BUZZ-L3Harris rises on $263 mln US Army order

Reuters01-22 02:14
BUZZ-L3Harris rises on $263 mln US Army order

** Defense contractor L3Harris Technologies' LHX.N shares rise 2.3% to $223.17

** Company says it has received a $263 mln order from the US Army to produce more Enhanced Night Vision Goggle – Binocular (ENVG-B) systems

** ENVG-B system enables soldiers to see and target enemies in the dark or in bad weather by combining technologies that amplify available light and detect heat

** Last year, company received a $256 mln order from the U.S. Army for ENVG-B

** To date, company has delivered more than 18,000 ENVG-B systems to the army

** 18 of 24 brokerages rate the stock "buy" or higher, 5 "hold" and 1 "sell"; median PT $266 - LSEG

(Reporting by Kamal Choudhury in Bengaluru)

((Kamal.Choudhury@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment