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.

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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 2022

Earnings data Q2 2022

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Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

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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.

AerSale Corp

BWX Technologies

Mercury Systems

TransDigm

Now that the 2023 fiscal year budget for the Pentagon has been set at a record $858 billion, it is time to take a look at opportunities for investors to share in the good times.

Truist Reveals Investor Opportunities in Aerospace & Defense Stocks

MELBOURNE, Fla.--( BUSINESS WIRE )--L3Harris Technologies (NYSE:LHX) announced today receiving a $40 million Department of Defense contract to deliver 14 Vehicle Agnostic Modular Palletized ISR Rocket Equipment - or VAMPIRE™ multi-purpose weapons system - to strengthen Ukrainian security defense efforts.

L3Harris Receives VAMPIRE Contract for Ukrainian Security Defense Efforts

MELBOURNE, Fla.--( BUSINESS WIRE )--L3Harris Technologies (NYSE: LHX) will release financial results for its fourth quarter of fiscal year 2022 on Thursday, January 26, 2023. The company's fourth quarter results will be published in an investor letter, which will be issued at approximately 4:30 p.m. EST and made available at L3Harris.com.

L3Harris Technologies Sets Date for Fourth Quarter Earnings Release

ViaSat

CARLSBAD, Calif. , Jan. 3, 2023 /PRNewswire/ -- Viasat Inc. (NASDAQ: VSAT), a global leader in satellite communications, completed the sale of its Link 16 Tactical Data Links (TDL) business to L3Harris Technologies (NYSE: LHX) for approximately $1.96 billion in cash.

Viasat Completes Sale of Link 16 Tactical Data Links Business to L3Harris Technologies for $1.96 Billion

MELBOURNE, Fla.--( BUSINESS WIRE )--L3Harris Technologies (NYSE: LHX) today announced closing its acquisition of Viasat Inc.'s (NASDAQ: VSAT) Tactical Data Links product line – commonly known as Link 16 – for approximately $1.96 billion, subject to customary adjustments.

L3Harris Completes Link 16 Acquisition

MELBOURNE, Fla.--( BUSINESS WIRE )--L3Harris Technologies (NYSE: LHX) announced today Samir (Sam) Mehta as the new president for its Communication Systems segment, reporting to Chair and Chief Executive Officer, Christopher E. Kubasik, effectively immediately.

Samir Mehta Named New President of L3Harris' Communication Systems Segment

Lockheed Martin

In early 2021, Lockheed Martin bid too high for Aerojet Rocketdyne. Now, L3Harris is bidding even higher.

Will L3Harris Repeat Lockheed Martin's Mistake?

MELBOURNE, Fla.--( BUSINESS WIRE )--L3Harris Technologies (NYSE: LHX) announced today the signing of a definitive agreement with NV5 Global Inc. (NASDAQ: NVEE) to divest its Visual Information Solutions business with an anticipated benefit up to $100 million. The transaction is expected to close mid-2023, subject to required regulatory approvals and other customary closing conditions.

L3Harris Announces Divestiture of Visual Information Solutions Business

MELBOURNE, Fla.--( BUSINESS WIRE )--L3Harris Technologies (NYSE:LHX) announced today obtaining all regulatory approvals for its acquisition of the Tactical Data Link product line – commonly known as Link 16 – from Viasat.

L3Harris Link 16 Acquisition Obtains All Regulatory Approvals

Aerojet Rocketdyne Holdings

NEW YORK , Dec. 19, 2022 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Aerojet Rocketdyne Holdings, Inc. ("Aerojet" or the "Company") (NYSE: AJRD), in connection with the proposed acquisition of the Company by L3Harris Technologies, Inc. (NYSE: LHX). Under the terms of the merger agreement, the Company's shareholders will receive $58.00 in cash for each share of Aerojet common stock owned.

SHAREHOLDER ALERT: Weiss Law Investigates Aerojet Rocketdyne Holdings, Inc.

The company is building a defense powerhouse with a unique footprint.

Here's Why L3Harris' Latest Merger Gambit Will Pay Off for Investors

Aerojet was put back up for sale after federal regulators in January sued to block its planned $4.4 billion purchase by Lockheed Martin Corp. on antitrust grounds.

