Author: Mary-Louise Hoffman|| Date Published: October 25, 2022
L3Harris Technologies‘ (NYSE: LHX) board of directors has approved a plan to repurchase another $3.0 billion of its common stock.
The Melbourne, Florida-based defense technology supplier said Friday the additional stock re-acquisition will bring total buyback authorization for L3Harris to approximately $4.5 billion.
Stockholders of record as of Nov. 18 will receive a quarterly cash dividend of $1.12 per share on Dec. 2, according to the company.
Earlier this month, L3Harris announced it will acquire the tactical data link product line under the government systems segment of Viasat (Nasdaq: VSAT) and both parties expect to close the $1.96 billion transaction in the first half of 2023.
Lockheed Martin will add Ultra Maritime’s sonar, sonobuoys, torpedo defense and autonomous maritime sensing capabilities Ultra Maritime’s portfolio will strengthen…
Army Comptroller Marc Andersen has called for scaling private capital to strengthen national security Army installations can support industrial growth,…
