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

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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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.

ROCHESTER, N.Y.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) has received full-rate production orders for the U.S. Army's HMS (Handheld, Manpack & Small Form-Fit) program providing advanced multi-channel, multi mission communications for the Integrated Tactical Network. The Army awarded L3Harris more than $200 million for the multi-channel, software-defined Falcon IV® AN/PRC-163 handheld Leader Radios and AN/PRC-158 manpack radios that will increase warfighter effectiveness by enablin

L3Harris Receives First Full Rate Production Orders for Advanced Tactical Radios on US Army's HMS Contracts

L3Harris is one of the strongest defense companies on the market as management is doing a terrific job growing EBITDA and free cash flow. The company has a solid business model and the ability to deliver long-term, double-digit dividend hikes - and strong buybacks.

3 Reasons That Make L3Harris A Top-Tier Dividend Stock

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Goldman Sachs analyst Noah Poponak updated his ratings for several Aerospace & Defense stocks. L3Harris Technologies Inc (NYSE:LHX) downgraded to Sell from Neutral with a $207 price target, implying a downside of 7.17%.

Goldman Sachs Upgrades Northrop Grumman, General Dynamics & Downgrades L3Harris, Lockheed Martin

L3Harris (LHX) extends its campus in Indiana to address growing demand of the Department of Defense for advanced satellites.

L3Harris (LHX) Widens Indiana's Campus for DOD's Satellite Need

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) has accomplished a key milestone in the development of a missile tracking satellite prototype for the Space Development Agency (SDA). The completed Preliminary Design Review (PDR) defines the spacecraft's design baseline for delivery to SDA and allows the program to move to the next stage of delivering ground-breaking new capabilities at speed. When completed, the satellites will provide the capability to detect and track ballis

Space Development Agency Approves L3Harris Design Plans for New Missile Tracking Satellites

L3Harris Technologies Inc (NYSE: LHX) increased the size of its campus and is expanding its workforce in Fort Wayne, Indiana, to address the Department of Defense's need for advanced, resilient satellites. "At its new facility, L3Harris will develop technology to detect hypersonic missiles and defend against adversaries like Russia and China, track weather patterns around the world and boost our economy," said U.S. Rep.

L3Harris Expands Indiana Campus Size, Workforce To Support DoD Satellite Work

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) has increased the size of its campus and is expanding its workforce in Fort Wayne, Indiana to address the Department of Defense's growing and urgent need for advanced, resilient satellites. “Our customers face rapidly evolving threats now, not in years,” said Ed Zoiss, President, Space and Airborne Systems, L3Harris. “We've increased our investment and expanded our capacity prior to receiving program awards so we can help them a

L3Harris Increases Indiana Campus Size and Expands Workforce to Support Growing DOD Satellite Work

L3Harris Technologies Inc (NYSE: LHX) has secured a $100 million order from the U.S. Army for the Enhanced Night Vision Goggle – Binocular (ENVG-B) system to enhance soldier situational awareness, mobility, survivability, and lethality. The ENVG-B delivers imagery and data from the battlefield directly to the soldier's eye.

L3Harris Bags $100M Order From US Army For Enhanced Night Vision Goggle Technology

LONDONDERRY, N.H.--(BUSINESS WIRE)--The U.S. Army has awarded L3Harris Technologies (NYSE:LHX) a $100 million order for the Enhanced Night Vision Goggle – Binocular (ENVG-B) system that will enhance soldier situational awareness, mobility, survivability and lethality. The ENVG-B delivers imagery and data from the battlefield directly to the soldier's eye. The complete system will interface with the Army's family of weapon sights, while enhancing interoperability and data sharing. This marks the

L3Harris to Deliver Enhanced Night Vision Goggle Technology to the US Army

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The U.S. Air Force has selected L3Harris Technologies Inc (NYSE: LHX) robots to help protect its bases worldwide. The Air Force awarded L3Harris a 10-year, $85-million, IDIQ contract to produce up to 170 T7 robots to replace its existing 20-year-old Explosive Ordnance Disposal (EOD) system mitigates explosive threats at bases.

