Revenue segments as reported by the company.

Integrated Mission Systems

Space & Airborne Systems

Communication Systems

Aerojet Rocketdyne

Aviation Systems

Corporate eliminations

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Gross Profit, Operating Income, and Net Income as a percentage of Revenue

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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Engineering, selling and administrative

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Year over year growth in Revenue and Operating Expenses.

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

L3Harris

L3Harris Technologies, Inc. engages in the provision of defense and commercial technologies across the air, land, sea, space, and cyber domains. It operates through the following segments: Integrated Mission Systems, Space and Airborne Systems, Communication Systems, and Aviation Systems. The Integrated Mission Systems segment consists of multi-mission ISR and communication systems, integrated electrical and electronic systems for maritime platforms, and advanced electro-optical and infrared solutions. The Space and Airborne Systems segment consists of space payloads, sensors and full-mission solutions, classified intelligence and cyber defense, avionics, and electronic warfare. The Communication Systems segment consists of tactical communications, broadband communications, integrated vision solutions, and public safety. The Aviation Systems segment is composed of defense aviation products, security, detection and other commercial aviation products, air traffic management, and commercial and military pilot training. The company was founded in 1890 and is headquartered in Melbourne, FL.

Earnings data Q1 2021

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Earnings data Q1 2024

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L3Harris (LHX) exceeds Q4 expectations, focuses on growth and stability

L3Harris (LHX) delivered strong Q4 results, with a focus on growth and margin stability in 2023. Strategic M&A activities and investments in key growth areas position the company for future success. Challenges around supply chain, inflation, and margin outlook require proactive management.

L3Harris reports strong Q1 earnings, eyes higher revenue opportunities

L3Harris had a robust Q1, with strong financial performance and a positive outlook for the year. The company is strategically positioned to capitalize on international bookings and working capital improvements. Challenges lie in managing debt levels post the Aerojet acquisition while focusing on profitability and operational enhancements.

L3Harris reports robust Q2 earnings, eyes Aerojet synergy for growth

L3Harris' strong financial performance in Q2 2023, coupled with the Aerojet acquisition, positions the company for growth and innovation in the defense industry. Operational improvements, increased guidance, and a focus on space sector success highlight L3Harris' strategic direction.

L3Harris excels in Q3, eyes growth and efficiency gains

L3Harris demonstrated strong financial performance, strategic alignment, and commitment to shareholder value.
Challenges lie in maintaining margins, reducing debt, and optimizing operations amidst industry dynamics.
Opportunities for growth, efficiency gains, and strategic investments position L3Harris for future success.
Investor Day offers a platform to communicate growth strategies and engage with investors and stakeholders.

L3Harris reports record orders and margin focus for 2023

L3Harris achieved strong financial performance in 2023, with record orders and a focus on margin expansion and free cash flow growth.
The company's strengths lie in strong international orders, successful product lines like tactical radios, and improved supply chain management.
Challenges include sub-tier supplier issues, supply chain obstacles, and potential structural issues in defense industry pricing.
Opportunities exist in debt reduction, shareholder returns, international growth, and operational efficiencies for margin expansion and free cash flow growth.

L3Harris posts robust Q1 earnings, eyes international growth opportunities

L3Harris reported strong Q1 2024 earnings, raised guidance, and is focused on financial optimization and international growth. The company faces challenges in reducing leverage and optimizing bidding strategies. However, opportunities in international markets and revenue growth strategies present promising avenues for future success.

L3Harris excels in Q2 2024, eyes European defense market

L3Harris delivered robust financial results, emphasized operational efficiency gains, and reaffirmed guidance for revenue, margin rate, and EPS. The company's focus on optimizing workforce and infrastructure, coupled with strategic divestitures, positions it well for future growth and shareholder value creation.

L3Harris reports strong Q3 performance, eyes growth and efficiency

L3Harris had a strong quarter with record order volume, robust margins, and increased revenue across all segments.
The company's strategic partnerships, cost-saving initiatives, and focus on growth and profitability position them well for future success.
Challenges include flat revenue in the SAS segment and ongoing portfolio shaping efforts, while opportunities lie in anticipated growth and program advancements.
Overall, L3Harris is confident in maintaining and growing market share, delivering advanced solutions, and driving profitability.

