Sponsored by Openworks
www. Home | OpenWorks Engineering
————————————————————————————————————–
28 Apr 26 – IFS, the leading provider of Industrial AI software, today announced its financial results for the first quarter ending 31 March, 2026, reporting ARR growth of 25% and a strong start to the year. Q1 performance reflects a continued shift in how organisations operate, as AI scales beyond supporting decisions to executing work across assets, workflows, and operations.
Q1 2026 Highlights
- Annual Recurring Revenue (ARR): 25% YoY growth
- Cloud Revenue: 24% YoY growth
- Net Retention Rate (NRR): 114%
- Recurring Revenue Mix: 84% of total revenue
Growth in the quarter was driven by new customers, solution expansion by existing customers, consistently strong retention metrics, and increasing adoption of AI-driven capabilities across operational workflows. A selection of billion-dollar revenue companies choosing IFS.ai in Q1, include: Aramex, Coca-Cola, China Airlines, Drydocks World, FirstSolar, JVCKENWOOD, LATAM Airlines, Miele, Shin Maywa Industries.
Driving Commercial Value Through Enterprise-Wide AI Adoption
Q1 continued to see customers extend their use of IFS solutions across additional sites, assets, and processes. Significantly, organisations are beginning to operate differently. Rather than using AI to support individual tasks, customers are moving to more autonomous operations, enabling systems to plan, decide, and execute work across complex environments with minimal manual intervention.
This shift is most visible in the asset-intensive and service-driven industries IFS serves, where uptime, coordination, and responsiveness are critical. AI is now deeply embedded in mission-critical processes and the execution layer of operations, improving productivity, reducing inefficiencies, and enabling faster, more consistent outcomes.
Mark Moffat, CEO of IFS, said: “We’re seeing a distinct move from AI supporting work to AI performing work, and that’s changing how our customers run their operations. Through targeted investments, strategic partnerships and industry-specific capabilities that solve real challenges, we’re equipping customers with Industrial AI to build the agility that the next wave of global growth demands. As our Q1 financial results demonstrate, IFS is the industrial platform that makes AI actually work in the real world, and that’s never been more valuable.”
Matthias Heiden, CFO of IFS, said: “We have delivered a resilient start to 2026, performing in line with our strategic plan. ARR growth of 25%, new customers, strong retention, and continued expansion across our installed base position us well for the year. All regions contributed positively despite macroeconomic headwinds, reflecting the trust customers place in IFS innovation and the RoI they gain.”
Platform Expansion in Q1
IFS continued to invest strategically in its platform, expanding capabilities across supply chain, logistics, and utilities to support increasingly autonomous and integrated operations.
- IFS Softeon – Following the completion of the Softeon acquisition in March 2026, IFS strengthened its warehouse and supply chain execution capabilities, enabling greater coordination between planning and real-time operations.
- IFS.ai Logistics – Introduced in March following the acquisition of 7Bridges, IFS.ai Logistics connects transport planning, execution, and financial outcomes, helping organisations manage complex logistics networks with greater precision and automation.
- IFS.ai Operational Intelligence – Combines asset and operations performance management into a single source of truth to detect failures before they happen. After strong traction in the energy sector, IFS is extending it across all industries, with demand accelerating fast.
These developments reflect a broader focus on enabling systems that can increasingly manage and execute operational processes, while remaining grounded in real-world operational constraints—geopolitical tensions, global supply chain uncertainty, and inflation.
Brand Presence and Market Outlook
2026 saw IFS strengthen its global brand presence through partnerships that reflect its growing role in high-performance, operationally complex environments. IFS was named Principal Partner of Chelsea Football Club, supporting the club with AI-driven capabilities across its operations, while expanding global visibility as the first AI company to appear front-of-shirt. In motorsport, IFS became the official technology partner of the Cadillac Formula 1 Team, embedding its software across engineering, production, and supply chain processes.
