L3Harris Technologies Commissioned by US Government for Interim Air Force One Project
L3Harris Technologies Inc, a leading aerospace and defense technology company, has been commissioned by the US government to overhaul a Boeing 747 as an interim Air Force One. This development follows delays in Boeing’s Air Force One project.
Project Details
- The US government has tasked L3Harris Technologies with modifying a Boeing 747 to serve as an interim Air Force One.
- The project is a result of delays in Boeing’s Air Force One project.
Market Reaction
- Notable investors, including Jim Cramer, have expressed interest in the company, recommending a buy.
- BlackRock has reduced its stake in L3Harris Technologies.
- Despite this, the company’s stock price has shown significant growth over the past year, with a recent close price above its 52-week high.
Financial Performance
- The company’s market capitalization has increased, indicating a positive trend in its financial performance.
- The exact details of the company’s financial performance are not specified in the available information.