Latest news with #L3HarrisTechnologies
Yahoo
8 hours ago
- Business
- Yahoo
LHX- A "Triple Beat" Earnings Play in the Defense Sector
While equity markets have staged a strong rebound from the April bottom, earnings estimates look to have just begun forming a bottom as the Q2 2025 earnings season unfolds. Meanwhile, L3Harris Technologies Inc. (LHX) delivered a triple play (beat, beat, raise) this quarter, observes Nancy Tengler, CIO at Laffer Tengler Investments. To get more articles and chart analysis from MoneyShow, subscribe to our .) The question we ask ourselves every day is 'What are we missing? Where is the puck going?' because that is where we want to be focused. Though we remain bullish on technology and the AI revolution, we are also always scanning the horizon for new opportunities. (Editor's Note: Nancy will be speaking at the 2025 MoneyShow Masters Symposium Sarasota, scheduled for Dec. 1-3. Click HERE to register.) In our previous bulletin, we highlighted the equity market price and fundamental resilience over the past 12 months amid significant structural changes, including shifts in monetary policy, political regimes, foreign trade policies, and a technological revolution. Shifting our focus to the latter half of 2025 and where equity prices could go, a key question emerges as to the trajectory of fundamentals: Have the downward revisions in S&P 500 EPS estimates reached a bottom, signaling the onset of stabilization, or even an upward inflection? L3Harris Technologies Inc. (LHX) At LHX, revenues were up 2% year-on-year (+6% organically), driven by higher volumes, new program ramps, and increased international demand. This looks to be the inflection point we've been waiting for. See also: NJR: A Higher-Yielding Nat Gas Utility Stock The company is well ahead of its cost savings goals. There is strong demand across the portfolio. And management confirmed that negative Estimates At Completion (EACs) are through. Moreover, with increased international defense spending, the company is finding that it is replacing many indigenous players – a trend we expect will continue. Recommended Action: Buy LHX. More From With Services Flat-Lining, Can the Economy Hold Up? EXK: Why the Silver Miner is Primed to Catch Up to its Peers Market Minute 8/8/25: Gold Flirts with Fresh Highs Amid Tariff Turmoil Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
Startup Anduril becomes third U.S. SRM supplier amid rising defense demand
(Reuters) -Defense technology startup Anduril Industries said on Tuesday it has become the third supplier of solid rocket motors (SRMs) to the United States, breaking a decades-long duopoly and addressing a critical bottleneck in missile production as global conflicts drive up demand. Rising geopolitical tensions — including the Russia-Ukraine war and ongoing conflicts in the Middle East — have fueled a global surge in demand for munitions, prompting militaries to replenish and expand their stockpiles. Until now, only L3Harris Technologies and Northrop Grumman have manufactured SRMs at scale in the U.S. Anduril said it has opened a full-rate SRM manufacturing facility in McHenry, Mississippi, which now employs more than 100 workers, up from 40 in early 2024. The company has already test-fired over 700 motors and aims to produce 6,000 tactical motors annually by the end of 2026. The $75 million site incorporates automation and digital systems to streamline rocket motor production, a process the company says has seen minimal innovation over the years. The company is using a bladeless high-speed mixer and a custom aluminum-lithium fuel blend, it claims can improve missile range by up to 40%. Anduril, best known for its autonomous drones and AI-driven defense systems, was recently selected by the U.S. Army to develop a new 4.75-inch SRM for long-range precision artillery. In June, Anduril had raised $2.5 billion, giving it a valuation of $30.5 billion. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
5 days ago
- Automotive
- Reuters
Startup Anduril becomes third U.S. SRM supplier amid rising defense demand
Aug 5 (Reuters) - Defense technology startup Anduril Industries said on Tuesday it has become the third supplier of solid rocket motors (SRMs) to the United States, breaking a decades-long duopoly and addressing a critical bottleneck in missile production as global conflicts drive up demand. Rising geopolitical tensions — including the Russia-Ukraine war and ongoing conflicts in the Middle East — have fueled a global surge in demand for munitions, prompting militaries to replenish and expand their stockpiles. Until now, only L3Harris Technologies (LHX.N), opens new tab and Northrop Grumman (NOC.N), opens new tab have manufactured SRMs at scale in the U.S. Anduril said it has opened a full-rate SRM manufacturing facility in McHenry, Mississippi, which now employs more than 100 workers, up from 40 in early 2024. The company has already test-fired over 700 motors and aims to produce 6,000 tactical motors annually by the end of 2026. The $75 million site incorporates automation and digital systems to streamline rocket motor production, a process the company says has seen minimal innovation over the years. The company is using a bladeless high-speed mixer and a custom aluminum-lithium fuel blend, it claims can improve missile range by up to 40%. Anduril, best known for its autonomous drones and AI-driven defense systems, was recently selected by the U.S. Army to develop a new 4.75-inch SRM for long-range precision artillery. In June, Anduril had raised $2.5 billion, giving it a valuation of $30.5 billion.
