BUZZ-L3Harris rises on $263 mln US Army order

Reuters
01-22
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))

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