Revenue segments as reported by the company.

Integrated Mission Systems

Space & Airborne Systems

Communication Systems

Aerojet Rocketdyne

Aviation Systems

Corporate eliminations

Revenue Segments

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

Business divestiture-related gains (losses)

Impairment of goodwill and other assets

Non-operating income

Interest expense, net

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

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Growth

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

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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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Cost of revenue

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SG&A

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EBITDA

Net income

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Net change in cash

Free cash flow

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.

1Q23 results showed organic growth in revenue of 7%, and adjusted EPS of $2.86, slightly beating the consensus estimate of $2.85. The company is also likely to benefit from the US Department of Defense's decision to increase its 2024 budget.

L3Harris Technologies: Valuation Gap Vs. Peers Presents A Buying Opportunity

SALT LAKE CITY--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) received a U.S. Air Force contract award to develop a Common Tactical Edge Network (CTEN) providing an aerial military Internet of Things to support the Advanced Battle Management System and Joint All-Domain Command and Control (JADC2) initiatives. The system will include a meshed network of defense and commercial resources, enhancing aerial interoperability for U.S. and allied forces by incorporating commercial-like, high-speed.

L3Harris to Develop US Air Force Common Tactical Edge Network

Caterpillar

Fifth Third Bancorp

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Williams-Sonoma

As the overall stock market remains choppy, plenty of investors may be considering which dividend stocks to buy for steady, reliable returns. In the near term, stocks offering average- to above-average yields can produce steady gains in a sideways market.

The 7 Best Dividend Stocks to Buy for May 2023

In this article, I re-visit one of my all-time favorite defense contractors and dividend growth stock L3Harris Technologies. LHX, which trades 28% below its all-time high, is now benefiting from accelerating new orders, fading supply chain issues, and its ability to turn earnings into high free cash flow.

L3Harris: A Ridiculously Undervalued Dividend Stock

L3Harris Technologies, Inc. (LHX) Q1 2023 Earnings Call Transcript.

L3Harris Technologies, Inc. (LHX) Q1 2023 Earnings Call Transcript

L3Harris' (LHX) Q1 2023 revenues of $4,471 million beat the Zacks Consensus Estimate of $4,241 million by 5.4%. The top line rises 9% from the year-ago quarter's $4,130 million.

L3Harris (LHX) Q1 Earnings Miss Estimates, Sales Up Y/Y

L3Harris (LHX) came out with quarterly earnings of $2.86 per share, missing the Zacks Consensus Estimate of $2.87 per share. This compares to earnings of $3.12 per share a year ago.

L3Harris (LHX) Q1 Earnings Miss Estimates

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) today announced its first quarter fiscal year 2023 results in an Investor Letter posted to the Investor Relations section of the company's website. L3Harris Chair & CEO Chris Kubasik and CFO Michelle Turner will host an approximately 45-minute call on April 28, 2023, at 8:30 a.m. ET focused on questions and answers. To access the teleconference, participants in the U.S. may call 877-407-6184, while international participant.

L3Harris Releases First Quarter 2023 Results

L3Harris' (LHX) first-quarter results are likely to benefit from growth across all its segments, weighed down by the impacts of the inflated cost of materials and labor.

Will Segmental Revenues Aid L3Harris (LHX) Q1 Earnings?

L3Harris (LHX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: L3Harris (LHX) Q1 Earnings Expected to Decline

L3Harris (LHX) secures a $15.6 million contract to support the production of submarines.

L3Harris (LHX) Wins $15.6M Deal to Support Submarine Production

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) announced the award of option year four of the Maintenance Of Space Situational Awareness Integrated Capabilities (MOSSAIC) program. The $145 million contract from the U.S. Space Force continues the modernization and sustainment of critical space infrastructure enabling the Space Force core competency of Space Domain Awareness (SDA). In support of the U.S.

L3Harris Awarded $145 Million Contract to Modernize US Space Domain Awareness Capabilities

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High-yield dividend stocks  may be appealing, but when it comes to a long-term, income-based investing strategy, focusing on growth rather than the highest current yields may be the best way to go. After all, plenty of high-yielders can turn into dividend traps.

