Revenue segments as reported by the company.

Integrated Mission Systems

Space & Airborne Systems

Communication Systems

Aerojet Rocketdyne

Aviation Systems

Corporate eliminations

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

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

Engineering, selling and administrative

Business divestiture-related gains (losses)

Impairment of goodwill and other assets

Non-operating income

Interest expense, net

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

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

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

ViaSat

L3Harris (LHX) announced it is buying Viasat's (VSAT) government systems unit for $1.96 billion. This is why.

Why L3Harris (LHX) Is Buying Viasat's (VSAT) Government Systems Unit For $1.96 Billion

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris to Acquire Viasat's tactical data link product line expanding JADC2 and its resilient networking focus

L3Harris to Acquire Viasat's Tactical Data Link Business

The US defense sector is particularly attractive given its non-cyclicality and rising Pentagon budget to combat threats from China and Russia. L3Harris has core franchises in space, communications, and electronics that have led to book-to-bill above 1.0x and should drive solid revenue growth in coming years.

L3Harris Is A Defensive Investment At An Attractive Valuation

Russia's invasion of Ukraine has sharpened military leaders' focus on cybersecurity and the need for more satellite-based communications.

Defense Contractor L3Harris Near Deal to Buy Part of Viasat's Government-Systems Unit, Sources Say

General Dynamics

Huntington Ingalls Industries

Lockheed Martin

Northrop Grumman

Raytheon Technologies

The massive rally driven by the Bank of England's ridiculous foray back into quantitative easing was a one and done.

This Market May Crash: Why 6 ‘Strong Buy' Dividend Defense and Aerospace Stocks Can Survive

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies Sets Date for Third Quarter 2022 Earnings Release

L3Harris Technologies Sets Date for Third Quarter Earnings Release

MELBOURNE, Fla.--(BUSINESS WIRE)--Jon Rambeau Named as New President of L3Harris' Integrated Missions Systems Segment

Jon Rambeau Named as New President of L3Harris' Integrated Missions Systems Segment

TransDigm

In light of increasing geopolitical conflicts around Europe, five aerospace and defense stocks with high GF Scores and guru ownership based on second-quarter 13F filings are Lockheed Martin Corp. ( LMT , Financial), General Dynamics Inc. ( GD , Financial), L3Harris Technologies Inc. ( LHX , Financial), TransDigm Group Inc. ( TDG , Financial) and Moog Inc. ( MOG.A , Financial) according to the All-in-One Screener, a Premium feature of GuruFocus.

5 Aerospace and Defense Stocks Gurus Are Fortifying

MELBOURNE, Fla.--(BUSINESS WIRE)-- #AirForceTech--L3Harris Technologies (NYSE: LHX) won a $91.5 million contract from Boeing to supply mission-management processors for the T-7A Red Hawk, the newest U.S. Air Force jet trainer in 60 years. The mission-management processors, developed specifically for the Red Hawk, collate multiple data streams, making the information a pilot has to process in-flight easier to decipher. The sensors and communication capabilities maximize battlespace awareness by connecting inter

L3Harris Selected by Boeing for T-7A Red Hawk Jet Trainer Mission-Management Processors

Embraer

ARLINGTON, Va.--(BUSINESS WIRE)--L3Harris and Embraer to Develop New Agile Tanker via KC-390 to Support U.S. Air Force Operational Imperatives

L3Harris and Embraer to Develop New Agile Tanker via KC-390 to Support Air Force Operational Imperatives

MELBOURNE, Fla.--(BUSINESS WIRE)-- #JADC2--L3Harris Selected As Member of Air Force Advanced Battle Management System Digital Infrastructure Consortium

L3Harris Selected As Member of Air Force Advanced Battle Management System Digital Infrastructure Consortium

NextEra Energy

Why chase the market when we can let 15% per year—every year—come to us?

The Safe, Simple Way To Earn 15% Yearly From Stocks

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris CFO Michelle Turner will present at the 10th Annual Morgan Stanley Laguna Conference on Thursday September 15, 2022.

