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Integrated Mission Systems

Space & Airborne Systems

Communication Systems

Aerojet Rocketdyne

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

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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

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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.

In this article, we discuss L3Harris' ongoing post-merger business transformation, which has now gone from divestitures to strategic acquisitions. After buying the Tactical Data Links product line from Viasat, L3Harris is now buying Aerojet Rocketdyne in a deal valued at $4.7 billion.

Oh Boy, L3Harris Is Becoming An Impressive Defense Stock!

Aerojet Rocketdyne Holdings

Aerojet Rocketdyne (NYSE: AJRD ) stock is on the move today as investors react to a $4.7 billion deal with L3Harris Technologies (NYSE: LHX ). That deal has L3Harris Technologies agreeing to acquire Aerojet Rocketdyne for $58 per share in cash.

AJRD Stock Alert: What to Know as L3Harris Technologies Acquires Aerojet Rocketdyne

Defense contractor L3Harris plans to buy missile propulsion system maker Aerojet Rocketdyne for $4.7 billion in an all-cash transaction. The post L3Harris To Buy Top Rocket-Engine Producer For $4.7 Billion appeared first on Investor's Business Daily.

L3Harris To Buy Top Rocket-Engine Producer For $4.7 Billion

The shares of Aerojet Rocketdyne Holdings Inc (NYSE:AJRD) are up 1.8% at $55.85 this morning, after the company agreed to be bought by L3Harris Technologies (LHX) in a cash deal worth $4.7 billion, or $58 per share.

L3Harris Acquires Aerojet Rocketdyne in $4.7 Billion Deal

Lockheed Martin

In a transaction announced Sunday, L3Harris Technologies Inc. (NYSE: LHX) has reached a definitive agreement to acquire Aerojet Rocketdyne Holdings Inc.

L3Harris Takes a Shot at Acquiring Aerojet Rocketdyne

Aerojet was targeted by Lockheed Martin earlier this year but the aerospace and defense giant terminated its proposed $4.4 billion takeover after the Federal Trade Commission sued to block the acquisition.

L3Harris to Buy Aerojet Rocketdyne for $4.7 Billion

Defense firm L3Harris Technologies Inc. on Sunday said it agreed to buy Aerojet Rocketdyne Holdings Inc. in a $4.7 billion deal that would cement L3Harris's role as one of six prime defense contractors for the Pentagon.

L3Harris plans to buy rival defense contractor Aerojet for $4.7 billion

U.S. defense contractor L3Harris Technologies Inc said on Sunday it would buy Aerojet Rocketdyne Holdings Inc for $4.7 billion in an all-cash transaction, as it looks to tap into rising demand for missiles amid the Ukraine conflict.

Defense firm L3Harris to buy Aerojet for $4.7 billion with eye on missile demand

The deal would cement L3Harris's role as one of six prime defense contractors for the Pentagon.

L3Harris Plans to Buy Aerojet Rocketdyne for $4.7 Billion

MELBOURNE, Fla. & EL SEGUNDO, Calif.--( BUSINESS WIRE )--L3Harris Technologies (NYSE: LHX) and Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD) together announced the signing of a definitive agreement for L3Harris to acquire Aerojet Rocketdyne for $58 per share, in an all-cash transaction valued at $4.7 billion, inclusive of net debt.

L3Harris to Acquire Aerojet Rocketdyne

L3Harris Technologies Inc is nearing a $4.7 billion deal to acquire U.S. rocket maker Aerojet Rocketdyne Holdings Inc , 10 months after the latter's $4.4 billion sale to Lockheed Martin Corp fell through, people familiar with the matter said on Saturday.

Exclusive: L3Harris nears $4.7 billion deal to acquire Aerojet Rocketdyne

Northrop Grumman

The U.S. House of Representatives last week passed its version of the National Defense Authorization Act (NDAA), calling for a fiscal year 2023 defense budget of $858 billion, a year-over-year increase of 8% and $45 billion more than President Biden's spending request.