7 Dividend Stocks to Buy that Are Growing Their Dividends Fast

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) received a contract to provide next-generation geostationary imaging and sounding instruments for the Japan Meteorological Agency (JMA) that will monitor and predict severe weather events more accurately. The award continues L3Harris' legacy of producing critical space-based weather instruments for Japan.

L3Harris to Build Geostationary Weather Satellite Sensors for Japan

Sidus Space

Sidus Space said it is teaming up with L3Harris Technologies for the Department of Defense  Mentor-Protégé Program (MPP). The program helps businesses expand their footprint in the defense industrial base by supporting their partnering efforts with larger companies, such as L3Harris, Sidus said in a statement.

Sidus Space and L3Harris partner for Department of Defense Mentor-Protégé Program

CAPE CANAVERAL, Fla.--(BUSINESS WIRE)--Sidus Space, Inc. (NASDAQ:SIDU), a Space-as-a-Service company focused on commercial satellite design, manufacture, launch, and data collection, is teaming with L3Harris Technologies (NYSE:LHX) for the Department of Defense Mentor-Protégé Program (MPP). The DoD program helps businesses expand their footprint in the defense industrial base by supporting their partnering efforts with larger companies, such as L3Harris.

Sidus Space and L3Harris Team for the Department of Defense Mentor-Protégé Program

L3 Harris (LHX) to manufacture ALQ-211 AIDEWS, apart from providing engineering services and repair support for the same.

L3 Harris (LHX) Wins $584M Deal to Manufacture ALQ-211 AIDEWS

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) has completed the sale of its Visual Information Solutions (VIS) business to NV5 Global Inc. (NASDAQ: NVEE). The VIS business is a global provider of commercial geospatial software, technology and services used to extract and analyze reliable, accurate and actionable information from geospatial to terrestrial imagery.

L3Harris Completes Sale of Visual Information Solutions Business

L3Harris Technologies is one of America's largest defense suppliers, thanks to a well-diversified business model and a strategic merger in 2019. The only reason why dividend growth has come down is M&A-related deleveraging.

L3Harris Dividends - The Perfect Mix Between Growth And Value

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) will release financial results for its first quarter of fiscal year 2023 on Thursday, April 27, 2023. The company's first quarter results will be published in an Investor Letter, which will be issued at approximately 4:30 p.m. Eastern Time (ET) and made available at L3Harris.com. The following morning, Friday, April 28, 2023, company leadership will host a call at 8:30 a.m. ET.

L3Harris Sets Date for First Quarter Earnings Release

IRVINE, Calif.--(BUSINESS WIRE)--Stratus Financial is thrilled to announce our new partnership with L3Harris Technologies (“NYSE:LHX”), a leader in the aerospace industry. With this strategic alliance, Stratus can provide more comprehensive financial services to L3Harris' Sanford, Fla. Flight Academy's clients, helping them to build, protect and achieve their dreams.

Stratus Financial New Partnership With L3Harris Flight Academy

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) announced today a Cooperative Research and Development Agreement (CRADA) with the U.S. Army's Combat Capabilities Development Command (DEVCOM) Ground Vehicle Systems Center (GVSC) to collaborate on the implementation of the Army's Modular Open Systems Approach (MOSA) for its ground combat vehicles.

L3Harris to Assist in Development of Modular Open Systems for US Army Ground Vehicles

Aerojet Rocketdyne Holdings

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Redwire Corp

Space investors got bad news when Virgin Orbit announced furloughs and an "operational pause" last week. This week, we learned the company is looking to sell itself before it goes insolvent.

How Much Are Space Stocks Worth?

MELBOURNE, Fla.--(BUSINESS WIRE)--Today Aerojet Rocketdyne (NYSE: AJRD) shareholders overwhelmingly approved all necessary proposals to complete L3Harris Technologies' (NYSE: LHX) acquisition of the company.

L3Harris Statement on Aerojet Rocketdyne Shareholder Vote

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The best defense stocks may have a banner year ahead. Last year, Russia's invasion of Ukraine began.

News for L3Harris Stock (LHX)