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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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.

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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 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.

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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)--A photo is available on Business Wire's Website and the Associated Press Photo Network: More than 19,000 L3Harris Technologies engineers and scientists are participating in National Engineers Week (EWeek), the annual worldwide celebration of technology innovators being held Feb. 21-27. The company is honoring technologists and hosting virtual events, challenges and tours for employees, as well as STEM-related learning activities for students. L3Harris innovator

Photos Available of L3Harris Technologies Engineers and Scientists Celebrate National Engineers Week (EWeek) February 21-27 Available on Business Wire's Website and the Associated Press Photo Network

ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--[IDEX 2021: STAND 03-C10] — L3Harris Technologies (NYSE: LHX) will introduce the industry's smallest multi-channel, multi-mission radio at the International Defence Exhibition & Conference (IDEX) 2021 in Abu Dhabi February 21-25. This RF-7850D radio provides users the choice of either two simultaneous 30-512 MHz channels, or an optional second channel for continuous coverage spanning 30-2500 MHz. When used in a vehicular application, the RF-

L3Harris Technologies to Launch Industry's Smallest Multi-Channel, Multi-Mission Vehicular Radio

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) will host a virtual Investor Briefing on Wednesday, March 10, 2021. Led by Chairman & CEO, William M. Brown and Vice Chairman, President & COO, Christopher E. Kubasik, along with members of the senior leadership team, the event will highlight the strategy and outlook for the company, with a specific focus on its Integrated Mission Systems and Space & Airborne Systems segments. The live webcast will be held from 10 a

L3Harris Technologies to Host Virtual Investor Briefing on Wednesday, March 10, 2021

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) Chairman and CEO William M. Brown and Senior Vice President and Chief Financial Officer Jay Malave will speak at the Barclays Industrial Select Conference on Wednesday, February 17, 2021. The virtual event is scheduled to start at 8:50 a.m. ET and their remarks will be streamed (listen-only) at L3Harris.com. A replay will be available through the company's website for seven days following the event. About L3Harris Technologies L

L3Harris Technologies CEO and CFO to Speak at the Barclays Industrial Select Conference February 17, 2021

CAMDEN, N.J.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) has been awarded a contract by Fincantieri Marinette Marine for the shipboard integration and production of major subsystems onboard the U.S. Navy's guided-missile frigate FFG 62. L3Harris is prepared to support the Navy's plans to build at least 10 ships. The value of the L3Harris program could exceed $300 million if all design, development, and production options are awarded. L3Harris is the largest member of the Fincantieri FFG

L3Harris Technologies Awarded Systems Integration Contract for US Navy Frigate Program

L3Harris has been a core holding of mine since 2020 as I consider it a fantastic dividend growth stock. The just-released 2020 numbers confirm all of this as free cash flow is rising, resulting in higher buybacks and dividends.

Tell Your Friends To Buy L3Harris

The stock trades at a steep discount to its intrinsic value

L3Harris Technologies: One of the Best Values in Aerospace and Defense

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MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) has been named among FORTUNE's 2021 World's Most Admired Companies in the company's first year of eligibility since the merger between Harris Corporation and L3 Technologies in 2019. L3Harris is listed in the global Aerospace and Defense sector and scored highly for its innovation, social responsibility, management quality and long-term investment value. “Being named to FORTUNE's Most Admired Companies list reflects our commitme

L3Harris Technologies Named Among FORTUNE's 2021 World's Most Admired Companies

L3Harris' (LHX) board of directors approve a new $6-billion share repurchase authorization, alongside the dividend hike of 20%.

L3Harris (LHX) Announces Quarterly Dividend Increase of 20%

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) was awarded a $121 million U.S. Missile Defense Agency contract to build space flight hardware to demonstrate the company's solution for the Hypersonic and Ballistic Tracking Space Sensor (HBTSS) program. “Our near-peer adversaries are making rapid advancements in missile technologies, posing a threat to our forward-deployed forces, allies and nation,” said Ed Zoiss, President, L3Harris Space and Airborne Systems. “L3Harris is l

L3Harris Technologies Wins Next Phase of Missile Defense Contract

L3Harris Technologies' (LHX) CEO Bill Brown on Q4 2020 Results - Earnings Call Transcript

L3Harris' (LHX) revenues in the fourth quarter decrease 3.6% year over year, led by a decline in Aviation systems sales.

