RTX Secures $95M Contract to Deliver Navigation Systems [Yahoo! Finance]
L3Harris Technologies, Inc. (LHX)
Last l3harris technologies, inc. earnings: 2/4 06:30 am
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Source: Yahoo! Finance
This contract win is expected to benefit from the growing demand for navigation systems, with the Military Navigation Systems market predicted to grow at a CAGR of 5.4% from 2024-2029. RTX's expertise in manufacturing navigation systems for military missions has enabled it to win repeated contracts, and its diverse portfolio of navigation systems positions it well for future growth. RTX Corporation's RTX business segment, Collins Aerospace, recently won its fourth order, worth $95 million, for the Mounted Assured Positioning, Navigation (PNT) and Timing Generation II systems (MAPS Gen II). To increase resilience during multi-domain operations, the U.S. Army and Marine Corps will deploy jam-and-spoof-resistant navigation solution hardware on combat ground vehicles. Rising geopolitical tensions, with threats continuing to evolve and advance, have led to a demand for improved navigation solutions for air, land and marine operations. Over the last decade, the use of cutting-edge tec
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LHX
News
- L3Harris: Military Modernization Will Sustain Growth Amid Diplomacy [Forbes]Forbes
- L3Harris: Military Modernization Will Sustain Growth Amid Diplomacy [Yahoo! Finance]Yahoo! Finance
- X-ray Security Screening Market to Reach USD 11.76 Billion by 2032, Driven by Increasing Security Concerns and Growing Infrastructure Investments | SNS Insider [Yahoo! Finance]Yahoo! Finance
- L3Harris Technologies Insiders Sell US$8.1m Of Stock, Possibly Signalling Caution [Yahoo! Finance]Yahoo! Finance
- HII Secures $6.7B Contract to Provide Electronic Warfare Support [Yahoo! Finance]Yahoo! Finance
LHX
Earnings
- 10/24/24 - Beat
LHX
Sec Filings
- 12/18/24 - Form 4
- 12/16/24 - Form 144
- 11/27/24 - Form 8-K
- LHX's page on the SEC website