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

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

Engineering, selling and administrative

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Interest expense, net

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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 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.

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LHX has begun producing its Viper Shield EW suite for F-16 fighter aircraft to achieve electromagnetic spectrum dominance.

L3Harris Starts Producing Viper Shield EW Suite for F-16 Aircraft

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) has met a key spectrum dominance milestone by initiating production of its Viper Shield™ all-digital electronic warfare (EW) suite for F-16 fighter jets. The company will be providing the advanced capability to F-16 fleets in six countries. “Equipping aircrews and commanders with situational awareness about the electronic landscape gives them the ability to identify, locate and counter threats at the speed of relevance,” said Ed.

L3Harris Completes Spectrum Dominance Milestone

LHX has received a five-year contract from U.S. Navy for Next Generation Jammer-Low Band Program.

L3Harris Wins $587M Contract for Next Generation Jammer-Low Band

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SALT LAKE CITY--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) has received a five-year contract, worth up to $587.4 million, to deliver custom tactical jamming pods designed to modernize the U.S. Navy's Aerial Electronic Attack capability. The Next Generation Jammer – Low Band (NGJ-LB) is an advanced airborne electronic warfare system. L3Harris' solution consolidates advanced processing with increased jamming capability and will be easier to maintain than the Navy's current system through a.

US Navy Awards L3Harris $587 Million Contract for Next Generation Jammer – Low Band Program

L3Harris stands out because of its diversified revenue streams, strong growth potential, and significant involvement in critical defense areas, like missile propulsion. The company's focus on innovation, cost reduction, and strategic partnerships enhances its resilience in a market prone to disruption. Promising free cash flow projections and a plan to return substantial value to shareholders position LHX as a top long-term investment choice.

L3Harris Technologies: One Of My Highest-Conviction Dividend Investments

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L3Harris Technologies, Inc. (NYSE:LHX ) Jefferies Global Industrials Conference September 5, 2024 8:40 AM ET Company Participants Christopher Kubasik - Chairman and CEO Kenneth Bedingfield - SVP and CFO Conference Call Participants Sheila Kahyaoglu - Jefferies Sheila Kahyaoglu Good morning everyone. My name is Sheila Kahyaoglu with the Jefferies Aerospace Defense and Airlines Equity Research Team.

L3Harris Technologies, Inc. (LHX) Jefferies Global Industrials Conference (Transcript)

L3Harris Technologies is a fast-growing defense contractor benefiting from global military expenditure and U.S. military modernization, with strong revenue and EPS growth. LHX's strategic acquisitions, including Aerojet Rocketdyne, enhance its capabilities in missile defense and propulsion, positioning it well for future growth. Despite elevated debt, management aims for deleveraging and returning excess cash to shareholders, supported by a robust project backlog and consistent dividend growth.

L3Harris: A Must-Own Stock In A World Of Growing Defense Budgets

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Concerns about a U.S. recession persist despite mixed economic signals. Leading indicators suggest a downturn, but some market metrics remain strong, adding uncertainty. Rate cuts are anticipated, providing a potential buffer against economic weakness. The dollar's trajectory is crucial for investors, particularly those with international exposure. Despite high valuations, certain sectors offer attractive opportunities. Strategic investments can capitalize on resilient trends and the potential for future growth.

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L3Harris Technologies is outperforming the market, driven by a strong defense sector and successful strategic moves, including the Aerojet Rocketdyne acquisition. The company's diversified portfolio, improving margins, and expanding backlog position it well for future growth, with expectations of strong EPS and dividend increases. Despite market volatility, L3Harris's attractive valuation and financial strength make it a compelling investment, with the potential for significant long-term returns.

Cash Flow King - L3Harris Remains A Significantly Undervalued Dividend Growth Gem

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This L3Harris Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Friday

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) has announced new sustainability goals that further demonstrate its commitment to environmental stewardship. By 2030, L3Harris plans to reduce greenhouse gas emissions by 60%, water use by 20%, and solid waste by 10%. In addition, L3Harris is committing to sourcing 40% of its total electricity from renewable sources. “L3Harris remains dedicated to upholding environmentally conscious practices, and we are committed to meeting ou.

L3Harris Announces 2030 Sustainability Goals

New 5-year agreement supports L3Harris' Space Business beyond Firefly's existing agreement for three L3Harris launches in 2026 CEDAR PARK, Texas, Aug. 7, 2024 /PRNewswire/ -- Firefly Aerospace, Inc., an end-to-end space transportation company, today announced it signed a multi-launch agreement with L3Harris Technologies (NYSE: LHX) for up to 20 launches on Firefly's Alpha rocket, including two to four missions per year from 2027 to 2031 depending on customer needs. The new agreement is in addition to Firefly's existing multi-launch agreement with L3Harris for three Alpha missions in 2026.

Firefly Aerospace Announces Second Multi-Launch Agreement with L3Harris for up to 20 Alpha Launches

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MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) has marked the one-year anniversary of its acquisition of power and propulsion provider Aerojet Rocketdyne with significant performance progress. “L3Harris made important commitments to shareholders and customers when we announced our intent to acquire Aerojet Rocketdyne, and over the past year have been delivering on those promises,” said Christopher E. Kubasik, Chair and CEO, L3Harris. “The high demand for missiles and the sol.

L3Harris Highlights Performance Progress One Year After Acquiring Aerojet Rocketdyne

Does L3Harris (LHX) have what it takes to be a top stock pick for momentum investors? Let's find out.

Here's Why L3Harris (LHX) is a Great Momentum Stock to Buy

L3Harris' (LHX) second-quarter earnings top the Zacks Consensus Estimate, while revenues rise year over year. The company increases its 2024 earnings outlook.

L3Harris (LHX) Beats Q2 Earnings Estimates, Hikes '24 EPS View

L3Harris Technologies, Inc. (NYSE:LHX ) Q2 2024 Earnings Conference Call July 26, 2024 8:30 AM ET Company Participants Daniel Gittsovich - VP, IR Christopher E. Kubasik - Chair and CEO Kenneth L.

L3Harris Technologies, Inc. (LHX) Q2 2024 Earnings Call Transcript

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While the top- and bottom-line numbers for L3Harris (LHX) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

L3Harris (LHX) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

L3Harris (LHX) came out with quarterly earnings of $3.24 per share, beating the Zacks Consensus Estimate of $3.18 per share. This compares to earnings of $2.97 per share a year ago.

News for L3Harris Stock (LHX)