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L3Harris Technologies, Inc. engages in the provision of defense and commercial technologies across the air, land, sea, space, and cyber domains. It operates through the following segments: Space and Airborne Systems, Integrated Mission Systems, Communication Systems, and Aerojet Rocketdyne. The Space and Airborne Systems segment provides full mission solutions as a prime and subsystem integrator in the space, airborne and cyber domains. The Integrated Mission Systems segment focuses on the differentiated mission capabilities and prime systems integration for the air, land and sea domains. The Communication Systems segment enables warfighters across all domains with solutions critical to mission success even in the most contested environments. The Aerojet Rocketdyne segment includes propulsion, power and armament products and systems to U.S. government, including the DoD, National Aeronautics and Space Administration (“NASA”) and major aerospace and defense prime contractors. The company was founded in 1890 and is headquartered in Melbourne, FL.

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The Space Force unit on Tuesday announced about $2.5 billion in satellite contracts would go to L3Harris, Lockheed Martin, and Sierra Space.

Pentagon awards $2.5 billion in satellite contracts to L3Harris, Lockheed Martin and Sierra Space

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Booz Allen Hamilton Hld

MCLEAN, Va.--(BUSINESS WIRE)--Booz Allen Hamilton (NYSE: BAH) today announced it will collaborate with L3Harris Technologies (NYSE: LHX) on advancing leading mission system integration capabilities to address the Department of Defense's (DOD) critical need to modernize and rapidly enable Combined Joint All-Domain Command & Control (CJADC2) to support the future warfighter in contested environments. This strategic cooperation will enable the accelerated development and delivery of Booz Allen.

Booz Allen and L3Harris to Accelerate CJADC2 Solution

On December 12, L3Harris held its much anticipated Investor Day, presenting guidance for its mid-term strategy following the post-merger portfolio realignment. Across all segments, operating margins are projected to improve by >110bps through 2026, resulting from higher bidding scrutiny and LHX NeXt which saw its anticipated savings guidance raised to $1bn. Further insight was offered on capital allocation with management committing >$3.7bn to share buybacks from 2024-2026 at 100% cash return post delevering, alleviating investor concerns post 2023 debt raises.

L3Harris: Building Momentum And Fading Headwinds

Since emerging from the merger between L3 Technologies and Harris Corporation in 2019, L3Harris has been an exceptional dividend grower. The defense contractor and aerospace multinational's revenue and backlog soared in the third quarter. L3Harris is making progress on deleveraging to strengthen its balance sheet.

L3Harris Technologies: A Powerful Dividend Growth Stock To Buy Now

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L3Harris Technologies is poised to benefit from rising global defense spending and geopolitical tensions. The company's Space and Airborne Systems segment is experiencing strong growth. L3Harris is actively reducing debt, targeting organic growth and free cash flow, and is undervalued compared to its peers.

L3Harris Technologies: Unlocking Value In The Defense Industry

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) will release financial results for its fourth quarter on Thursday, Jan. 25, 2024, after market close. The company's results will be published in an Investor Letter and made available at L3Harris.com. The company will host a call on Friday, Jan. 26, 2024, at 8:30 a.m. ET. The dial-in numbers for the teleconference are (U.S.) 877-407-6184 and (International) +1 201-389-0877, and participants will be directed to an operator. Please.

L3Harris Sets Date for Fourth Quarter Earnings Release

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With the current geopolitical landscape and increasing demand for defense equipment, investing in defense ETFs can be beneficial.

Consider Defense ETFs Amid Positive Industry Outlook

L3Harris Technologies has tremendous growth potential and meets the criteria for a long-term investment, including a strong balance sheet and attractive valuation. The company's recent Investor Day highlighted its involvement in various domains, such as space and airborne systems, integrated mission systems, and communication systems. L3Harris has outlined a compelling longer-term outlook, aiming for $23 billion in revenue and at least 16% margins by 2026, which could result in significant shareholder value.

14% Annual Return Potential: L3Harris Is My Favorite Dividend Stock Going Into 2024

L3Harris (LHX) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Strength Seen in L3Harris (LHX): Can Its 3.9% Jump Turn into More Strength?