Morgan Stanley Changes Ratings, Targets on Lockheed, L3Harris, Northrop

MELBOURNE, Fla.--( BUSINESS WIRE )--L3Harris Technologies (NYSE:LHX) today announced delivery of the first of more than 100 T7™ explosive ordnance disposal robots to the U.S. Air Force as part of a contract supporting the USAF's global EOD mission.

L3Harris Delivers First T7 Explosive Ordnance Disposal Robots to US Air Force

Spirit Airlines

Spirit Wings Pilot Pathway Launches in Central Florida MIRAMAR, Fla. , Dec. 15, 2022 /PRNewswire/ -- The sky's the limit for aspiring Spirit Airlines (NYSE:SAVE) Pilots.

New Spirit Airlines & L3Harris Pathway Program Puts Aspiring Pilots on the Fast Track to a Successful Career

ROCHESTER, N.Y.--( BUSINESS WIRE )--L3Harris Technologies (NYSE: LHX) received today National Fire Protection Association certification for its emergency responder radio solution, the XL Extreme™ 400P radio and XL Extreme Speaker Microphone, validating they meet the most rigorous emergency responder requirements.

L3Harris Emergency Responder Radio Solution Receives NFPA Certification

SALT LAKE CITY--( BUSINESS WIRE )--The U.S. Army Communications-Electronics Command awarded L3Harris Technologies a contract worth up to $886 million to support intelligence, surveillance and reconnaissance capabilities for the Army, Department of Defense and intelligence community.

L3Harris Awarded Potential $886 Million Contract Supporting Enhanced Battlespace ISR

ABM Industries

Albemarle

Carlisle Companies

Lowe's

NextEra Energy

Perrigo

Regal Rexnord Corp

Essential Utilities

Exxon Mobil

Stocks of companies that raise dividends consistently have outperformed during this year's bear market.

10 Dividend Aristocrat stocks expected by analysts to rise up to 54% in 2023

General Electric

Industrial conglomerate General Electric Co and defense contractor L3Harris Technologies Inc are among those competing to acquire rocket maker Aerojet Rocketdyne Holdings Inc , according to people familiar with the matter.

Exclusive: General Electric, L3Harris among suitors vying for Aerojet -sources

MELBOURNE, Fla.--( BUSINESS WIRE )--L3Harris Technologies (NYSE:LHX) announced today receiving its first-ever Popular Science “Best of What's New” award for groundbreaking technology that can turn virtually any vehicle with a cargo bed into a mobile weapons system that can engage ground and airborne targets.

L3Harris' VAMPIRE Wins Popular Science “Best of What's New” Tech Award

Boeing

Relying solely on the payout ratio to determine a company's dividend safety is a misguided approach - there are simply too many moving parts. In this article, I discuss different approaches to properly analyze a company's dividend safety, using aerospace and defense companies The Boeing Company and L3Harris Technologies, Inc. as examples.

Boeing Vs. L3Harris: Looking At The Dividend Payout Ratio Was A Fool's Errand

MELBOURNE, Fla.--( BUSINESS WIRE )--L3Harris Technologies (NYSE: LHX) provided the booster, core and upper stage avionics for today's launch of the Artemis I, enabling the safe launch of the Space Launch System and the United States' first steps toward a return to the moon.

L3Harris' Space Avionics Crucial to Successful SLS Artemis I Launch

L3Harris Infrared Weather Forecasting Technology Launches on NOAA Satellite

L3Harris Technologies is back on track despite missing 3Q22 earnings estimates and downgrading its entire guidance. Supply chain issues were behind these downgrades. The good news is that these issues are fading while its contract structure is providing LHX with pricing power.

L3Harris Technologies - Some Great News For Bulls

L3Harris Delivers 10,000th Enhanced Night Vision Goggle-Binocular to the US Army and Receives New Production Order

Garmin

OLATHE, Kan., Nov. 1, 2022 /PRNewswire/ -- Garmin International, Inc., a unit of Garmin Ltd.

News for L3Harris Stock (LHX)