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Search resuls for: "LHX"


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☆ Defense contractor L3Harris to buy Viasat's unit for nearly $2 bln
  + stars: | 2022-10-03 | by ( ) www.reuters.com   time to read: +1 min
Oct 3 (Reuters) - Defense contractor L3Harris Technologies (LHX.N) said on Monday it would buy satellite specialist Viasat Inc's (VSAT.O) military communication unit for about $1.96 billion to better align with U.S. defense spending priorities like cybersecurity and sensors. The government systems unit, known as Link 16 Tactical Data Links, includes 450 employees and has an annual sales of about $400 million. It enables secured sharing of voice and data and is integrated on military aircraft, ground vehicles, surface vessels and operating bases. With the deal, L3Harris aims to expand communication and networking capabilities to a larger user base. (https://reut.rs/3EdRet0)Reporting by Nathan Gomes in Bengaluru; editing by Uttaresh.V and Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.
☆ Stocks making the biggest moves premarket: General Mills, Stitch Fix, Beyond Meat and others
  + stars: | 2022-09-21 | by ( Peter Schacknow | ) www.cnbc.com   time to read: +2 min
Check out the companies making headlines before the bell:General Mills (GIS) – General Mills shares gained 1.8% in the premarket after the food producer reported a better-than-expected quarterly profit and raised its full-year sales forecast. Stitch Fix (SFIX) – Stitch Fix slid 5.9% in premarket trading after reporting a wider-than-expected quarterly loss and issuing a weak forecast. Beyond Meat fell 1.1% in premarket trading on top of a 6% slide Tuesday, its sixth consecutive down day. Defense stocks – Shares of defense contractors are rising in the premarket after Russian President Vladimir Putin mobilized more troops to Ukraine in what's seen as a major escalation of the Ukraine war. Aurora Cannabis (ACB) – Aurora Cannabis reported a breakeven quarter, on an adjusted basis, surprising analysts who predicted a quarterly loss.
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