Yahoo
5 days ago
- Business
- Yahoo
Startup Anduril becomes third U.S. SRM supplier amid rising defense demand
(Reuters) -Defense technology startup Anduril Industries said on Tuesday it has become the third supplier of solid rocket motors (SRMs) to the United States, breaking a decades-long duopoly and addressing a critical bottleneck in missile production as global conflicts drive up demand. Rising geopolitical tensions — including the Russia-Ukraine war and ongoing conflicts in the Middle East — have fueled a global surge in demand for munitions, prompting militaries to replenish and expand their stockpiles. Until now, only L3Harris Technologies and Northrop Grumman have manufactured SRMs at scale in the U.S. Anduril said it has opened a full-rate SRM manufacturing facility in McHenry, Mississippi, which now employs more than 100 workers, up from 40 in early 2024. The company has already test-fired over 700 motors and aims to produce 6,000 tactical motors annually by the end of 2026. The $75 million site incorporates automation and digital systems to streamline rocket motor production, a process the company says has seen minimal innovation over the years. The company is using a bladeless high-speed mixer and a custom aluminum-lithium fuel blend, it claims can improve missile range by up to 40%. Anduril, best known for its autonomous drones and AI-driven defense systems, was recently selected by the U.S. Army to develop a new 4.75-inch SRM for long-range precision artillery. In June, Anduril had raised $2.5 billion, giving it a valuation of $30.5 billion. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Globe and Mail
01-08-2025
- Business
- Globe and Mail
Joby Collaborates With L3Harris to Pursue Defense Applications for Autonomous Hybrid VTOL Aircraft
Joby Aviation, Inc. (NYSE: JOBY) and L3Harris Technologies (NYSE: LHX) today announced they are exploring opportunities to develop a new aircraft class for defense applications. The gas turbine hybrid vertical take-off and landing (VTOL) aircraft is designed for low-altitude missions and offers the versatility of being optionally piloted, enabling both crewed and fully autonomous operations. This press release features multimedia. View the full release here: The collaboration leverages Joby's existing commercial aircraft development program and leading manufacturing capabilities, combined with L3Harris' proven expertise on platform missionization including sensors, effectors, communication and collaborative autonomy. Flight testing is expected to start this fall with the companies planning to perform operational demonstrations during government exercises in 2026. 'The next-generation of vertical lift technology enables long-range, crewed-uncrewed teaming for a range of missions,' said Jon Rambeau, President, Integrated Mission Systems, L3Harris. 'We share a vision with Joby to deliver urgently-required innovation by missionizing VTOL aircraft for defense needs.' JoeBen Bevirt, founder and CEO, Joby Aviation, added: 'We have worked closely with the Department of Defense over the past decade to give them a front row seat to the development of our dual-purpose technologies, and we're now ready to demonstrate and deploy it. Our country depends on companies like ours moving at pace, and we have the team, the technology and the platform to do just that.' Joby is actively developing a gas turbine hybrid powertrain for its current S4 aircraft platform and has demonstrated aircraft-level autonomy following its acquisition of the autonomy division of Xwing in June 2024. It has previously demonstrated under government contract that its platform can be hybridized to deliver longer-ranges, showcasing an industry-first 561 mile hydrogen-electric hybrid flight in June 2024. About Joby Joby Aviation, Inc. (NYSE:JOBY) is a California-based transportation company developing an all-electric, vertical take-off and landing air taxi. Joby intends to both operate its fast, quiet, and convenient air taxi service in cities around the world and sell its aircraft to other operators and partners. To learn more, visit About L3Harris Technologies L3Harris Technologies is the Trusted Disruptor in the defense industry. With customers' mission-critical needs always in mind, our employees deliver end-to-end technology solutions connecting the space, air, land, sea and cyber domains in the interest of national security. Visit for more information. Forward Looking Statements This release contains 'forward-looking statements' within the meaning of the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding the development and performance of Joby's aircraft and L3Harris' missionization capabilities, including the potential applications for a gas turbine hybrid VTOL aircraft and related autonomous capabilities; each of Joby's and L3Harris' business plan, objectives, goals and market opportunity; plans for, and potential benefits of, our respective strategic partnerships; and our current expectations relating to our respective businesses, financial condition, results of operations, and prospects. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as 'anticipate', 'estimate', 'expect', 'project', 'plan', 'intend', 'believe', 'may', 'will', 'should', 'can have', 'likely' and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events. All forward looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including: the ability to produce aircraft that meet performance expectations in the volumes and on the timelines that Joby projects; L3Harris' ability to missionize aircraft as required government customers and to accurately project the cost and timelines for such missionization; the ability to secure additional contracts with the Department of Defense or other U.S. governmental agencies cannot be guaranteed; the competitive environment in which Joby and L3Harris operate; Joby's future capital needs; our ability to adequately protect and enforce our respective intellectual property rights; Joby's ability to effectively respond to evolving regulations and standards relating to aircraft; our reliance on third-party suppliers and service partners; uncertainties related to our estimates of the size of the market for our service and future revenue opportunities; our customers' ability to modify or terminate contracts; and other important factors discussed in the sections titled 'Risk Factors' in Joby's and L3Harris' Annual Reports on Form 10-K, filed with the Securities and Exchange Commission (the 'SEC') on February 27, 2025 and February 14, 2025, respectively, Joby's and L3Harris' Quarterly Reports on Form 10-Q filed with the SEC on May 8, 2025 and April 24, 2025, respectively, and in future filings and other reports either Joby or L3Harris file with or furnish to the SEC. Any such forward-looking statements represent Joby's or L3Harris' management's estimates and beliefs as of the date of this release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change.
