|Bid||210.00 x 1000|
|Ask||227.00 x 800|
|Day's Range||217.76 - 223.73|
|52 Week Range||180.24 - 223.73|
|Beta (3Y Monthly)||1.39|
|PE Ratio (TTM)||19.80|
|Earnings Date||Oct 24, 2018 - Oct 29, 2018|
|Forward Dividend & Yield||3.20 (1.63%)|
|1y Target Est||247.23|
Moody's Investors Service has affirmed the Baa3 senior unsecured ratings of both Harris Corporation ("Harris") and L3 Technologies, Inc. ("L3") as well as the P-3 short term rating of Harris, following announcement that the companies will merge in a stock for stock transaction and become L3 Harris Technologies ("L3 Harris" or the "company"). The merger is anticipated around mid-2019.
NEW YORK, Oct. 16, 2018 -- Bragar Eagel & Squire, P.C. is investigating potential claims against the board of directors of L3 Technologies, Inc. (NYSE: LLL) on behalf of.
Increased defense spending is making a larger number of contractors go for mergers so that they have more scale to bid on bigger projects.
NEW YORK, NY / ACCESSWIRE / October 16, 2018 / L3 Technologies and Harris Corporation both saw big gains as Wall Street digested Sunday’s announcement that the two will be merging in the largest defense merger in history. L3 Technologies, Inc. shares closed up 12.84% on nearly 4 million shares traded. The stock hit a new high of $222.64 during intraday trading after it was announced over the weekend that the company has inked a merger deal with Harris Corporation.
L3 Technologies' (LLL) merger with Harris Corp. is expected to generate an Earnings before Interest and Taxes (EBIT) of $2.4 billion and free cash flows of $1.9 billion, for fiscal year 2018.
A New York-based aerospace and defense contractor that has significant operations in Mason has agreed to combine with another company in what would be the largest defense-industry merger in history.
The tech-heavy Nasdaq indexes led losses Monday, while small caps gained after President Donald Trump on Sunday threatened more tariffs on Chinese goods. “We’re not seeing a follow-through on the big recovery we saw on Friday.
Tech stocks and China names hauled stocks lower early Monday, following weak September retail sales data and a key test for the Nasdaq.
Executives with Harris Corp. and L3 Technologies touted their proposed merger of equals Monday as the largest merger in the history of the defense industry and the formation of a company uniquely positioned to support the Pentagon as it embarks on a national defense strategy to restore the U.S. military’s competitive edge. Aerospace and defense industry analyst Loren Thompson sees additional motivations behind the marriage: getting out in front of demand for military hardware reaching its peak, after which point Pentagon funding softens considerably.
Do you own shares of L3 Technologies, Inc. (NYSE: LLL)? Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of L3 Technologies, Inc. (“L3” or the “Company”) (NYSE: LLL) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to merge with Harris Corporation (“Harris”) (NYSE: HRS).
This deal will have L3 Technologies (NYSE:LLL) going through a merger of equals to become a new global leader of defense technology. This will have holders of L3 Technologies stock exchanging them for shares of HRS stock. The exchange rate for L3 Technologies stock holders is 1.30 shares of Harris stock for each share of LLL stock that they own.
NEW YORK , Oct. 15, 2018 /PRNewswire/ -- Rowley Law PLLC is investigating potential claims against L3 Technologies, Inc. (NYSE: LLL) and its board of directors for breach of fiduciary duty concerning the ...
L3 Technologies, a multibillion-dollar defense contractor with deep ties to Dallas-Fort Worth, agreed to a merger with Harris Corp. in a deal that will create a company with annual revenue of $16 billion and 48,000 employees.
L-3 (LLL) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
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Increased defence 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. In August, Trump signed a defence policy bill that authorized $639 billion in military spending such as buying weapons, ships, aircraft and paying troops. "We are in an environment where the economy is pretty strong, we know defence spending is coming up, the 2019 (federal) budget is up 3 percent over 2018, 2018 was up 9 to 10 percent over the prior year," Harris Chief Executive William Brown said in an interview.
The combined company — L3 Harris Technologies Inc. — will create the sixth-largest defense company in the U.S. and a top 10 defense company globally.
NEW YORK-- -- Sales increased 10% to $2.5 billion Diluted earnings per share from continuing operations of $2.54 Adjusted diluted EPS from continuing operations of $2.85 Funded orders increased 16% to $3.2 billion, with a book-to-bill ratio of 1.27x Updated consolidated 2018 financial guidance L3 Technologies, Inc. today reported preliminary diluted earnings per share from continuing operations of ...
Harris Corporation (HRS) and L3 Technologies, Inc. (LLL) have agreed to combine in an all stock merger of equals to create a global defense technology leader, focused on developing differentiated and mission critical solutions for customers around the world. Under the terms of the merger agreement, which was unanimously approved by the boards of directors of both companies, L3 shareholders will receive a fixed exchange ratio of 1.30 shares of Harris common stock for each share of L3 common stock, consistent with the 60-trading day average exchange ratio of the two companies. Upon completion of the merger, Harris shareholders will own approximately 54 percent and L3 shareholders will own approximately 46 percent of the combined company on a fully diluted basis.
A deal, expected to be a merger of equals, could be announced by Monday, the person said. Harris, based in Florida, makes communications and electronics for battlefields, weather reporting and air traffic control. L3, based in New York, makes communications and electronics for the military, aviation, homeland security and others.
Defense communications and electronics companies Harris Corp and L3 Technologies are nearing a deal for an all-stock merger, a person familiar with the matter said on Saturday. A deal, expected to be a merger of equals, could be announced by Monday, the person said. Harris, based in Florida, makes communications and electronics for battlefields, weather reporting and air traffic control.
A veteran-owned company on Florida's Space Coast has secured a piece of one of the biggest defense deals to be awarded in the Sunshine State this year. Titusville-based aircraft design and engineering firm North American Surveillance Systems Inc. was named one of eight firms — and the only locally based one — that will participate in a U.S. Army work agreement valued at $25.5 billion, according to an Oct. 11 report from the U.S. Department of Defense.