L3Harris Technologies

Maxar Space Systems selected by L3Harris Technologies to support Tranche 2 Tracking Layer Program

Retrieved on: 
Thursday, March 7, 2024

Maxar Space Systems, a leading provider of comprehensive space technologies, today announced it has been selected by L3Harris Technologies for the design and production of eighteen Maxar 300 spacecraft platforms and associated support for its Tranche 2 Tracking Layer program with the Space Development Agency (SDA).

Key Points: 
  • Maxar Space Systems, a leading provider of comprehensive space technologies, today announced it has been selected by L3Harris Technologies for the design and production of eighteen Maxar 300 spacecraft platforms and associated support for its Tranche 2 Tracking Layer program with the Space Development Agency (SDA).
  • This selection builds on Maxar Space Systems’ existing contract with L3Harris for the Tranche 1 Tracking Layer, awarded in 2022.
  • View the full release here: https://www.businesswire.com/news/home/20240307860226/en/
    Maxar Space Systems Tranche 2 Tracking Layer Rendering (Photo: Maxar Space Systems)
    The Tranche 2 Tracking Layer will enhance SDA’s capability to provide global, persistent indications, detection, warning, and tracking, of conventional and advanced missile threats, including hypersonic missile systems.
  • “Maxar Space Systems is excited to partner with L3Harris again on behalf of the Space Development Agency,” said Chris Johnson, CEO of Maxar Space Systems.

Army Selects Palantir to Deliver TITAN Next Generation Deep-Sensing Capability in Prototype Maturation Phase

Retrieved on: 
Wednesday, March 6, 2024

Building off Palantir’s prior work delivering AI capabilities for the warfighter, Palantir is deploying the Army’s first AI-defined vehicle.

Key Points: 
  • Building off Palantir’s prior work delivering AI capabilities for the warfighter, Palantir is deploying the Army’s first AI-defined vehicle.
  • Their mutual focus on openness, interoperability, and modularity enables the team to deliver modern capabilities to the warfighter at rapid speeds.
  • Building on Palantir’s years of experience bringing AI-enabled capabilities to warfighters, Palantir is now proud to deliver the Army’s first AI-defined vehicle,” said Akash Jain, President, Palantir USG.
  • This award is a successful progression of the Army’s competitive, software-centric approach to the June 2022 competitive prototyping phase of the TITAN Program.

L3Harris Announces Quarterly Dividend Increase

Retrieved on: 
Friday, February 23, 2024

The Board of Directors of L3Harris Technologies (NYSE:LHX) approved an increase in the company’s per share quarterly cash dividend rate from $1.14 to $1.16 commencing with the dividend for the first quarter of the year, payable March 22, 2024, to shareholders of record as of the close of business on March 8, 2024.

Key Points: 
  • The Board of Directors of L3Harris Technologies (NYSE:LHX) approved an increase in the company’s per share quarterly cash dividend rate from $1.14 to $1.16 commencing with the dividend for the first quarter of the year, payable March 22, 2024, to shareholders of record as of the close of business on March 8, 2024.
  • The dividend corresponds to an increase in the annualized rate from $4.56 to $4.64.
  • “This represents the company’s 23rd consecutive annual dividend increase, enabled by expected free cash flow growth, and is aligned with L3Harris’ capital deployment priorities,” said Christopher E. Kubasik, Chair and Chief Executive Officer.

AFA Announces Finalists for 2023-2024 StellarXplorers National Space Design Competition

Retrieved on: 
Wednesday, February 21, 2024

ARLINGTON, Va., Feb. 21, 2024 /PRNewswire/ -- The Air & Space Force Association's StellarXplorers Space STEM program announced the 10 teams that will compete at the StellarXplorers National Finals Competition April 18-20, 2024.

Key Points: 
  • ARLINGTON, Va., Feb. 21, 2024 /PRNewswire/ -- The Air & Space Force Association's StellarXplorers Space STEM program announced the 10 teams that will compete at the StellarXplorers National Finals Competition April 18-20, 2024.
  • While some teams are returning for another chance at the trophy, others are first-time qualifiers looking to claim the title of National Champions.
  • Edmond Memorial High School #1 (Edmond, Okla.)
    Edmond North High School #3 (Edmond, Okla.)
    Great Mills High School (Great Mills, Md.)
  • StellarXplorers is generously supported by the Air & Space STEM Outreach, L3Harris Technologies, Lockheed Martin, Nova Space, United Launch Alliance, the Bahethi Family Foundation, and General Atomics Sciences Education Foundation.

Underwater Warfare Market worth $5.7 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Monday, February 19, 2024

Based on the systems, the unmanned systems segment is estimated to lead the Underwater Warfare market from 2023 to 2028.