Defense contractor L3Harris plans to buy Aerojet Rocketdyne for $4.7B

With the acquisition of Aerojet Rocketdyne, L3Harris is acquiring an essential national security gem with growth prospects. Acquisition price values the essential status of Aerojet Rocketdyne.

Deal Confirmed: L3Harris Buys Aerojet Rocketdyne

In this article, we discuss L3Harris' ongoing post-merger business transformation, which has now gone from divestitures to strategic acquisitions. After buying the Tactical Data Links product line from Viasat, L3Harris is now buying Aerojet Rocketdyne in a deal valued at $4.7 billion.

Oh Boy, L3Harris Is Becoming An Impressive Defense Stock!

Aerojet Rocketdyne (NYSE: AJRD ) stock is on the move today as investors react to a $4.7 billion deal with L3Harris Technologies (NYSE: LHX ). That deal has L3Harris Technologies agreeing to acquire Aerojet Rocketdyne for $58 per share in cash.

AJRD Stock Alert: What to Know as L3Harris Technologies Acquires Aerojet Rocketdyne

Defense contractor L3Harris plans to buy missile propulsion system maker Aerojet Rocketdyne for $4.7 billion in an all-cash transaction. The post L3Harris To Buy Top Rocket-Engine Producer For $4.7 Billion appeared first on Investor's Business Daily.

L3Harris To Buy Top Rocket-Engine Producer For $4.7 Billion

The shares of Aerojet Rocketdyne Holdings Inc (NYSE:AJRD) are up 1.8% at $55.85 this morning, after the company agreed to be bought by L3Harris Technologies (LHX) in a cash deal worth $4.7 billion, or $58 per share.

L3Harris Acquires Aerojet Rocketdyne in $4.7 Billion Deal

In a transaction announced Sunday, L3Harris Technologies Inc. (NYSE: LHX) has reached a definitive agreement to acquire Aerojet Rocketdyne Holdings Inc.

L3Harris Takes a Shot at Acquiring Aerojet Rocketdyne

Aerojet was targeted by Lockheed Martin earlier this year but the aerospace and defense giant terminated its proposed $4.4 billion takeover after the Federal Trade Commission sued to block the acquisition.

L3Harris to Buy Aerojet Rocketdyne for $4.7 Billion

Defense firm L3Harris Technologies Inc. on Sunday said it agreed to buy Aerojet Rocketdyne Holdings Inc. in a $4.7 billion deal that would cement L3Harris's role as one of six prime defense contractors for the Pentagon.

L3Harris plans to buy rival defense contractor Aerojet for $4.7 billion

U.S. defense contractor L3Harris Technologies Inc said on Sunday it would buy Aerojet Rocketdyne Holdings Inc for $4.7 billion in an all-cash transaction, as it looks to tap into rising demand for missiles amid the Ukraine conflict.

Defense firm L3Harris to buy Aerojet for $4.7 billion with eye on missile demand

The deal would cement L3Harris's role as one of six prime defense contractors for the Pentagon.

L3Harris Plans to Buy Aerojet Rocketdyne for $4.7 Billion

MELBOURNE, Fla. & EL SEGUNDO, Calif.--( BUSINESS WIRE )--L3Harris Technologies (NYSE: LHX) and Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD) together announced the signing of a definitive agreement for L3Harris to acquire Aerojet Rocketdyne for $58 per share, in an all-cash transaction valued at $4.7 billion, inclusive of net debt.

L3Harris to Acquire Aerojet Rocketdyne

L3Harris Technologies Inc is nearing a $4.7 billion deal to acquire U.S. rocket maker Aerojet Rocketdyne Holdings Inc , 10 months after the latter's $4.4 billion sale to Lockheed Martin Corp fell through, people familiar with the matter said on Saturday.

Exclusive: L3Harris nears $4.7 billion deal to acquire Aerojet Rocketdyne

Northrop Grumman

The U.S. House of Representatives last week passed its version of the National Defense Authorization Act (NDAA), calling for a fiscal year 2023 defense budget of $858 billion, a year-over-year increase of 8% and $45 billion more than President Biden's spending request.

News for L3Harris Stock (LHX)