L3Harris Chief Financial Officer to Present at Morgan Stanley 10th Annual Laguna Conference

Leidos Hld

The U.S. national defense budget for fiscal year 2022 totaled $777.7 billion and expires at the end of September.

RBC Picks 3 Defense Contractor Stocks as Top Performers

Boeing

America offers $3 billion aid to Ukraine, representing the largest single U.S. aid package to Ukraine since Russia's invasion six months ago. This should boost defense stocks like RTX, BA and LHX.

US Offers Largest Single Aid to Ukraine: Defense Stocks to Gain

Booz Allen Hamilton Hld

BWX Technologies

Defense stocks with dividends have been surging in popularity of late. There was a massive shift in the geopolitical scene once Russia invaded Ukraine in February this year.

7 Defense Stocks With Dividends You Can Count On

Vuzix

Vuzix Corporation (NASDAQ:VUZI) said it has signed an agreement with L3Harris Technologies to develop a customized waveguide-based optics engine intended to be used in headborne systems designed for military applications. This initial development is part of a phased effort that will ultimately address a broad market for American and allied military personnel.

Vuzix signs agreement with L3Harris Technologies to develop military-use waveguide-based optics engine

U.S. Special Operations Command (USSOCOM) awarded a contract under the Armed Overwatch program on August 1 to L3Harris Technologies (NYSE: LHX) and their Air Tractor's AT-802U Sky Warden system. Notably, L3Harris beat out four other companies to capture this deal.

Lockheed's competitor L3Harris nabs $3 billion U.S. special operations contract

MELBOURNE, Fla.--(BUSINESS WIRE)--U.S. Special Operations Command (USSOCOM) has selected L3Harris Technologies (NYSE:LHX) and Air Tractor Inc.'s AT-802U Sky Warden™ system for its Armed Overwatch program. Award of the Indefinite Quantity, Indefinite Delivery contract includes a cost ceiling of $3 billion. The program includes delivery of up to 75 manned, fixed wing aircraft, with an initial program contract award of $170 million. The fleet of modern multi-mission aircraft will address SOCOM's n

L3Harris and Air Tractor Sky Warden Team Selected for USSOCOM Armed Overwatch Contract

L3Harris Technologies (LHX) Q2 revenues of $4,135 million miss the Zacks Consensus Estimate by 2.3%. Moreover, revenues decline 11.4% year over year.

L3Harris (LHX) Q2 Earnings Top Estimates, Revenues Fall Y/Y

In this article, I start by making the case for a dividend investment in defense giant L3Harris, thanks to its ability to consistently hike shareholder distributions. The company is well-diversified and in a good position to deal with ongoing supply chain and inflation headwinds, according to just-released earnings.

L3Harris: Undervalued Dividends With Defense Tailwinds

L3harris Technologies, Inc. (NYSE:LHX ) Q2 2022 Earnings Conference Call July 29, 2022 8:30 AM ET Company Participants Rajeev Lalwani - VP, IR Christopher Kubasik - Chairman & CEO Michelle Turner - SVP & CFO Conference Call Participants David Strauss - Barclays Bank Sheila Kahyaoglu - Jefferies Richard Safran - Seaport Research Partners George Shapiro - Shapiro Research Peter Skibitski - Alembic Global Advisors Noah Poponak - Goldman Sachs Group Kristine Liwag - Morgan Stanley Michael Ciarmoli - Truist Securities Robert Spingarn - Melius Research Douglas Harned - Sanford C. Bernstein & Co. Peter Arment - Robert W.

L3harris Technologies, Inc. (LHX) CEO Christopher Kubasik on Q2 2022 Results - Earnings Call Transcript

L3Harris (LHX) delivered earnings and revenue surprises of 2.22% and 2.34%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

L3Harris (LHX) Surpasses Q2 Earnings Estimates

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) today announced its second 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 July 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 Second Quarter 2022 Financial Results

Textron

Q2 earnings of aerospace- defense stocks are likely have been aided by recovering commercial aerospace trends amid a supply chain issue. TXT, NOC and LHX are set to release Q2 numbers on Jul 28

News for L3Harris Stock (LHX)