L3Harris Awards Mercury a $31M Deal to Provide Solid-State Data Recorders for SDA's Tranche 2 Tracking Layer Satellites

4/10/24 7:05:37 AM ET

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Mercury Systems, Inc. (NASDAQ:MRCY, , www.mrcy.com))))), a technology company that delivers mission-critical processing power to the edge, today announced it was awarded a $31 million contract from L3Harris Technologies (NYSE:LHX) to provide solid-state data recorders for the U.S. Space Development Agency (SDA)'s Tranche 2 Tracking Layer satellite constellation.

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Recent Analyst Ratings for
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$MRCY

Company	Date	Price Target	Rating	Analyst
L3Harris Technologies Inc. $LHX	10/31/2024	$300.00	Neutral → Buy	BofA Securities
L3Harris Technologies Inc. $LHX	10/10/2024	$300.00	Peer Perform → Outperform	Wolfe Research
Mercury Systems Inc $MRCY	8/19/2024		Neutral → Overweight	Alembic Global Advisors
L3Harris Technologies Inc. $LHX	8/14/2024	$250.00 → $240.00	Outperform → Sector Perform	RBC Capital Mkts
L3Harris Technologies Inc. $LHX	8/9/2024	$275.00 → $257.00	Overweight → Equal-Weight	Morgan Stanley
L3Harris Technologies Inc. $LHX	7/26/2024	$245.00 → $257.00	Buy → Hold	Deutsche Bank
L3Harris Technologies Inc. $LHX	4/22/2024	$238.00	Neutral → Overweight	Alembic Global Advisors
Mercury Systems Inc $MRCY	2/7/2024	$48.00 → $28.00	Buy → Hold	Truist

