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Integrated Mission Systems

Space & Airborne Systems

Communication Systems

Aerojet Rocketdyne

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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.

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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 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.

WASHINGTON--(BUSINESS WIRE)--L3Harris Reveals New Handheld Radio Module Enabling Worldwide Communications for Warfighters in the Field

L3Harris Reveals New Handheld Radio Module Enabling Worldwide Communications for Warfighters in the Field

ROCHESTER, N.Y.--(BUSINESS WIRE)--L3Harris Technologies announced receipt today of two production orders totaling $235 million to provide leader and manpack radios for the U.S. Army

L3Harris Receives Radio Production Orders Worth $235 Million Under U.S. Army's HMS Contract

Highlights: Accelerates time-to-field for Army's Theater Level High-Altitude Expeditionary Next-Gen ISR Radar program Uses commercial jet aircraft to close an ISR gap for combatant commanders Leverages decades of combined ISR experience to deliver a responsive solution in a contested domain WASHINGTON , Oct. 11, 2022 /PRNewswire/ -- MAG Aerospace and L3Harris Technologies (NYSE:LHX) will provide enhanced intelligence, surveillance and reconnaissance (ISR) aircraft in support of the Army's Theater Level High-Altitude Expeditionary Next Airborne ISR Radar (ATHENA-R) program. MAG Aerospace and L3 Harris Partner to Advance Airborne ISR Mission Needs for US Army The ATHENA-R aircraft, converted Bombardier Global Express 6500s with ISR mission capabilities, will support U.S. Army missions in the U.S. Indo-Pacific Command area of responsibility.

MAG Aerospace and L3Harris Partner to Advance Airborne ISR Mission Needs for US Army

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Provides Advanced Sight Systems, Increasing Lethality for Next-Generation Optionally Manned Fighting Vehicle

L3Harris Provides Advanced Sight Systems, Increases Lethality for Next-Generation Optionally Manned Fighting Vehicle

AbbVie

Northrop Grumman

Dividend growth stocks are my favorite investment category – no matter what kind of economic cycle we're in. I can collect (or, better yet, reinvest) their payouts even when the market is going through volatility.

3 Dividend Growth Stocks To Fight Inflation

ViaSat

L3Harris Technologies Inc (NYSE: LHX) is buying “Link 16” from Viasat Inc (NASDAQ: VSAT) for $1.96 billion to capitalise on increased U.S. spending on “defense”. CEO Kubasik's remarks on CNBC TDL – the Tactical Data Links business had roughly $400 million in revenue last year.

L3Harris announces an acquisition: ‘huge win for the warfighter'

Elbit Systems

Huntington Ingalls Industries

Ammo

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Safran SA

TransDigm

Due to Russia's invasion of Ukraine earlier this year, defense stocks naturally gained significant relevance. Moreover, the aggressor's escalation of the military conflict — met with stout Ukrainian resistance and successful counteroffensives — implies that the crisis will continue on for some time.

7 Defense Stocks That Are Too Cheap to Ignore

Viasat's Link 16 Tactical Data Links product line consists of 450 employees and generates approximately $400M in annual sales. The deal is expected to close in the first half of 2023.

Viasat to sell military communications unit to L3Harris for nearly $2B

The economy is in turmoil due to a vicious mix of headwinds, making it important to own high-quality dividend stocks. As retail traders have started to panic, I highlight one of my favorite dividend growth stocks, which is defense contractor L3Harris Technologies.

L3Harris: A Huge Bear Market Opportunity

Satellite operator Viasat is selling a piece of its government business to defense contractor L3Harris, in a deal worth nearly $2 billon.

Satellite operator Viasat up 35% after selling military communications unit to L3Harris for $2 billion

I've been following the major defense contractors in the US for some time. L3Harris is one of those businesses - and I've been long the company for some time. I rotated the lion's share of my position when the company's share price briefly touched 20x P/E, triggering an alert. I do not believe LHX being worth 20x P/E.

L3Harris Is Cheap Again

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

Lockheed Martin

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

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.

News for L3Harris Stock (LHX)