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

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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

Earnings data Q2 2021

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Earnings data Q1 2022

Earnings data Q2 2022

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Earnings data Q1 2023

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Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

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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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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.

MELBOURNE, Fla.--(BUSINESS WIRE)--The U.S. Navy awarded L3Harris Technologies (NYSE:LHX) a contract worth up to ~$380M – for the production, repair, and sustainment of the Cooperative Engagement Capability (CEC) system with an initial award of ~$15M. The CEC system enables high quality situational awareness and integrated fire control capability for the battle force. It is designed to enhance the anti-air warfare (AAW) capability of U.S. Navy ships, U.S. Navy aircraft, U.S. Marine Corps Composi

L3Harris Secures Strategic JADC2 Win with U.S. Navy's ~$380M Cooperative Engagement Capability Contract

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) has been awarded a contract to build the Space Development Agency's (SDA) Tranche 1 Tracking Layer satellite program to serve as “eyes in the sky” detecting, identifying and tracking advanced missile threats. The contract has a potential total value of $700 million. “Investing in resilient space assets and acting as a Trusted Disruptor in this market are core to our long-term strategy,” said Christopher E. Kubasik, Chair and Chi

L3Harris Secures $700 Million Advanced Missile Tracking Space Development Agency Program

ROCHESTER, N.Y.--(BUSINESS WIRE)--NASA, in partnership with ESA (European Space Agency) and CSA (Canadian Space Agency), released the James Webb Space Telescope's first full-color images and spectroscopic data Tuesday, July 12. L3Harris Technologies (NYSE:LHX) engineers and technicians integrated the complex system of mirrors and rigorously tested the telescope's hardware to simulate the harsh conditions of space. As the world's largest and most powerful space telescope, Webb's images will demo

L3Harris Integrated and Tested Critical Instruments on NASA's James Webb Space Telescope; First Images Unveiled

L3Harris (LHX) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Can L3Harris (LHX) Keep the Earnings Surprise Streak Alive?

Mynaric AG

MUNICH, GERMANY and MELBOURNE, FL / ACCESSWIRE / July 5, 2022 / Mynaric (NASDAQ:MYNA)(FRA:M0Y) and L3Harris (LHX) today signed agreements related to an investment in Mynaric by L3Harris and to future collaboration. With the strategic investment, the companies seek to build on their existing collaboration in the airborne domain and widen the scope to cover all domains including space, air, maritime and ground.

Mynaric Signs L3Harris as Strategic Investor and Intensifies Collaboration

MELBOURNE, Fla.--(BUSINESS WIRE)--A L3Harris Technologies (NYSE:LHX) infrared instrument set to launch June 30 will significantly improve the ability to capture high-resolution imagery and other important battlefield information from space – a critical capability for the nation's future missile defense efforts. L3Harris is providing the instrument as part of a wide-field-of-view satellite that also will help inform future space-based missile defense missions and architectures. The satellite wil

L3Harris Infrared Space Technology to Enhance Battlefield Imagery and Missile Defense Detection

In this article, I discuss three reasons that make L3Harris a terrific dividend stock. The company benefits from higher (expected) global defense spending and its ability to generate significant shareholder value thanks to a well-diversified business model.

3 Reasons To Buy L3Harris Dividends

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) has received three of the U.S. Department of Defense's prestigious James S. Cogswell awards for outstanding industrial security performance. The recognition marks the 18th consecutive year L3Harris has earned at least one award, an unparalleled achievement. DoD recognized these L3Harris locations from among 26 facilities within approximately 12,500 industry-wide cleared ones. The facilities earning the award for establishing and

L3Harris Receives DoD's Top Industrial Security Excellence Award for the 18th Consecutive Year

U.S. defence contractor L3Harris is in talks to buy Israeli spyware firm NSO Group, U.S. and Israeli media reported, citing sources with knowledge of the deal.

L3Harris in talks to buy Israeli spyware firm NSO - reports

Deal – which would require approval from US and Israel – would give L3Harris control over controversial Pegasus tool

US defence contractor in talks to take over NSO Group's hacking technology

MELBOURNE, Fla.--(BUSINESS WIRE)--A team led by L3Harris Technologies (NYSE:LHX) has been selected to provide the Shipboard Panoramic Electro-Optic/Infrared (SPEIR) system to the U.S. Navy that will provide improved fleet protection. The initial $205 million contract has a potential value of $593 million if all options are exercised through March 2031. The SPEIR program represents a generational leap forward in the use of 360-degree electro-optic and infrared (EO/IR) imagery and situational awa

US Navy Awards L3Harris $205 Million Contract for New Passive EO/IR Capability to Protect Fleet

Duke Energy

Innovative service for nuclear facilities provides customized, immersive 3D simulations. Solution provides way for customers to address operational opportunities and challenges, while improving efficiency, reducing costs.