L3Harris' (LHX) Q4 Earnings Beat Estimates, Revenues Fall Y/Y

L3Harris (LHX) delivered earnings and revenue surprises of 2.28% and -4.42%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

L3Harris (LHX) Beats Q4 Earnings Estimates

Shares of L3Harris Technologies (NYSE:LHX) moved higher by 0.3% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share increased 10.18% year over year to $3.14, which beat the estimate of $3.09.

L3Harris Technologies: Q4 Earnings Insights

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies, Inc. (NYSE:LHX) reported fourth quarter 2020 revenue of $4.7 billion, down 3.6% versus prior year, and flat on an organic1 basis. GAAP net income was $184 million, down 54% versus prior year. Adjusted EBIT2 was $864 million, up 3.5% versus prior year, and adjusted EBIT margin expanded 120 basis points (bps) to 18.5%. GAAP EPS was $0.92, down 48%, and non-GAAP EPS2 was $3.14, up 10% versus prior year. "Thanks to the hard work of our employ

L3Harris Reports Fourth Quarter and 2020 Results; Initiates 2021 Guidance

MELBOURNE, Fla.--(BUSINESS WIRE)--The Board of Directors of L3Harris Technologies (NYSE:LHX) has approved a 20 percent increase in the company's quarterly cash dividend rate from 85 cents per share to $1.02 per share, commencing with the dividend to be declared for the first quarter of 2021. The L3Harris Board also approved a new $6 billion share repurchase authorization. “We've now raised the dividend nearly 50 percent since the merger as it has become an increasingly important part of value-c

L3Harris Technologies Announces 20 Percent Quarterly Dividend Rate Increase and New $6 Billion Share Repurchase Authorization

L3Harris' (LHX) cost-management initiatives and operational efficiencies might have boosted its margins, thereby boosting its fourth-quarter earnings.

L3Harris (LHX) to Report Q4 Earnings: What's in the Cards?

MELBOURNE, Fla.--(BUSINESS WIRE)--The U.S. Air Force has awarded L3Harris Technologies (NYSE:LHX) a five-year, up to $668 million IDIQ contract to help maintain its C-130 aircraft fleet readiness. L3Harris will perform sustainment on C-130H and J-model aircraft at its 1.1 million-square-foot aircraft modification center in Waco, Texas. The center features hangars to support a full range of missionization and aircraft services, including conducting parallel avionics modernization and programmed

US Air Force Awards L3Harris Technologies up to $668 Million IDIQ Contract to Maintain C-130 Aircraft Fleet

ROCHESTER, N.Y.--(BUSINESS WIRE)--The Australian Defence Force has awarded L3Harris Technologies (NYSE:LHX) contracts totaling $233 million (USD) to deliver secure communications and advanced night vision goggle technology to support the country's key modernization initiatives. L3Harris was awarded a three-year, $115 million follow-on FFP contract under the Direct Commercial Sale (DCS) arrangements for the Australian Defence Force's Delphic - Cryptographic Modernization program. L3Harris will d

L3Harris Technologies Awarded $233 Million in Contracts to Support Key Australia Defence Force Modernization Initiatives

Harris (LHX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Harris (LHX) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

L3Harris Technologies' adjusted EPS and FCF payout ratios are highly sustainable for the long term at 30.1% and 28.8%, respectively. Despite an uncertain operating environment, L3Harris Technologies has delivered 2.0% YoY operational revenue growth and 14.3% adjusted EPS growth YTD.

Why L3Harris Technologies Is A Buy

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Why Space Stocks Are Rocketing Higher Today

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) has successfully completed a technology demonstration, under a Defense Innovation Unit prototype contract, for the U.S. Space Force satellite communication system to improve communications with the agency's growing number of satellites. L3Harris developed a Multi-Band Multi-Mission (MBMM) phased array ground antenna system and integrated it with the Space Force's Satellite Communication Network system in order to demonstrate mul

L3Harris Technologies Demonstrates Antenna Technology for US Space Force Satellite Communications

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The S&P 500 continues to trade with an elevated earnings multiple, making finding securities that are trading at a discount to their intrinsic value a difficult endeavor.

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