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

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Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

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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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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.

LHX is set to provide its MIDS JTRS Programmable Radio to the U.S. Navy with its recent contract win.

L3Harris Receives $1B Deal, To Provide Communication Technology

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) has received an indefinite delivery, indefinite quantity award from the U.S. Navy, worth up to $999 million, to provide U.S. and coalition forces with resilient communications technology. Over the next five years, L3Harris will deliver its Multifunctional Information Distribution System Joint Tactical Radio System Terminals (MIDS JTRS). L3Harris is one of two providers of the MIDS JTRS solution, which is a critical, software-de.

US Navy Awards L3Harris Nearly $1 Billion IDIQ Contract

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

Why L3Harris (LHX) is a Top Momentum Stock for the Long-Term

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The current market presents a complex mix of opportunities and risks, influenced by the Trump presidency, Fed policies, and elevated valuations. These factors require careful stock selection. I am focusing on sectors with strong recovery potential and long-term tailwinds, such as transportation and defense, while considering valuation and growth potential. My picks include high-quality, dividend-paying stocks positioned for growth, pricing power, and resilience, making them ideal investments for a volatile market.

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My portfolio initially surged post-election but has since faced pressure due to market uncertainty surrounding Trump's controversial appointments and their economic impact. Key affected sectors include healthcare, defense, and consumer staples, with significant declines in stocks like Lockheed Martin and Northrop Grumman. I focus on the defense sector's sell-off, explaining the risk/reward outlook and emphasizing my investments in innovative defense companies like RTX and GE Aerospace.

Defense Stocks Under Fire: Why I'm Buying The Dip

L3Harris Technologies, Inc. (NYSE:LHX ) Baird's Global Industrial Conference November 12, 2024 11:50 AM ET Company Participants Kenneth Bedingfield - SVP and CFO Christopher Kubasik - Chair and CEO Conference Call Participants Peter Arment - Robert W. Baird & Co. Peter Arment Okay.

L3Harris Technologies, Inc. (LHX) Baird's Global Industrial Conference (Transcript)

Shares of Lockheed, Northrop, and other defense contractors are having a lousy day. The precise reason is hard to say.

Defense Stocks Are Taking It On The Chin.

L3Harris Technologies NYSE: LHX has many factors in its favor to provide ample tailwind for share prices, including Donald Trump. His defense policies were a boon to the defense industry during the first administration and will likely do so again.

L3Harris: Positioned for Gains With Trump's Defense Policies

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) has completed Safety of Flight (SOF) qualification on its Viper Shield™ all-digital electronic warfare (EW) suite for F-16 fighter jets. The company will provide the advanced capability to F-16 fleets for six international partners. The Viper Shield system passed a series of environmental and electrical tests across structural integrity, thermal and electrical safety, and aircraft aerodynamics areas. Through the extensive SOF r.

L3Harris Electronic Warfare System Completes Safety of Flight Testing

Kratos Defense & Security Solutions

Cathie Wood is known for taking major positions in speculative opportunities, and three stocks in her portfolio may indicate a new pocket of AI that rarely is spoken about.

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BWX Technologies

LYNCHBURG, Va. & MELBOURNE, Fla.--(BUSINESS WIRE)--BWX Technologies, Inc. (NYSE: BWXT) and L3Harris Technologies, Inc. (NYSE: LHX) today announced the signing of a purchase agreement for BWXT to acquire L3Harris' Aerojet Ordnance Tennessee, Inc. (A.O.T.) business for approximately $100 million. A.O.T. is a leading provider of advanced specialty materials, fabrication and high-strength alloy manufacturing, including depleted uranium engineered materials. A.O.T. will further enhance BWXT's capabi.

BWXT to acquire L3Harris' A.O.T. business to expand special materials portfolio

LYNCHBURG, Va. & MELBOURNE, Fla.--(BUSINESS WIRE)---- $BWXT--BWX Technologies, Inc. (NYSE: BWXT) and L3Harris Technologies, Inc. (NYSE: LHX) today announced the signing of a purchase agreement for BWXT to acquire L3Harris' Aerojet Ordnance Tennessee, Inc. (A.O.T.) business for approximately $100 million. A.O.T. is a leading provider of advanced specialty materials, fabrication and high-strength alloy manufacturing, including depleted uranium engineered products. A.O.T. will further enhance BWXT's capabil.