U.S. defense contractor L3Harris said on Tuesday it would suspend its merger and acquisition activity for the "foreseeable future" to strengthen balance sheet and forecast full-year revenue above analysts' estimates.

L3Harris to suspend M&A program for 'foreseeable future'

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) today hosted its 2023 Investor Day at which it provided an in depth review of the company's financial objectives and value creation strategy. “Nearly five years ago, we combined two mid-sized aerospace and defense companies to create a new competitor in the industry. Since then, we have been shaping our portfolio into a national security and technology-focused company aligned with growing end markets across all domains. We inten.

L3Harris Details Financial Objectives and Value Creation Strategy at 2023 Investor Day

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) will host its Investor Day today in person and via webcast from 9 a.m. to 12:30 p.m. ET at the company's Florida headquarters. Instructions for streaming the event live can be found at Investorday.L3Harris.com. L3Harris Chair and CEO Christopher E. Kubasik and other members of the executive leadership team will provide updates on the company's strategy, operational performance and anticipated highlights for 2024. Slides from the.

L3Harris to Host Investor Day

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (“L3Harris”) (NYSE: LHX) today announced that its Board of Directors has appointed Kirk S. Hachigian, former Chair and CEO of JELD-WEN Holding, Inc. and Cooper Industries plc., and William H. (“Bill”) Swanson, retired Chair and CEO of Raytheon Company, to its Board effective immediately. In addition, the Board intends to appoint an additional independent director in 2024. Consistent with the company's commitment to shareholder value creati.

L3Harris Continues Board Refreshment and Provides Update on Shareholder Value Creation Activities

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Kratos Defense & Security Solutions

Investors got a jolt back to reality about the volatile geopolitical landscape after the Hamas attacks on Israel. When the news broke, the best defense stocks rallied.

The 3 Best Defense Stocks to Buy in December

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) today announced that it has appointed Kenneth “Ken” L. Bedingfield as Senior Vice President and Chief Financial Officer (CFO), reporting to Chair and Chief Executive Officer Christopher E. Kubasik, effective Dec. 11, 2023, succeeding Michelle Turner. As CFO, Bedingfield, 51, will serve as a member of the senior leadership team and direct the company's financial strategy and its global finance team. He brings thirty years of exp.

L3Harris Names Ken Bedingfield Senior Vice President and Chief Financial Officer

NEW YORK--(BUSINESS WIRE)--TJC, L.P. (“TJC”), announced today that an affiliate of the Resolute Fund VI, L.P. (“Resolute VI”) has entered into a definitive agreement with L3Harris Technologies (NYSE:LHX) to acquire its Commercial Aviation Solutions business (“CAS,” or the “Company”) for $700 million (“Cash Purchase Price,”) plus a contingent earnout payment of up to $100 million based on the Company's Avionics business unit hitting performance targets in 2023 and 2024. The transaction is expect.

TJC Agrees to Acquire L3Harris' Commercial Aviation Solutions Business

L3Harris Technologies is selling its commercial aviation solutions business to private equity firm TJC L.P. for $800 million, the defense company said on Monday.

L3Harris to sell its commercial aviation solutions business for $800 mln

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) today announced the signing of a definitive agreement under which an affiliate of TJC L.P. will acquire L3Harris' Commercial Aviation Solutions (CAS) business for $800 million. The acquisition includes a $700 million cash purchase price and $100 million earnout based on the achievement of certain 2023 and 2024 financial performance targets, which together represent an approximate 15x LTM 9/30 EBITDA purchase multiple. The trans.

L3Harris Technologies Announces Definitive Agreement to Sell its Commercial Aviation Solutions Business to TJC for $800 Million

I'm putting a heavy focus on aerospace, defense, and REITs, with a keen interest in key players like Lockheed Martin, Northrop Grumman, RTX Corp., and L3Harris Technologies. Due to global tensions, defense stocks, including L3Harris, are holding strong. The company's solid performance, diverse segments, and smart moves in the space industry are contributing to its resilience. L3Harris looks promising with robust financials, improving margins, a healthy order book, and a diverse business portfolio.

With Significant Potential, L3Harris Remains My Favorite Deep Value Dividend Stock

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News for L3Harris Stock (LHX)