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L3Harris Appoints Trane Technologies Chair and CEO Dave Regnery to Board of Directors
L3Harris Technologies (NYSE:LHX) today announced that David S. Regnery, Chair and Chief Executive Officer of Trane Technologies plc, has been appointed to its Board of Directors. "Dave is a strong business leader with proven success in business transformation, putting the customer first and creating a culture where innovation and accountability are important drivers of business decisions," said Christopher E. Kubasik, Chair and CEO, L3Harris. "His established track record of leading large organizations and shaping Trane Technologies' future strategy will be important to L3Harris as we continue our journey as the industry's Trusted Disruptor in support of our customers' most critical needs.
10/15/24 6:45:00 PM ET
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Mercury Appoints Brad Whittington as Senior Vice President of Engineering
ANDOVER, Mass., Aug. 12, 2024 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ:MRCY, www.mrcy.com))), a technology company that delivers mission-critical processing power to the edge, today announced the appointment of Brad Whittington as its Senior Vice President of Engineering, effective Aug. 12, 2024. Reporting to Chief Operating Officer Roger Wells, Whittington is responsible for the strategic planning, leadership, and execution of Mercury's recently integrated Engineering organization. Whittington has more than 25 years of experience in technical leadership roles in aerospace and defense. He most recently served as Vice President of Engineering and Chief Engineer for the Defense Sys
8/12/24 4:15:00 PM ET
$MRCY
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Mercury Appoints Senior Vice President of Operations, Completes Second Phase of Organizational Restructuring
ANDOVER, Mass., June 18, 2024 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ:MRCY, www.mrcy.com))), a technology company that delivers mission-critical processing power to the edge, today announced the appointment of Tod Brindlinger as Senior Vice President of Operations, effective June 10, 2024. The company also announced the completion of the second phase of an organizational restructuring that began in January to improve performance and accelerate growth by consolidating and simplifying its operations. Reporting to Chief Operating Officer Roger Wells, Brindlinger is responsible for the company's global manufacturing, facilities, and supply chain. He has more than 30 years of leaders
6/18/24 5:10:00 PM ET
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L3Harris to Present at Upcoming Investor Conferences
L3Harris Technologies (NYSE:LHX) Chair and CEO Christopher E. Kubasik and Chief Financial Officer Ken Bedingfield will present at Baird's Global Industrial Conference at 10:50 a.m. ET on Tuesday, Nov. 12, in Chicago. The presentation will stream live on the L3Harris website with a recording available following the event. L3Harris Aerojet Rocketdyne President Ross Niebergall will join Bedingfield at the UBS Global Industrials Conference at 1 p.m. ET on Wednesday, Dec. 4, in Palm Beach, Florida. This presentation will also stream live on the L3Harris website with a recording available following the event. About L3Harris Technologies L3Harris Technologies is the Trusted Disruptor in the def
11/1/24 8:00:00 AM ET
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Industrial Machinery/Components
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L3Harris Technologies Reports Strong Third Quarter 2024 Results, Increases 2024 Guidance
Highlights* Orders of $7.2 billion; book-to-bill of 1.4x Revenue of $5.3 billion, up 8%, and 5% organically Operating margin of 9.4%; adjusted segment operating margin of 15.7% Diluted earnings per share (EPS) of $2.10; non-GAAP diluted EPS of $3.34 2024 revenue guidance range increased to $21.1B - $21.3B 2024 adjusted segment operating margin guidance increased to ~15.5% 2024 non-GAAP diluted EPS guidance range increased to $12.95 - $13.15 L3Harris Technologies (NYSE:LHX) reported third quarter 2024 diluted EPS of $2.10, an increase of 4% from third quarter 2023, on third quarter 2024 revenue of $5.3 billion, an increase of 8%. Third quarter 2024 non-GAAP diluted EPS was $3
10/24/24 4:05:00 PM ET
$LHX
Industrial Machinery/Components
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L3Harris and Palantir Announce Strategic Partnership
L3Harris Technologies (NYSE:LHX) and Palantir Technologies Inc. (NYSE:PLTR) today announced a strategic partnership to propel advanced technology development and accelerate L3Harris' digital transformation. The companies' complementary capabilities – including L3Harris' sensors and software-defined systems and Palantir's Artificial Intelligence Platform (AIP) – will together enable new levels of capability and resilient connectivity across the joint-all-domain network, ensuring warfighters can make more informed decisions faster to protect our nation's security and that of our allies. "As the industry's Trusted Disruptor, we are committed to collaborating with innovative partners to deliv
10/23/24 4:01:00 PM ET
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How To Earn $500 A Month From L3Harris Technologies Stock Ahead Of Q2 Earnings Report
Analysts expect L3Harris Technologies, Inc. (NYSE:LHX) to report second-quarter earnings of $3.18 per share after the closing bell on Thursday, July 25. That’s up from $2.97 per share in the year-ago period. Benzinga Pro data projects L3Harris Technologies to post revenue of $5.3 billion, compared to $4.37 billion a year earlier. On July 18, the Melbourne, Florida-based company’s board declared a quarterly cash dividend of $1.16 per common share. Some investors may be eyeing potential gains from the company's dividends. L3Harris currently has a dividend yield of 1.96%. That’s a quarterly dividend amount of $1.16 a share ($4.64 a year). To figure out how to earn $500 monthly
7/25/24 8:30:15 AM ET
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Here's How Much $1000 Invested In L3Harris Technologies 20 Years Ago Would Be Worth Today
L3Harris Technologies (NYSE:LHX) has outperformed the market over the past 20 years by 3.87% on an annualized basis producing an average annual return of 12.15%. Currently, L3Harris Technologies has a market capitalization of $45.12 billion. Buying $1000 In LHX: If an investor had bought $1000 of LHX stock 20 years ago, it would be worth $10,021.06 today based on a price of $237.90 for LHX at the time of writing. L3Harris Technologies's Performance Over Last 20 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzi
7/24/24 10:30:16 AM ET
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7 Industrials Stocks With Whale Alerts In Today's Session
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. Here's the list of options activity happening in today's session: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume CHPT CALL SWEEP BEARISH 07/26/24 $2.00 $31.3K 19.0K 60.1K SAVE PUT SWEEP BEARISH 06/20/25 $1.50 $74.0
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L3Harris Technologies Reports Strong Third Quarter 2024 Results, Increases 2024 Guidance
Highlights* Orders of $7.2 billion; book-to-bill of 1.4x Revenue of $5.3 billion, up 8%, and 5% organically Operating margin of 9.4%; adjusted segment operating margin of 15.7% Diluted earnings per share (EPS) of $2.10; non-GAAP diluted EPS of $3.34 2024 revenue guidance range increased to $21.1B - $21.3B 2024 adjusted segment operating margin guidance increased to ~15.5% 2024 non-GAAP diluted EPS guidance range increased to $12.95 - $13.15 L3Harris Technologies (NYSE:LHX) reported third quarter 2024 diluted EPS of $2.10, an increase of 4% from third quarter 2023, on third quarter 2024 revenue of $5.3 billion, an increase of 8%. Third quarter 2024 non-GAAP diluted EPS was $3
10/24/24 4:05:00 PM ET
$LHX
Industrial Machinery/Components
Industrials
L3Harris Announces Quarterly Dividend
The Board of Directors of L3Harris Technologies (NYSE:LHX) has declared a quarterly cash dividend of $1.16 per common share, payable Dec. 6, 2024, to shareholders of record as of the close of business Nov. 18, 2024. About L3Harris Technologies L3Harris Technologies is the Trusted Disruptor in the defense industry. With customers' mission-critical needs always in mind, our employees deliver end-to-end technology solutions connecting the space, air, land, sea and cyber domains in the interest of national security. Visit L3Harris.com for more information. View source version on businesswire.com: https://www.businesswire.com/news/home/20241016709252/en/
10/16/24 2:00:00 PM ET
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Mercury Systems to Report First Quarter Fiscal Year 2025 Financial Results on November 5, 2024
ANDOVER, Mass., Oct. 15, 2024 (GLOBE NEWSWIRE) -- Mercury Systems Inc. (NASDAQ:MRCY, www.mrcy.com))), a technology company that delivers mission-critical processing power to the edge, will release its first quarter fiscal year 2025 financial results after the market close on Tuesday, November 5, 2024. Management will host a conference call and simultaneous webcast at 5:00 p.m. ET on the same day to discuss Mercury's quarterly financial results, business highlights, and outlook. In addition, Company representatives may answer questions concerning business and financial developments and trends, the Company's view on earnings forecasts, and other business and financial matters affecting the
10/15/24 4:15:00 PM ET
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Electrical Products
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L3Harris Awards Mercury a $31M Deal to Provide Solid-State Data Recorders for SDA's Tranche 2 Tracking Layer Satellites