IFS was named a leader in the 2026 IDC report “Worldwide Manufacturing AI Enabled Asset Intensive Enterprise Asset Management Applications” and was the only vendor to be recognised as a Customers’ Choice in the 2025 Gartner® Peer Insights™ Voice of the Customer: Field Service Management report.
Keith Kirkpatrick, Vice President and Research Director, Enterprise Software & Digital Workflows, Futurum Group, commented: “Sustained ARR growth combined with strong retention suggests that customers are standardising on platforms capable of supporting long-term operational requirements. In asset- and service-centric industries, this typically correlates with software that is embedded into planning, scheduling, and execution processes, rather than positioned solely as a decision support layer. The results are consistent with enterprises prioritising measurable operational outcomes over standalone AI functionality.”
IFS enters Q2 2026 with continued momentum, supported by a strong installed base, high retention levels, and sustained demand for AI-driven operational capabilities. As organisations move toward more autonomous operations, IFS is focused on enabling customers to deploy Industrial AI across entire workflows, allowing systems to take on a greater share of planning, coordination, and execution.
Sustainability Embedded
IFS also published the annual Sustainability Report, outlining continued progress in decarbonisation, responsible procurement and governance, alongside sustainability embedded product capabilities aligned to the IFS long-term growth strategy. Highlights include maintaining 100% renewable electricity across global operations for the fourth consecutive year, delivering over 60% reduction in energy and facilities costs at newly opened sites, and achieving a 36.2% employee participation rate in CSR volunteering.
About IFS
IFS is the world’s leading provider of Industrial AI for hardcore businesses that service, power, and protect our planet. Our technology enables businesses that manufacture goods, maintain complex assets, and manage service-focused op
29 Apr 26. Online Oceans Raises £4 Million to Scale Autonomous Surface Fleets for Defence and Maritime Security
- Backed by Seraphim Space, Peter Rive, Frank Thieser and Florian Seibel, the UK company is building a new model for persistent maritime coverage across defence, subsea infrastructure and border security
London, UK — 30 April 2026 – Online Oceans, a UK company building autonomous surface vessels and fleet software for defence and maritime security, has raised £4 million in funding led by Seraphim Space. The round also includes participation from investors, including Peter Rive, co-founder of SolarCity, Frank Thieser and Florian Seibel, founders of Quantum Systems, and Koro Capital.
Online Oceans is building a new model for persistent maritime coverage. Its autonomous surface vessel, Scout, and fleet command platform, Tether, enable operators to deploy dense, always-connected fleets for missions including anti-submarine warfare, protection of subsea infrastructure, border security and counter-drug smuggling.
Maritime security is becoming more urgent as governments and operators face rising pressure to protect critical waters, monitor strategic chokepoints and secure subsea infrastructure. Yet, persistent coverage remains prohibitively expensive with existing systems. Existing approaches rely on crewed vessels with high operating costs or autonomous systems too expensive to deploy in dense fleets, making coverage intermittent rather than continuous. Online Oceans has designed its system from the outset around a different model: low unit cost, long endurance and continuous connectivity, combined in a platform built for fleet-scale deployment rather than one-off missions.
Online Oceans was founded in early 2025 by George Morton and Alistair Douglas. George brings maritime engineering and defence-adjacent operating experience, while Alistair leads the company’s command-and-control software and fleet systems. Together, they have moved from first builds to production ramp in little over a year.
At the centre of the company’s offering is Scout, a compact solar-powered autonomous surface vessel designed for persistent deployment at scale. Scout is paired with Tether, Online Oceans’ cloud-based command-and-control platform, which allows operators to manage missions, monitor assets and access data in real time. Together, they give governments and commercial customers a practical way to move from occasional, high-cost missions to persistent maritime coverage at scale, while also creating the foundation for recurring software and data revenues.
Where traditional approaches make coverage sparse and intermittent, Online Oceans enables dense, always-connected fleets that can monitor multiple locations simultaneously and support a growing range of defence, maritime domain awareness and ocean data applications.
The company has already secured initial customers across defence, maritime domain awareness and ocean data, begun first data sales, and sold out the first few months of production ahead of commercial deliveries in April 2026.
