- L3Harris Technologies Inc (NYSE:LHX) Board of Directors has approved an additional $3.0 billion share repurchase authorization.
- The authorization brings the total current approval to approximately $4.5 billion.
- The board has also declared a quarterly cash dividend of $1.12 per share, payable on December 2, 2022, to shareholders of record on November 18, 2022.
- The company held $420 million in cash and equivalents as of July 1, 2022.
- L3Harris provides advanced defense and commercial technologies across space, air, land, sea and cyber domains.
- Price Action: LHX shares are trading higher by 2.08% at $243.96 on the last check Friday.
Related Posts
Wells Fargo Downgrades Chart Industries to Equal-Weight, Announces $148 Price Target
Wells Fargo analyst Roger Read downgrades Chart Industries (NYSE:GTLS) from Overweight to Equal-Weight and announces $148 price target.
‘Well-Established’ Eye Health Company Bausch + Lomb Gets Outperform Rating From This Analyst
RBC Capital markets initiated coverage on Bausch + Lomb Corp (NYSE:BLCO) with an Outperform rating and a $22 price target. The analysts see…
Amidst Turmoil In Semiconductor Chip Space, Analyst Picks 3 Stocks That Can Survive The Storm
Mizuho hosted its quarterly handset industry call for checks on the state of the global handset supply chain amidst escalating geopolitical risks and deteriorating macro conditions.
Analyst Vijay Rakesh listed his key takeaways.
Handset component inventory was more than two times standard as distribution channels remain stressed.