L3Harris unit making rocket motors used in Ukraine says business has surged [Yahoo! Finance]
L3Harris Technologies, Inc. (LHX)
Last l3harris technologies, inc. earnings: 2/4 06:30 am
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Source: Yahoo! Finance
motors for GMLRS rockets that are heavily used in Ukraine, a company executive said on Tuesday, as global demand surges to supply Kyiv and to rebuild shrinking U.S. stockpiles. Demand for rocket motors is soaring worldwide because of wars in Ukraine and the Middle East. Other militaries are also realizing that future conflicts will likely require many more rockets and missiles - as a part of a new warfighting doctrine dubbed "affordable mass" to describe the sheer volume of firepower involved. This is good news for L3Harris. In December 2022 the U.S. defense contractor offered to purchase Aerojet, which produces about half of all the rocket motors propelling U.S. military missiles, rockets and other projectiles. But at that time no one knew how long the Ukraine war would last and the Pentagon had signed few contracts to restock its shelves. Guided Multiple Launch Rocket System rockets, also known as GMLRS, travel about 45 miles (72 km). Their widespread use and success in Ukrain
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LHX
Earnings
- 10/24/24 - Beat
LHX
Sec Filings
- 11/14/24 - Form SC
- 11/13/24 - Form SC
- 11/12/24 - Form SC
- LHX's page on the SEC website