Key Insights Given the large stake in the stock by institutions, L3Harris Technologies' stock price might be vulnerable...
MELBOURNE, Fla., September 18, 2023--L3Harris Technologies (NYSE:LHX) will host an Investor Day on Dec. 12, 2023, at the company’s Florida headquarters and will also stream the event online.
U.S. Senator Elizabeth Warren, a Democrat who wants more mergers scrutinized, questioned Defense Secretary Lloyd Austin about the Pentagon's role in the approval in July of L3 Harris Technologies' purchase of Aerojet Rocketdyne at a time when the number of defense contractors is at a historic low. L3 Harris said on July 26 it was informed that the U.S. Federal Trade Commission would not block its $4.7 billion deal for Aerojet Rocketdyne. Warren, who had expressed concern about the transaction before it went forward, and other Democratic lawmakers pressed top Pentagon officials on Thursday to keep an eye on the new, bigger company.