Key Points: 
  • Based on the systems, the unmanned systems segment is estimated to lead the Underwater Warfare market from 2023 to 2028.
  • The unmanned systems market is growing rapidly due to various factors including technological advancement in naval industry.
  • The unmanned systems include autonomous or remote-controlled vehicles designed to perform various tasks underwater, such as surveillance, mapping, and even warfare.
  • The increasing demand for anti-submarine warfare equipment has contributed to the growth of surface ships in the underwater warfare industry .

Underwater Warfare Market worth $5.7 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Monday, February 19, 2024

Based on the systems, the unmanned systems segment is estimated to lead the Underwater Warfare market from 2023 to 2028.

Key Points: 
  • Based on the systems, the unmanned systems segment is estimated to lead the Underwater Warfare market from 2023 to 2028.
  • The unmanned systems market is growing rapidly due to various factors including technological advancement in naval industry.
  • The unmanned systems include autonomous or remote-controlled vehicles designed to perform various tasks underwater, such as surveillance, mapping, and even warfare.
  • The increasing demand for anti-submarine warfare equipment has contributed to the growth of surface ships in the underwater warfare industry .

US Department of Defense Launches L3Harris Missile Tracking Satellites

Retrieved on: 
Thursday, February 15, 2024

Five missile tracking satellites L3Harris Technologies (NYSE:LHX) designed and built successfully launched from Cape Canaveral Space Force Station, Florida, as part of the Missile Defense Agency’s (MDA) Hypersonic and Ballistic Tracking Space Sensor (HBTSS) program and the Space Development Agency’s (SDA) Tranche 0 (T0) Tracking Layer program.

Key Points: 
  • Five missile tracking satellites L3Harris Technologies (NYSE:LHX) designed and built successfully launched from Cape Canaveral Space Force Station, Florida, as part of the Missile Defense Agency’s (MDA) Hypersonic and Ballistic Tracking Space Sensor (HBTSS) program and the Space Development Agency’s (SDA) Tranche 0 (T0) Tracking Layer program.
  • The other four infrared satellites will support SDA’s Tracking Layer, which will demonstrate global indications, warning, tracking and targeting of advanced threats such as hypersonic missiles.
  • “L3Harris delivered this advanced missile tracking capability on behalf of MDA and SDA on orbit in just over three years after work was authorized to proceed.
  • We are proud to be a critical part of the new space sensing architecture.”
    This combined launch also supports SDA’s Proliferated Warfighter Space Architecture by integrating missile tracking and missile defense sensors.

Satellite Data Services Market worth $20.9 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Wednesday, February 14, 2024

Overcoming these challenges while capitalizing on the growing demand for satellite data services will be crucial for sustaining market growth and fostering innovation in the years ahead.

Key Points: 
  • Overcoming these challenges while capitalizing on the growing demand for satellite data services will be crucial for sustaining market growth and fostering innovation in the years ahead.
  • Based on the vertical, the Defense & Security segment is estimated to lead the Satellite Data Services Market from 2023 to 2028.
  • In 2023, the commercial segment is anticipated to dominate the Satellite Data Services market, holding the largest market share.
  • This includes high-resolution imaging sensors, small satellite constellations, and data analytics platforms, driving the growth of satellite data services in the region.

Satellite Data Services Market worth $20.9 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Wednesday, February 14, 2024

Overcoming these challenges while capitalizing on the growing demand for satellite data services will be crucial for sustaining market growth and fostering innovation in the years ahead.

Key Points: 
  • Overcoming these challenges while capitalizing on the growing demand for satellite data services will be crucial for sustaining market growth and fostering innovation in the years ahead.
  • Based on the vertical, the Defense & Security segment is estimated to lead the Satellite Data Services Market from 2023 to 2028.
  • In 2023, the commercial segment is anticipated to dominate the Satellite Data Services market, holding the largest market share.
  • This includes high-resolution imaging sensors, small satellite constellations, and data analytics platforms, driving the growth of satellite data services in the region.

L3Harris to Present at Upcoming Investor Conferences

Retrieved on: 
Wednesday, February 7, 2024

L3Harris Technologies (NYSE:LHX) Chair and CEO Christopher E. Kubasik and Chief Financial Officer Ken Bedingfield will attend Citi’s Global Industrial Tech and Mobility Conference on Feb. 20 in Miami.

Key Points: 
  • L3Harris Technologies (NYSE:LHX) Chair and CEO Christopher E. Kubasik and Chief Financial Officer Ken Bedingfield will attend Citi’s Global Industrial Tech and Mobility Conference on Feb. 20 in Miami.
  • Kubasik and Bedingfield are also scheduled to present at the Barclays Industrial Select Conference at 8:30 a.m.
  • The Barclays presentation will stream live on the L3Harris website with a recording available following the event.
  • Bedingfield will also be attending the TD Cowen 45th Annual Aerospace & Defense Conference on Feb. 14 in Washington, D.C.