The new funding will be used to scale manufacturing, support deployments and expand the company’s ability to serve growing demand across defence and commercial markets. Online Oceans is building from Europe, where the strategic need for persistent maritime monitoring is especially acute, but the company’s ambition is global: to become a leader in persistent maritime infrastructure.
George Morton, Founder and CEO of Online Oceans, said: “Persistent maritime coverage has been too expensive for too long. That has limited what governments and operators can actually see, protect and respond to at sea. We built Online Oceans to change that. This funding allows us to scale production and support customers who need a far more practical way to monitor critical waters, protect infrastructure and maintain awareness over long periods.”
Maureen Haverty, Investment Principal at Seraphim Space, said: “Online Oceans is building a category-defining company at the intersection of defence, maritime autonomy and data. The breakthrough here is not just a lower-cost vessel. It is a new coverage model: dense, persistent fleets that can monitor critical waters continuously rather than sporadically. What impressed us was not just the technical insight, but the speed of execution. In little over a year, the team has moved from founding to production ramp, early customer traction and first data sales. We believe they have the potential to build a global leader in this category. ”
30 Apr 26. -York Space Systems (York) (NYSE: YSS), a leading, US-based national defense and commercial prime providing a comprehensive suite of mission-critical solutions, today announced it has entered into a definitive agreement to acquire ALL.SPACE, a leading provider of advanced satellite communications terminals and multi-network connectivity solutions. Upon closing of the transaction, ALL.SPACE will operate as a wholly owned subsidiary of York, continuing to serve customers across the broader industry.
“With this acquisition, York is creating a complete communications ecosystem that operates in contested environments across commercial and government networks,” said Dirk Wallinger, CEO of York. “The addition of ALL.SPACE brings a world-class team whose proven leadership and technical excellence will be key as we scale these capabilities for our customers.”
Founded in 2019 and headquartered in the United Kingdom, with operations in Europe and the United States, ALL.SPACE developed its high-performance, software-defined Hydra Terminal Range to enable simultaneous multi-link, multi-orbit, and multi-band connectivity across LEO, MEO, GEO, and HEO networks.
The platform provides resilient, network agnostic communications for platforms on the move, enabling reliable connectivity across space, air, land, and maritime domains. ALL.SPACE’s technology is purpose-built to ensure connectivity is maintained in dynamic and contested environments, particularly for mobile platforms operating in unpredictable conditions.
“What sets ALL.SPACE apart is their ability to ensure complex, multi-network connectivity is maintained even when systems are on the move,” said Melanie Preisser, EVP and GM of York. “They’ve built a capability that has consistently performed in real operational conditions, making them a natural fit and a powerful addition to the solutions we bring to our customers.”
ALL.SPACE’s smart terminal platform delivers turnkey, on-the-move connectivity, enabling communications to operate across multiple simultaneous pathways, improving resilience by reducing reliance on any single network and maintaining connectivity in contested environments.
“ALL.SPACE was built to ensure connectivity doesn’t fail when it matters most,” said Paul McCarter, CEO of ALL.SPACE. “Demand is accelerating for resilient communications in complex operational environments, and our technology is proven to deliver in those conditions. Partnering with York allows us to scale that capability and deliver it to an even broader set of missions.”
Together, York and ALL.SPACE bring proven, complementary capabilities that give the warfighter real-time access to the information needed to operate and adapt. The result is improved awareness, coordination, and mission execution across distributed operations.
York continues to execute at scale across national security and commercial missions, building on its recent initial public offering. In March, the company announced a major commercial contract and secured an extension of an existing program. The proposed acquisition of ALL.SPACE would be York’s second strategic acquisition since going public. These milestones reflect sustained momentum in delivering capability while executing on York’s long-term growth strategy.
