L3Harris Plans Additional $3B Stock Buyback; Declares Dividend

L3Harris Technologies Inc LHX Board of Directors has approved an additional $3.0 billion share repurchase authorization.
The authorization brings the total current approval to approximately $4.5 billion.
The board has also declared a quarterly cash dividend of $1.12 per share, payable on December 2, 2022, to shareholders of record on November 18, 2022.
The company held $420 million in cash and equivalents as of July 1, 2022.
L3Harris provides advanced defense and commercial technologies across space, air, land, sea and cyber domains.
Price Action: LHX shares are trading higher by 2.08% at $243.96 on the last check Friday.