterly earnings Tuesday.
Tesla dominated the Nasdaq, China and chip stocks rebounded and Disney lifted the Dow Jones today ahead of its afterhours report.
American Airlines made a rare appearance in DFW Defense, a Dallas Business Journal feature that highlights companies with North Texas ties that recently received money from the U.S. Department of Defense.
Futures rose as coronavirus fears faded. Stocks rallied Monday while Tesla surged 20%, well beyond moving averages. Google fell on revenue. Apple supplier Lumentum and TransDigm topped.
When investors have a strong view on a company’s upcoming trajectory going into an earnings report, any deviation from expectations can mean a sharp move in a stock’s price.
Leidos Holdings Inc. (NYSE LDOS) will acquire the security detection and automation businesses of newly formed L3Harris Technologies (NYSE: LHX) in a deal worth $1 billion. The deal will mean Leidos buys L3Harris’ Security & Detection Systems, based in Tewksbury, Massachusetts, and MacDonald Humfrey Automation, based in Luton, England. Together, the businesses provide screening products, including people scanners, checkpoint CT scanners and automated tray return systems and other industrial automated products for systems located in airports, other transportation centers, government and critical infrastructure points in more than 100 countries.
NEW YORK, NY / ACCESSWIRE / February 4, 2020 / L3Harris Technologies Inc. (NYSE:LHX) will be discussing their earnings results in their 2020 Second Quarter Earnings to be held on February 4, 2020 at 8:30 ...
L3Harris Technologies, Inc. (NYSE:LHX) reported fourth quarter 2019 revenue of $4.8 billion, up 10% compared with prior-year combined revenue. GAAP earnings per diluted share (EPS) from continuing operations decreased 6% to $1.77, and non-GAAP EPS2 increased 28% versus prior-year combined EPS to $2.85. Net income increased 77% to $399 million, and adjusted earnings before interest and taxes (EBIT)2 increased 28% versus prior-year combined EBIT2 to $835 million, with margin expansion of 240 basis points (bps) to 17.3%.
L3Harris Technologies (NYSE:LHX) today announced the signing of a definitive agreement under which Leidos (NYSE:LDOS) will acquire L3Harris’ airport security and automation business for $1 billion in cash. The transaction is expected to close in mid-2020 and is conditioned on customary closing conditions, including receipt of regulatory approvals.
Leidos Holdings, Inc. (NYSE: LDOS) ("Leidos"), a FORTUNE® 500 science and technology leader, today announced that it has entered into a definitive agreement to acquire L3Harris Technologies' (NYSE: LHX) ("L3Harris") Security Detection and Automation businesses, for $1 billion in cash. The Boards of Directors of both companies unanimously approved the transaction.
Liberty Defense Enters into Letter of Intent with DrawDown Detection for a Proposed Merger Transaction
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...