The consummation of the acquisition of ALL.SPACE is subject to regulatory approvals and customary closing conditions, and is expected to occur in the third quarter. Jefferies LLC served as financial advisor to York, and Sheppard, Mullin, Richter & Hampton LLP served as legal counsel in connection with the transaction. (Source: BUSINESS WIRE)
30 Apr 26. Textron to become a pure-play Aerospace & Defense company aligned to its core franchises of Textron Aviation, Bell, and Textron Systems (“New Textron”)
Separation of Textron’s Industrial segment – composed of Kautex and Textron Specialized Vehicles (“Industrial”)
Separation designed to enhance strategic focus and unlock shareholder value
PROVIDENCE, R.I.–(BUSINESS WIRE)– Textron Inc. (the “Company” or “Textron”) (NYSE: TXT) today announced its intent to separate its Industrial segment from the Company’s core aerospace and defense businesses to enhance its strategic and operational focus and drive long-term value for stakeholders.
Textron intends to explore multiple paths to effect the planned separation of its Industrial segment, including but not limited to a sale of the Industrial businesses or a tax-free separation into a standalone, publicly traded company. The separation results in New Textron becoming a pure-play aerospace and defense company aligned to its core franchises of Textron Aviation, Bell, and Textron Systems.
“This planned separation creates greater clarity and focus for both businesses,” said Lisa M. Atherton, Chief Executive Officer of Textron. “New Textron will move forward as a pure-play aerospace and defense company positioned for higher growth, while Industrial gains the independence to pursue strategies aligned with its distinct strengths—unlocking long term value for all stakeholders.”
Compelling Strategic Rationale for a Separation
New Textron and Industrial operate in distinct markets with unique business opportunities and investment requirements. As separate companies, each is expected to benefit from:
- Enhanced agility and focus to better position for long-term success;
- Ability to tailor capital allocation strategies aligned with each company’s growth profile, product development activities, and larger industry dynamics;
- Increased strategic flexibility to pursue organic and inorganic growth opportunities;
- Compelling investment profiles appealing to different investor bases; and
- Distinct management teams comprised of experienced industry leaders with relevant expertise and track records of value creation.
“Through the Board of Directors’ strategic planning process and our ongoing portfolio review, the Board and the management team concluded that pursuing a separation of our Industrial segment is the right approach to sharpen the strategic focus of Textron and support long-term value creation for shareholders,” said Scott C. Donnelly, Textron’s Executive Chairman.
New Textron: Premier Pure-Play Aerospace & Defense Company
Following the planned separation, New Textron, with over $12 billion in expected 2026 revenues and $19 billion in backlog, will be a premier pure-play aerospace and defense company with world-class engineering capabilities, a long track record of innovation, and proven manufacturing and support operations. The Company will be anchored by its core franchises: in general aviation under the Cessna and Beechcraft brands and in military and commercial rotorcraft under the Bell brand, in addition to Textron Systems’ differentiated suite of aerospace and defense products and services.
New Textron expects a successful separation to increase its revenue growth profile and operating margins. The Company remains committed to maintaining a strong balance sheet and consistent capital allocation priorities, including investments in research and development and capital expenditures.
Industrial: A Global Mobility Company
Industrial, with over $3 billion in expected 2026 revenues, is composed of Kautex – a leader in plastic fuel systems, battery enclosures, and clear-vision systems for the automotive industry – and Textron Specialized Vehicles, a manufacturer of specialized vehicles and equipment with globally recognized brands such as E-Z-GO, PACE Technologies, Jacobsen, and TUG Technologies.
“We are confident this next chapter will enable Industrial to build on its strong foundation and deliver enhanced value for employees, customers, and shareholders,” said Atherton. She continued, “Throughout the separation process, we will remain focused on positioning our talented teams for long-term success.”
Transaction Details
The Company is targeting completion of the separation within 12 to 18 months, subject to the satisfaction of certain conditions customary for such a proposed separation, including receipt of any required regulatory approvals and final approval of the Company’s Board of Directors. There can be no assurance regarding the ultimate timing or structure of the proposed separation or that a transaction will be completed.
As the Company pursues this separation, Textron will continue to operate its Industrial businesses in alignment with its current strategy, including continued investments in growth, margin improvement, and innovation.