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$LHX$MRCY Insider Trading

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Director Jana Partners Management, Lp was granted 4,832 shares (SEC Form 4)

Director Plunkett Debora A was granted 4,832 shares, increasing direct ownership by 43% to 16,171 units (SEC Form 4)

Director Nearhos Barry R was granted 4,832 shares, increasing direct ownership by 23% to 25,503 units (SEC Form 4)

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L3Harris upgraded by BofA Securities with a new price target

L3Harris upgraded by Wolfe Research with a new price target

Mercury upgraded by Alembic Global Advisors

$LHX$MRCY SEC Filings

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Mercury Systems Inc filed SEC Form 8-K: Leadership Update, Submission of Matters to a Vote of Security Holders, Other Events

SEC Form 10-Q filed by L3Harris Technologies Inc.

L3Harris Technologies Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

L3Harris Appoints Trane Technologies Chair and CEO Dave Regnery to Board of Directors

Mercury Appoints Brad Whittington as Senior Vice President of Engineering

Mercury Appoints Senior Vice President of Operations, Completes Second Phase of Organizational Restructuring

$LHX$MRCY Press Releases

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L3Harris to Present at Upcoming Investor Conferences

L3Harris Technologies Reports Strong Third Quarter 2024 Results, Increases 2024 Guidance

L3Harris and Palantir Announce Strategic Partnership

$LHX$MRCY Large Ownership Changes

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SEC Form SC 13G filed by L3Harris Technologies Inc.

SEC Form SC 13G/A filed by Mercury Systems Inc (Amendment)

SEC Form SC 13D/A filed by Mercury Systems Inc (Amendment)

How To Earn $500 A Month From L3Harris Technologies Stock Ahead Of Q2 Earnings Report

Here's How Much $1000 Invested In L3Harris Technologies 20 Years Ago Would Be Worth Today

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$LHX$MRCY Financials

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L3Harris Technologies Reports Strong Third Quarter 2024 Results, Increases 2024 Guidance

L3Harris Announces Quarterly Dividend

Mercury Systems to Report First Quarter Fiscal Year 2025 Financial Results on November 5, 2024

$LHX$MRCY Insider Purchases

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Director Jana Partners Management, Lp bought $506,600 worth of shares (13,600 units at $37.25) (SEC Form 4)

Swanson William H bought $535,925 worth of Common Stock Par Value $1.00 (2,500 units at $214.37), increasing direct ownership by 853% to 2,793 units (SEC Form 4)

Jana Partners Management, Lp bought $11,057,678 worth of shares (377,913 units at $29.26) (SEC Form 4)

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