Revenue segments as reported by the company.

Integrated Mission Systems

Space & Airborne Systems

Communication Systems

Aerojet Rocketdyne

Aviation Systems

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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 2022

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Earnings data Q1 2023

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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.

L3Harris is not your typical defense contractor; its high-tech portfolio is positioned to capitalize on the evolving battlefield landscape.

L3Harris Is Equipping The Battlefield Of The Future

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) will host a conference call on Monday, January 31, 2022, at 8:30 a.m. Eastern Time (ET) to discuss its fourth quarter 2021 financial results. The dial-in numbers for the teleconference are (U.S.) 877-407-6184 and (International) 201-389-0877, and participants will be directed to an operator. Please allow at least 10 minutes before the scheduled start time to connect to the teleconference. Participants are encouraged to listen vi

L3Harris to Announce Fourth Quarter Results on Monday, January 31, 2022

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Wells Fargo Bumps Up Price Targets For Some Aerospace & Defense Companies

L3Harris Technologies Inc (NYSE: LHX) disclosed new alignment and organization of core businesses, moving from four to three focused segments, effective with its FY22, which began January 1, 2022. The company's three focused segments will be Integrated Mission Systems, Space and Airborne Systems, and Communication Systems.

L3Harris Eliminates Aviation Systems As Reporting Business Segment

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L3Harris Technologies Inc. LHX, +0.14% announced Monday an realignment in which it reduced the number of its business segments to three from four. The company said the move follows a portfolio shaping process that began in 2019, and emphasized on "high-growth, technology-differentiated businesses.

L3Harris streamlines businesses to 3 segments from 4

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) today announced a new alignment and organization of core businesses, moving from four to three focused segments: Integrated Mission Systems, Space and Airborne Systems and Communication Systems. In 2019, L3Harris began a portfolio shaping process with an emphasis on high-growth, technology-differentiated businesses. The positive results of that work enabled the new, streamlined structure. “Our customers and partners know L3Harri

L3Harris Announces Streamlining of Business Segments

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The stock market has made it very hard for income-oriented investors as dividend yields have fallen off a cliff. L3Harris is 15% below its 2021 highs, offers a 2.0% yield, and has a bullet-proof business model.

L3Harris: Inflation-Proof Dividend Growth

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) has delivered its fourth imager to NASA, completing the series of advanced weather sensors for NOAA's newest Geostationary Operational Environmental Satellites (GOES) and lays the groundwork for future imager programs. The fourth Advanced Baseline Imager (ABI) will be integrated into the GOES-U satellite, slated to launch in 2024, and will be operated by NOAA. The ABI is the world's most advanced imager, capable of capturing con

L3Harris Completes Delivery of Imagers for NOAA's Advanced Environmental Satellites

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) completed the final major design milestone on the U.S. Missile Defense Agency's (MDA) Hypersonic and Ballistic Tracking Space Sensor (HBTSS) program Phase IIb On-orbit Prototype Demonstration and has already begun building the demonstration satellite. Completing the CDR is the final design milestone ensuring performance, cost and schedule requirements can be met before beginning to build the satellite. However, L3Harris has been

L3Harris Completes Final US Missile Defense Agency Satellite Design Milestone

UBS analyst Myles Walton updated the ratings on General Dynamics Corp (NYSE: GD) and L3Harris Technologies Inc (NYSE: LHX) as part of a broader research note on U.S. Aerospace and Defense. The analyst upgraded General Dynamics to Buy from Neutral and raised the price target to $245 (an upside of 21%) from $220.

UBS Turns Bullish On General Dynamics; Downgrades L3Harris To Neutral

Back in May, I felt that shares of defense contractor L3 Harris Technologies, Inc. ( LHX , Financial) offered investors the chance for at least low double-digit returns based on the stock's valuation.

L3Harris Still Represents a Value Opportunity

MELBOURNE, Fla.--(BUSINESS WIRE)--Employees from L3Harris Technologies (NYSE:LHX) will foster future innovators by mentoring students on 47 teams to help them participate in robotics competitions around the country. The mentors will support elementary, middle and high school teams in 15 states including California, Colorado, Florida, Georgia, Indiana, Michigan, Minnesota, New Jersey, New York, Ohio, Oklahoma, Pennsylvania, Texas, Utah and Virginia. With guidance from L3Harris volunteers, and fi

L3Harris Employees to Foster Future Innovators by Mentoring Student Robotics Teams Nationwide

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) today announced that Admiral Harry B. Harris, Jr., U.S. Navy (Ret.) – former U.S. Ambassador to the Republic of Korea and Commander of the U.S. Pacific Command – has been elected to the Board of Directors. His addition expands the L3Harris Board to 13 members. Admiral Harris, 65, served as U.S. Ambassador to the Republic of Korea from 2018 to 2021, working closely with leading technology companies to promote innovation and colla

L3Harris Elects Former US Ambassador and Commander of US Pacific Command Admiral Harry B. Harris, Jr. (Ret.