BWXT to Acquire L3Harris' A.O.T. Business to Expand Special Materials Portfolio

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) Chair and CEO Christopher E. Kubasik and Chief Financial Officer Ken Bedingfield will present at Baird's Global Industrial Conference at 10:50 a.m. ET on Tuesday, Nov. 12, in Chicago. The presentation will stream live on the L3Harris website with a recording available following the event. L3Harris Aerojet Rocketdyne President Ross Niebergall will join Bedingfield at the UBS Global Industrials Conference at 1 p.m. ET on Wednesday.

L3Harris to Present at Upcoming Investor Conferences

Investments by L3Harris Technologies into its Aerojet Rocketdyne rocket motor unit have helped improve facilities and processes after years of underinvestment and late deliveries to customers, an executive told Reuters.

L3Harris' rocket motor unit investments boosting output

Palantir Technologies

BofA Securities analyst Ronald J. Epstein upgraded L3Harris Technologies, Inc. LHX to Buy from Neutral and raised the price target to $300 from $240.

L3Harris And Palantir Collaboration Key To Future Growth, BofA Upgrades Stock

L3Harris Technologies' subsidiary Aerojet Rocketdyne has doubled its monthly production of motors for GMLRS rockets that are heavily used in Ukraine, a company executive said on Tuesday, as global demand surges to supply Kyiv and to rebuild shrinking U.S. stockpiles.

L3Harris unit making rocket motors used in Ukraine says business has surged

L3Harris Technologies, Inc. is a high-conviction dividend growth stock, leveraging strategic high-margin contracts and innovative partnerships to drive impressive returns and future growth. The company boasts a record $34 billion backlog, robust revenue growth, and rising margins, positioning it well for long-term profitability. L3Harris is on track to meet its net leverage target, enabling aggressive shareholder returns through dividends and buybacks, with a promising 2026 free cash flow yield of nearly 6%.

Mission-Critical Dividends: Why L3Harris Stands Out In My Portfolio

L3Harris Technologies Inc LHX stock is trading higher after the company reported better-than-expected third-quarter financial results.

L3Harris Poised For 2025 Growth: Analysts Highlight Q3 Earnings Beat, Solid Orders, And Margin Expansion Potential

L3Harris Technologies, Inc. (NYSE:LHX ) Q3 2024 Earnings Conference Call October 25, 2024 8:30 AM ET Company Participants Daniel Gittsovich - VP, IR Christopher Kubasik - Chair and CEO Kenneth Bedingfield - SVP and CFO Conference Call Participants Sheila Kahyaoglu - Jefferies Myles Walton - Wolfe Research Richard Safran - Seaport Research Partners Douglas Harned - Bernstein Matthew Akers - Wells Fargo David Strauss - Barclays Michael Ciarmoli - Truist Gautam Khanna - TD Cowen Peter Skibitski - Alembic Global Seth Seifman - JPMorgan Peter Arment - Baird Jeremy Jason - Citi Operator Good morning everyone. Welcome to the L3Harris Technologies Third Quarter 2024 Earnings Call.

L3Harris Technologies, Inc. (LHX) Q3 2024 Earnings Call Transcript

LHX's third-quarter revenues miss the Zacks Consensus Estimate by 0.6%. The company still expects to generate adjusted free cash flow worth approximately $2.2 billion in 2024.

L3Harris' Q3 Earnings Surpass Estimates, Revenues Increase Y/Y

The headline numbers for L3Harris (LHX) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

L3Harris (LHX) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

L3Harris (LHX) came out with quarterly earnings of $3.34 per share, beating the Zacks Consensus Estimate of $3.27 per share. This compares to earnings of $3.19 per share a year ago.

L3Harris (LHX) Q3 Earnings Top Estimates

L3Harris raised the lower end of its annual profit and revenue forecasts on Thursday, betting on sustained weapons demand and robust defense spending amid escalating global security concerns.

L3Harris lifts lower end of 2024 results forecast amid global tensions

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) reported third quarter 2024 diluted EPS of $2.10, an increase of 4% from third quarter 2023, on third quarter 2024 revenue of $5.3 billion, an increase of 8%. Third quarter 2024 non-GAAP diluted EPS was $3.34, a 5% increase from third quarter 2023. A reconciliation of non-GAAP results are detailed in tables beginning on page 11. "We delivered strong third-quarter results, highlighted by outstanding book-to-bill of 1.4x, solid o.

L3Harris Technologies Reports Strong Third Quarter 2024 Results, Increases 2024 Guidance

L3Harris Technologies, Inc. LHX will release earnings results for its third quarter, after the closing bell on Thursday, Oct. 24.

News for L3Harris Stock (LHX)