BUZZ-L3Harris rises on $263 mln US Army order
ReutersJan 21, 2025 6:14 PM
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))
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