L3Harris Eliminates Aviation Systems As Reporting Business Segment

L3Harris Technologies Inc LHX disclosed new alignment and organization of core businesses, moving from four to three focused segments, effective with its FY22, which began January 1, 2022.
The company's three focused segments will be Integrated Mission Systems, Space and Airborne Systems, and Communication Systems.
The company's previously reported fourth segment was Aviation Systems. The company now eliminates Aviation Systems as a reporting business segment.
As part of its segment reorganization, Todd W. Gautier, previously President of the Aviation Systems segment, has been named Special Advisor to the CEO.
Price Action: LHX shares are trading lower by 1.30% at $210.46 on the last check Monday.

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