29 Apr 26. Airbus reports First Quarter (Q1) 2026 results
- 114 commercial aircraft delivered
- Revenues € 12.7 billion; EBIT Adjusted € 0.3 billion
- EBIT (reported) € 0.2 billion; EPS (reported) € 0.74
- Free cash flow before customer financing € -2.5 billion
- 2026 guidance unchanged
Amsterdam, the Netherlands, 28 April 2026 – Airbus SE (stock exchange symbol: AIR) reported consolidated financial results for its First Quarter (Q1) ended 31 March 2026.
“The Q1 results reflect the lower level of commercial aircraft deliveries and a strong performance in our Defence and Space division. The operating environment remains dynamic and complex. We are closely monitoring the potential impact from the fast-changing situation in the Middle East,” said Guillaume Faury, Airbus Chief Executive Officer. “In commercial aircraft, we continue to ramp up and produce as per our plan while navigating the shortage of Pratt & Whitney engines. In defence, the focus remains on serving global demand by ramping up production across our portfolio of products and services. Against this backdrop, our guidance for 2026 is unchanged.”
Gross commercial aircraft orders totalled 408 (Q1 2025: 280 aircraft) with net orders of 398 aircraft after cancellations (Q1 2025: 204 aircraft). The order backlog amounted to 9,037 commercial aircraft at the end of March 2026. Airbus Helicopters registered net orders totalling 79 units (Q1 2025: 100 units), with an order backlog of 1,060 units at the end of March 2026. Order intake by value at Airbus Defence and Space increased to € 5.0 billion (Q1 2025: € 2.6 billion), mostly driven by the Air Power business unit.
Consolidated revenues decreased 7% year-on-year to € 12.7 billion (Q1 2025: € 13.5 billion). A total of 114 commercial aircraft were delivered (Q1 2025: 136 aircraft), comprising 19 A220s, 81 A320 Family, 3 A330s and 11 A350s. Revenues generated by Airbus’ commercial aircraft activities decreased 11% to € 8.4 billion, mainly reflecting the lower deliveries and US dollar depreciation. Airbus Helicopters’ deliveries increased to 56 units (Q1 2025: 51 units) with revenues stable at € 1.6 billion, reflecting a less favourable delivery mix. Revenues at Airbus Defence and Space increased 7% year-on-year to € 2.8 billion, driven mainly by higher volumes in Air Power.
Consolidated EBIT Adjusted – an alternative performance measure and key indicator capturing the underlying business margin by excluding material charges or profits caused by movements in provisions related to programmes, restructuring or foreign exchange impacts as well as capital gains/losses from the disposal and acquisition of businesses – totalled € 300 million (Q1 2025: € 624 million).
EBIT Adjusted related to Airbus’ commercial aircraft activities decreased to € 81 million (Q1 2025: € 494 million), driven by the lower deliveries and an unfavourable hedge rate.
The A220 ramp-up is ongoing and the Company continues to target a monthly production rate of 13 aircraft in 2028. On the A320 Family, Pratt & Whitney remains the key pacer of the ramp-up trajectory, impacting both 2026 and 2027. As a result, the Company continues to expect to reach a rate of between 70 and 75 aircraft a month by the end of 2027, stabilising at rate 75 thereafter. The Company continues to target rate 5 for the A330 programme in 2029 and rate 12 for the A350 programme in 2028.
Airbus Helicopters’ EBIT Adjusted totalled € 65 million (Q1 2025: € 78 million), reflecting a solid performance from programmes, offset by higher R&D expenses.
EBIT Adjusted at Airbus Defence and Space was € 130 million (Q1 2025: € 77 million), supported by better profitability across all business units.
Consolidated self-financed R&D expenses totalled € 730 million (Q1 2025: € 673 million).
Consolidated EBIT (reported) was € 224 million (Q1 2025: € 473 million), including net Adjustments of € -76 million.
These Adjustments comprised:
- € -42 million related to the dollar working capital mismatch and balance sheet revaluation. This mainly reflects the phasing impact arising from the difference between transaction date and delivery date;
- € -32 million related to the integration of the former Spirit AeroSystems work packages;
- € -2 million of other costs, including M&A.