L3Harris Secures $85M Contract From US Air Force

LONDON--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) marked 100 years of support for the United Kingdom's defence and security needs by signing the Armed Forces Covenant, a significant commitment to members of the armed forces community. The pledge marks a new dimension of L3Harris's efforts to protect and advance the UK's interests at home and around the world through ground-breaking capabilities across all military branches and domains. The Armed Forces Covenant aims to provide employees

L3Harris Marks 100 Years in UK with Commitments to Armed Forces Community and Defence and Security Capabilities

MELBOURNE, Fla.--(BUSINESS WIRE)--The U.S. Air Force has chosen L3Harris Technologies (NYSE: LHX) robots to help protect its bases around the world. The Air Force awarded L3Harris a 10-year, $85-million, IDIQ contract to produce up to 170 T7™ robots to replace its existing 20-year-old Explosive Ordnance Disposal (EOD) system, which mitigates explosive threats at bases. The contract includes robots, robotics support, maintenance and training, with initial deliveries scheduled in 2022. “The T7 is

L3Harris Robots to Help Protect US Air Force Bases Around the World

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) has announced its five team members to bid on the Alliance Future Surveillance and Control (AFSC) program, designed to help NATO replace its Airborne Warning and Control System by 2035. The team is developing “system-of-systems” options for surveillance and control capabilities across all domains for NATO's AFSC program. These options provide better intelligence and more responsive control by enabling sensors and systems to shar

L3Harris Names Five NATO Teammates for Airborne Warning and Control System Solution

WASHINGTON--(BUSINESS WIRE)--[Satellite Show] — L3Harris Technologies (NYSE: LHX) has launched its new Hawkeye 4 (H4) Lite Very Small Aperture Terminal (VSAT), which connects warfighters virtually anywhere in the world. The H4 Lite is a mobile satellite communications terminal that can rapidly deploy and maneuver across a complex battlefield, while providing high-speed data communications for Internet, C5ISR and video transmission. This terminal, which is small enough to fit into a suitcase, wa

New L3Harris Hawkeye Terminal Connects Warfighters Anywhere in the World

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) has been awarded the initial planning and design phase of a potential $343 million (USD), 10-year contract to modernize Airservices Australia's enterprise-wide telecommunications network. Under the first phase of this program, L3Harris will design organization-wide voice and data networking, VHF radio communications and Automatic Dependent Surveillance-Broadcast (ADS-B) surveillance capability to Australia's air navigation syste

L3Harris to Design Airservices Australia's Telecommunications Network

L3Harris Technologies (LHX) enters into an agreement to sell off its ESSCO unit to Communications & Power Industries (CPI). The financial terms of the agreement were not disclosed.

L3Harris Technologies (LHX) to Divest ESSCO Unit to CPI

Communications & Power Industries LLC (CPI) has agreed to acquire  L3 ESSCO, Inc. (ESSCO) from an affiliate of L3Harris Technologies Inc (NYSE: LHX). The financial terms of the deal were not disclosed.

Communications & Power Industries To Acquire ESSCO Business Of L3Harris For Undisclosed Sum

PALO ALTO, Calif., Sept. 6, 2021 /PRNewswire/ -- Communications & Power Industries LLC (CPI) has entered into a definitive agreement to acquire L3 ESSCO, Inc. (ESSCO) from an affiliate of L3Harris Technologies, Inc. (NYSE: LHX).

Communications & Power Industries Agrees To Acquire The ESSCO Business Of L3Harris Technologies

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L3Harris Technologies Inc (NYSE: LHX) expands its satellite production site to include advanced production of unclassified satellites, which will deliver experimental capabilities for national defense. The company's Central Florida location is home to more than 100,000 square feet of space used to develop, manufacture, and test full satellites and components.

L3Harris Expands Satellite Production Site

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) is expanding its satellite production site to include advanced production of unclassified satellites, which will deliver experimental capabilities for national defense. The Central Florida location is home to more than 100,000 square feet of space used for development, manufacturing and testing of full satellites and components which already deliver complex, classified capabilities for national defense. The increased production

News for L3Harris Stock (LHX)