L3Harris Technologies Inc.
Coverage of L3Harris Technologies Inc. in the Nexus archive.
- L3Harris postpones missile unit IPO until mid-2027
L3Harris Technologies has delayed the initial public offering (IPO) of its missile unit until mid-2027. CEO Chris Kubasik cited unfavorable market conditions as the reason for the postponement, stating they do not reflect the company's value and should 'settle down' before proceeding.
- L3Harris: Q2 Earnings Snapshot
L3Harris Technologies reported second-quarter net income of $600 million, or $3.13 per share, exceeding analyst expectations of $2.80 per share. The company's revenue reached $5.88 billion, surpassing forecasts of $5.79 billion, and it projects full-year earnings between $11.80 to $12 per share with revenue of $23.2 billion to $23.7 billion.
- Defense tech investors thought the war in Iran could make them millionaires. Instead, they faced a Wall Street bloodbath
Defense contractors like Northrop Grumman and Lockheed Martin have seen significant stock declines despite U.S. military spending on the Iran conflict and a proposed $1.5 trillion defense budget. Investors initially surged but faced losses as markets discounted prior expectations, with analysts noting gains were already priced in before conflicts escalated.
- Trump flies old Air Force One out of Turkiye, switches to new jet in Britain for trip home
U.S. President Donald Trump departed Turkey on an older Air Force One jet and later boarded a newly renovated Qatari-donated plane in Britain for his return to Washington. The new Boeing 747, refitted with security upgrades, faced scrutiny over cost and readiness, while Trump cited nostalgia and military engagement as reasons for the plane switch.