The financial result was € 466 million (Q1 2025: € 621 million), mainly reflecting the revaluation of certain equity investments. Consolidated net income¹ was € 586 million (Q1 2025: € 793 million) with consolidated reported earnings per share of € 0.74 (Q1 2025: € 1.01).
Consolidated free cash flow before customer financing was € -2,485 million (Q1 2025: € -310 million), mainly reflecting the low level of commercial aircraft deliveries on top of the planned inventory build-up associated with the ramp-up across programmes. Consolidated free cash flow totalled € -2,422 million (Q1 2025: € -296 million). The gross cash position stood at € 25.2 billion at the end of March 2026 (year-end 2025: € 27.2 billion), with a consolidated net cash position of € 9.8 billion (year-end 2025: € 12.2 billion).
Outlook
As the basis for its 2026 guidance, the Company assumes no additional disruptions to global trade or the world economy, air traffic, the supply chain, its internal operations, and its ability to deliver products and services.
The Company’s 2026 guidance is before M&A and includes the impact of currently applicable tariffs.
On that basis, the Company targets to achieve in 2026:
- Around 870 commercial aircraft deliveries;
- EBIT Adjusted of around € 7.5 billion;
- Free Cash Flow before Customer Financing of around € 4.5 billion.
Note to editors: Live Webcast of the Analyst Conference Call
At 19:30 CEST on 28 April 2026, you can follow the Q1 2026 Results Analyst Conference Call via the Airbus website at https://www.airbus.com/en/investors. The analyst call presentation can also be found on the website. A recording will be made available in due course. For a reconciliation of Airbus’ KPIs to “reported IFRS” please refer to the analyst presentation.
Lequivalents and (ii) securities (all as recorded in the Consolidated Statement of Financial Position).
Net cash position
The Company defines its consolidated net cash position as the sum of (i) cash and cash equivalents and (ii) securities, minus (iii) financing liabilities, plus or minus (iv) interest rate contracts related to fair value hedges (all as recorded in the Consolidated Statement of Financial Position).
Free Cash Flow (FCF)
An alternative performance measure and key indicator which allows the Company to measure the amount of cash flow generated by its operations. The Company defines free cash flow as the sum of (i) cash provided by operating activities and (ii) investments in intangible and fixed assets (net) & dividends paid by companies valued at equity, minus (iii) contribution to plan assets of pension schemes, (iv) realised foreign exchange results on treasury swaps and (v) change in cash from changes in consolidation.
FCF before Customer Financing
FCF before Customer Financing refers to free cash flow adjusted for cash flow related to aircraft financing activities. It is an alternative performance measure and indicator used by the Company in its financial guidance.
29 Apr 26.Moog Inc (NYSE: MOG.A and MOG.B), a worldwide designer, manufacturer and systems integrator of high-performance precision motion and fluid controls and control systems, today reported fiscal second quarter 2026 results, reflecting robust demand, strengthening operations and continued progress toward the company’s long-term financial objectives.
“Our teams delivered another outstanding quarter. Demand is strong, business is executing well and we are delivering results ahead of guidance,” said Pat Roche, CEO. “We are confident in our ability to deliver for the rest of the year.”
Quarter Highlights
- Net sales increased, reflecting robust growth across all four segments.
- Operating margin and adjusted operating margin increased, reflecting profitable sales growth, pricing and operational performance, partially offset by tariff pressure.
- Diluted net earnings per share and adjusted diluted net earnings per share, both at record levels, were driven by higher operating margin and higher sales, offset partially by tariff pressure.
- Free cash flow improved significantly, driven by strong earnings and working capital management.
- Twelve-month backlog increased 33% to a record $3.3 billion, reflecting continued demand across our markets.
