L3Harris Technologies, Inc. (LHX) Announces Appointment of Ken Sharp as SVP and CFO

L3Harris Technologies, Inc. (NYSE:LHX) is among the 10 Best Aerospace Dividend Stocks to Buy. On March 2, the company announced the appointment of Ken Sharp as Senior Vice President and Chief Financial Officer. He will assume charge from March 16.

Sharp brings more than three decades of experience in defense and technology firms, having previously worked in financial leadership positions at Peraton Inc., DXC Technology, and Northrop Grumman.

He will succeed Ken Bedingfield, whose focus will now shift towards heading L3Harris Technologies, Inc. (NYSE:LHX)’s Missile Solutions business and its eventual initial public offering. Moreover, he will also lead efforts to expand solid rocket motor manufacturing to meet America’s urgent defense needs.

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The company’s shares gained 2.16% on Friday, following reports that Trump met senior executives of top defense contractors, including L3Harris Technologies, Inc. (NYSE:LHX), where they “agreed to quadruple Production of the ‘Exquisite Class’ Weaponry in that we want to reach, as rapidly as possible, the highest levels of quantity”, according to a social media post by the U.S. president.

The stock has already returned 22% year-to-date as of the close on March 9. It currently sports a Strong Buy rating and has an average share price upside potential of 7%.

L3Harris Technologies, Inc. (NYSE:LHX) provides end-to-end technology solutions that connect the air, land, space, sea, and cyber domains for national security.

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