Duke Energy One, L3Harris offer new operational solution for nuclear power plants

Sidus Space

CAPE CANAVERAL, Fla.--(BUSINESS WIRE)--Sidus Space, Inc. (NASDAQ:SIDU), a Space-as-a-Service satellite company focused on commercial satellite design, manufacture, launch, and data collection, is pleased to announce its selection of L3Harris Technologies (NYSE:LHX) InControl™ and OnTime™ software for command and control and mission planning for LizzieSat™ Constellation. InControl will provide satellite command and control software for on-orbit, factory test and ground system monitor and control

Sidus Space Selects L3Harris Mission Critical Operations Center Software for LizzieSatTM Constellation

General Dynamics

Lockheed Martin

Raytheon Technologies

BAE Systems PLC

President Joe Biden signed the fiscal year 2022 defense budget bill in mid-March, appropriating $728.5 billion to the country's military.

5 Incredible Defense Stocks for Playing Offense Against Inflation

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) has been selected by the U.S. Department of Defense to deliver artificial intelligence services to improve intelligence gathering and collaboration across the defense and intelligence communities. The Joint Artificial Intelligence Center (JAIC) Data Readiness for AI Development contract is a five-year blanket purchase agreement that allows the DOD to more effectively use artificial intelligence. Data must undergo a preparation p

L3Harris Selected for Key Department of Defense Artificial Intelligence Program

ROCHESTER, N.Y.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) has received a $297 million IDIQ contract increase for its Falcon® IV AN/PRC-167 radio systems from the U.S. Special Operations Command (USSOCOM). USSOCOM increased the initial IDIQ ceiling from $255 million to $552 million. This follows two orders in Q4 2021 totalling $36 million, the latest in a series of full-rate production orders in support of the Next Generation Tactical Communications (NGTC) program. “Reaching the origina

L3Harris Receives $297 Million Tactical Radio Contract Ceiling Increase from US Special Operations Command

MELBOURNE, Fla.--(BUSINESS WIRE)--The L3Harris Technologies-built (NYSE:LHX) high-resolution Advanced Baseline Imager (ABI) onboard NOAA's newest weather satellite captured its first image since launching into space two months ago – a significant milestone prior to reaching full operational status. The GOES-18 full disk GeoColor image was captured May 5, 2022. This type of imagery combines data from multiple ABI channels to approximate what the human eye would see from space. The ABI is the pri

L3Harris High-Resolution Weather Imager Capture First Image From Space

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) today announced that Joanna L. Geraghty, President and Chief Operating Officer of JetBlue Airways Corporation, has been elected to its Board of Directors. Her addition expands the L3Harris Board to 14 members. “Joanna is a proven leader who brings deep expertise and experience across business, operations, technology and talent domains, including from her current role leading operations for a major U.S. airline,” said William M.

L3Harris Elects JetBlue President and COO Joanna L. Geraghty to Board of Directors

In this article, I explain the need to hold high-quality companies - especially when market uncertainty is high. L3Harris is one of my favorite dividend growth stocks as it has a stellar business model that generates a lot of cash.

L3Harris - (High) Dividend Growth That Lets You Sleep Well At Night

L3Harris Technologies' (LHX) revenues of $4,103 million miss the Zacks Consensus Estimate by 0.5% and decline 10.2% year over year

L3Harris (LHX) Q1 Earnings Top Estimates, Revenues Fall Y/Y

L3Harris Technologies, Inc. (NYSE:LHX ) Q1 2022 Earnings Conference Call April 29, 2022 8:30 AM ET Company Participants Rajeev Lalwani - VP of IR Chris Kubasik - VC and CEO Michelle Turner - CFO Conference Call Participants Robert Spingarn - Melius Research Sheila Kahyaoglu - Jefferies Robert Stallard - Vertical Research Partners Gautam Khanna - Cowen and Company Peter Arment - Baird Doug Harned - Bernstein Richard Safran - Seaport Research Partners David Strauss - Barclays Bank Michael Ciarmoli - Truist Securities Operator Greetings. Welcome to the L3Harris Technologies First Quarter Calendar Year 2022 Earnings Call.

L3Harris Technologies, Inc. (LHX) CEO Chris Kubasik on Q1 2022 Results - Earnings Call Transcript

L3Harris (LHX) delivered earnings and revenue surprises of 3.31% and 0.49%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

L3Harris (LHX) Q1 Earnings Beat Estimates

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) today announced its first quarter fiscal year 2022 results in an Investor Letter, which was posted to the Investor Relations section of the company's website. As previously announced, the company will host an approximately 45 minute call on April 29, 2022 at 8:30 a.m. ET focused on questions and answers. The dial-in numbers for the teleconference are (U.S.) 877-407-6184 and (International) 201-389-0877, and participants will be

L3Harris Releases First Quarter 2022 Financial Results

L3Harris Technologies' (LHX) first-quarter results are likely to benefit from the growth in ISR and the strength in space in airborne systems, weighed down by the impacts of supply-chain challenges.

Will Supply-Chain Constraint Hurt L3Harris' (LHX) Q1 Earnings?

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) announced it will release financial results for its first quarter of fiscal year 2022 on Thursday, April 28, 2022. The company is combining prepared remarks, earnings release and webcast slides into a new Investor Letter, which will be issued at approximately 4:30 p.m. Eastern Time (ET) and made available on L3Harris.com. The following morning, April 29, 2022, company leadership will host a call at 8:30 a.m. ET. The call will la

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