NEW YORK, Dec. 7, 2021 /PRNewswire/ -- J.F. Lehman & Company ("JFLCO"), a leading middle-market private equity firm focused exclusively on the aerospace, defense, maritime, government and environmental sectors, is pleased to announce that an investment affiliate has completed the acquisition of the assets of the Narda-MITEQ division and the stock of Narda Safety Test Solutions, GmbH (collectively, "Narda-MITEQ" or the "Company") from L3Harris Technologies, Inc. ("L3Harris" (NYSE:LHX)).

J.F. Lehman & Company Acquires Narda-MITEQ

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) has completed the sale of its Narda-MITEQ business to an investment affiliate of J.F. Lehman & Company. Narda-MITEQ was part of L3Harris' Aviation Systems segment and provides high performance amplifiers, integrated microwave assemblies, pin diode switches, safety and measurement instrumentation, and other components for use in radiofrequency and microwave systems. About L3Harris Technologies L3Harris Technologies is an agil

L3Harris Completes Sale of its Narda-MITEQ Business

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) successfully completed the final design review for the Space Development Agency's missile-tracking program. The company will continue with development and integration of four satellites for Tracking Layer Tranche 0 under a $193 million firm, fixed-price contract. L3Harris completed Critical Design Review in November, and the company will proceed through build, integration, test, and acceptance on the way to the launch phase in e

Space Development Agency Approves L3Harris' Missile-Tracking Satellite Design

PALO ALTO, Calif., Nov. 29, 2021 /PRNewswire/ -- Communications & Power Industries (LLC) has completed the previously announced acquisition of L3 ESSCO, Inc. (ESSCO) from an affiliate of L3Harris Technologies, Inc. (NYSE: LHX).

Communications & Power Industries Completes ESSCO Acquisition

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) has completed the sale of its ESSCO business to Communications & Power Industries (CPI). ESSCO was part of L3Harris' Aviation Systems segment and produces radomes for military and commercial use. CPI is a global manufacturer of electronic components and subsystems focused primarily on communications and defense markets. About L3Harris Technologies L3Harris Technologies is an agile global aerospace and defense technology inno

L3Harris Completes Sale of its ESSCO Business

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L3Harris Technologies Inc (NYSE: LHX) received a $125 million multi-year contract to produce space electronic warfare systems that safeguard U.S. military operations and warfighters. Under the Meadowlands production program, L3Harris will upgrade 16 Block 10.2 versions of Counter-Communications Systems (CCS) operating in Peterson Space Force Base, Colorado, Vandenburg Space Force Base, California, Cape Canaveral Space Force Station, Florida, and multiple international locations.

L3Harris Bags $125M Contract To Upgrade Space Force Counter-Communications

ROCHESTER, N.Y.--(BUSINESS WIRE)--The Canadian Armed Forces has become the first international customer of L3Harris Technologies' (NYSE:LHX) new Compact Team Radio, ordering more than 1,000 radios and kits to enhance communications from the tactical edge all the way to command headquarters. The RF-9820S Compact Team Radio is an easy-to-use and ruggedized solution leveraging robust technologies from fielded and emerging company products. The recent order adds to Canada's inventory of battle-test

Canada Becomes First International Customer for New L3Harris Compact Team Radio

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) received a $125 million multi-year contract to produce space electronic warfare systems that safeguard U.S. military operations and warfighters. Under the Meadowlands production program, L3Harris will upgrade 16 Block 10.2 versions of Counter-Communications Systems (CCS) operating in Peterson Space Force Base, Colo., Vandenburg Space Force Base, Calif., Cape Canaveral Space Force Station, Fla., and multiple international locatio

L3Harris to Upgrade Space Force Counter-Communications Via $125 Million Contract

DALLAS--(BUSINESS WIRE)--A new large-scale solar infrastructure project, built in part by Texas veterans, began commercial operation under a power contract between L3Harris Technologies (NYSE:LHX) and Lightsource bp. The agreement with L3Harris enabled Lightsource bp to finance and construct the solar project, which broke ground in January. Lightsource bp, owner and operator of the site, selected McCarthy Building Companies, Inc. as the Engineer, Procure, and Construct (EPC) contractor for the

News for L3Harris Stock (LHX)