Segment Results
Sales in the second quarter of 2026 increased 13% to $1.1 billion. Space and Defense sales increased 16% to $314 million, reflecting broad-based defense demand. Demand was particularly strong for space vehicles and missile controls. Commercial Aircraft sales increased 15% to $247 million, driven by increased volume and pricing on certain major production programs. Military Aircraft sales increased 10% to $235 million, driven by higher activity on the MV-75 program. Industrial sales increased 9% to $256 million, driven by strong demand for data center cooling pumps, as well as favorable foreign currency translation.
Operating margin in the second quarter of 2026 increased 140 basis points to 13.1%, compared to the second quarter of 2025. Military Aircraft operating margin increased 260 basis points to 13.7%, driven by profitable sales growth. Space and Defense operating margin increased 170 basis points to 13.8%, driven by profitable sales growth, partially offset by increased investments for product development, business capture and operational readiness. Industrial operating margin increased 130 basis points to 12.9%, driven by lower charges associated with simplification initiatives and the benefits from business optimization, partially offset by tariff pressure. Commercial Aircraft operating margin increased 10 basis points to 11.9%, driven by pricing benefits, partially offset by tariff pressure.
Adjusted operating margin excludes $3 million and $7 million of charges primarily associated with simplification initiatives in the second quarter of 2026 and 2025, respectively. Industrial adjusted operating margin decreased 20 basis points to 13.2% in the second quarter of 2026 compared with the second quarter of 2025, as tariff pressure offset simplification benefits.
Free Cash Flow Results
Free cash flow for the quarter was $98 million. Strong earnings contributed to cash generation, while working capital remained relatively constant despite strong sales growth. Inventory growth to support higher sales was largely offset by customer advances. Capital expenditures were $32 million, reflecting continued investment to support future growth.
Fiscal 2026 Financial Guidance
“We had an outstanding second quarter and expect an even stronger business performance in the second half of 2026,” said Jennifer Walter, CFO. “We’re increasing our 2026 guidance for sales and adjusted earnings per share, and reaffirming our guidance for adjusted operating margin and free cash flow conversion.”
29 Apr 26. L3Harris Technologies (NYSE: LHX) today announced it has confidentially submitted a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the “SEC”) related to the proposed initial public offering of common stock in its Missile Solutions business. The number of shares to be offered and the price range for the proposed offering have not yet been determined. The initial public offering is subject to market and other conditions and the completion of the SEC’s review process.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). This announcement is being issued in accordance with Rule 135 under the Securities Act. (Source: BUSINESS WIRE)
———————————————————————–==========================
Ultra-high precision, modularity and speed to defeat dynamic targets
OpenWorks is a provider of modular autonomous vision systems that deliver ultra-high performance real-time detection, identification and tracking of highly dynamic aerial threats at long range.
Our specialist capability lies in our dynamic positioners, EO/IR optical units, approach to sensor fusion and common interface that enables the integration of third-party detectors, classifiers, interceptors and effectors. Artificial intelligence modules work seamlessly with primary detectors and C2 to provide comprehensive detection, identification, tracking and slewing-to-cue against complex backgrounds and foregrounds.
OpenWorks is internationally and operationally proven across C-UAS and Air Defence.
Vision Pace
Designed to enhance dynamic multi-threat engagement, Vision Pace offers microradian precision targeting to kinetic defeat chains, marking a step-change for layered air defence. The development is intended to provide capability to expeditionary force protection, GBAD, SHORAD, M-SHORAD across land and naval domains.
Vision Flex
Vision Flex provides the highest performance surveillance, tracking and classification capability available, for use on static, mobile and un-crewed systems. Vision Flex cameras are highly configurable and can be used with built-in twin-AI modules of third Party classifiers and trackers.
Vision Flex is easy to integrate through standard interfaces and has a range of plug-and-play optical modules and upgrades to allow it to be configured easily to suit each mission or site.
Vision Guard
Vision Guard is a highly configurable, autonomous, portable and deployable platform that provides automated alerts with AI detection and classification.
It can be configured with combinations of active and/or passive sensors to suit the mission. Detections and alerts are streamed out to a handheld tablet or other systems via the standard interface, SAPIENT, Asterisk etc.
——————————————————————————————————————-