L3Harris Technologies stock hits all-time high at 279.85 USD

L3Harris Technologies (NYSE:LHX) Inc. stock reached an all-time high of 279.85 USD, marking a significant milestone for the $52 billion aerospace and defense company. According to InvestingPro data, the company maintains a "GOOD" financial health score and has maintained dividend payments for an impressive 55 consecutive years. Over the past year, the stock has experienced a notable increase, with a 1-year change of 14.86%, while delivering an even stronger year-to-date return of 29.55%. This upward trajectory reflects investor confidence and positive market sentiment surrounding the company’s performance and strategic initiatives. The all-time high achievement underscores L3Harris’s robust position in the industry, as it continues to capitalize on growth opportunities and strengthen its market presence. With a current dividend yield of 1.78% and 23 consecutive years of dividend increases, the company demonstrates consistent shareholder value creation. InvestingPro analysis indicates the stock is currently trading near its Fair Value, with 12 additional exclusive insights available to subscribers.

In other recent news, L3Harris Technologies announced its second quarter financial results, although specific financial data was not disclosed in the filing. The company has been awarded a $29.3 million contract modification by the Department of Defense for sensor technology, increasing the total contract value to $161.1 million. This work will be carried out in Cincinnati, Ohio, with completion expected by August 2029. Additionally, L3Harris Technologies plans to increase the annual equity retainer for its non-employee directors from $190,000 to $200,000, effective January 3, 2026. The company also unveiled new launched effects vehicles, Red Wolf and Green Wolf, designed for long-range precision strikes and electronic warfare, respectively. In a move to enhance its manufacturing capabilities, L3Harris announced the construction of over 20 new rocket motor facilities in Arkansas, creating 50 new jobs and representing a $193 million investment. These developments are part of L3Harris’s broader $500 million investment across its production sites.

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