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

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.

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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.

L3Harris Technologies (LHX) Q3 revenues of $4,229 million lag the Zacks Consensus Estimate by 6.2% and decline 5% on a year-over-year basis

L3Harris Technologies (LHX) Q3 Earnings Top, Revenues Drop Y/Y

L3Harris (LHX) delivered earnings and revenue surprises of 1.58% and -6.25%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

L3Harris (LHX) Tops Q3 Earnings Estimates

L3Harris Technologies Inc (NYSE: LHX) reported a third-quarter FY21 revenue decline of 5% year-over-year to $4.229 billion, -1% on an organic basis, missing the consensus of $4.51 billion. The revenue decline was due to strategic divestitures, ISR aircraft award timing in Integrated Mission Systems, and supply chain-related constraints within Communication Systems.

L3Harris Technologies Reports Mixed Q3 Results, Cuts FY21 Revenue Outlook

L3Harris Technologies (NYSE:LHX) reported its Q3 earnings results on Friday, October 29, 2021 at 06:30 AM. Here's what investors need to know about the announcement.

L3Harris Technologies: Q3 Earnings Insights

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies, Inc. (NYSE: LHX) reported third quarter 2021 revenue of $4.2 billion, down 5% versus prior year, and down 1% on an organic1 basis. GAAP net income was $479 million, up 11% versus prior year. Adjusted EBIT2 was $830 million, up 4% versus prior year, and adjusted EBIT margin2 expanded 170 basis points (bps) to 19.6%. GAAP EPS was $2.39, up 20%, and non-GAAP EPS2 was $3.21, up 13% versus prior year. “The L3Harris team delivered solid booking

L3Harris Technologies Reports Third Quarter 2021 Results

L3Harris Technologies' (LHX) Q3 results are likely to reflect solid revenue performance of the majority of its business segments. Cost synergies must have boosted earnings

Will Segmental Performance Boost L3Harris (LHX) Q3 Earnings?

Hershey

JPMorgan Chase & Co

Altria

Schlumberger

It's an old term, so old that many younger investors may not even really know what it means.

5 Top Dividend Stocks to Buy Now Should Still Perform Well If Stagflation Bubbles Up

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) was awarded an Aviation Week 2021 Program Excellence Award for work on NASA's Nancy Grace Roman Space Telescope. The Aviation Week Network Program Excellence awards honor aerospace and defense industry programs that create organizational success through quality processes, people development, tools and leadership. This is the first year L3Harris has competed for the award and is being recognized for the optical telescope program

L3Harris Wins Respected Aviation Week Program Excellence Award

TOKYO--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) has named international aerospace and defense veteran Daniel Zoot as the new Corporate Vice President of L3Harris Technologies Japan. Zoot will establish L3Harris' first corporate office in Tokyo to help customers address their toughest technology and national security challenges. Zoot brings nearly three decades of A&D experience to the new position – including more than 20 years in defense and space-based leadership roles in Japan.

L3Harris Appoints Company's First Country Leader in Japan

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L3Harris Technologies (LHX) secures a $28.1M million modification contract for the hydro-mechanically propelled transmissions and its associated hardware from the U.S. Army.

L3Harris Technologies (LHX) Wins $28M Contract for HMPT

MELBOURNE, Fla.--(BUSINESS WIRE)--NASA has selected L3Harris Technologies (NYSE:LHX) to conduct a second advanced study to significantly improve the accuracy and timeliness of U.S. weather forecasting. The weather prediction modeling study, slated to begin this month, will allow L3Harris to test and evaluate an advanced concept for satellite weather sensors ­– called ‘sounders' – that measure temperature and water vapor for the U.S. National Oceanic and Atmospheric Administration (NOAA). The L3

L3Harris Selected for Second Major US Weather Satellite Study

L3Harris Technologies Inc (NYSE: LHX) has received an order for 1,000 new Falcon IV AN/PRC-171 Compact Team Radios from the U.S. Army to ensure soldiers at any tactical level can transmit crucial information to command teams across an integrated network. The financial terms of the order were not disclosed.

L3Harris Pockets US Army Order For 1,000 New Falcon IV Compact Team Radios

L3Harris Technologies (LHX) secures a $947 million IDIQ contract to modernize the U.S Air Force B-52 aircraft.

L3Harris Technologies (LHX) Wins Deal to Support B-52 Aircraft

WASHINGTON--(BUSINESS WIRE)--The U.S. Army has ordered 1,000 new L3Harris Technologies (NYSE:LHX) Falcon® IV AN/PRC-171 Compact Team Radios to ensure soldiers at any tactical level can transmit crucial information to command teams across an integrated network. The Army placed its first delivery order of the Compact Team Radio, an easy-to-use and ruggedized solution leveraging robust technologies from fielded and emerging company products. This affordable radio allows voice and sensor data from

US Army Orders 1,000 New L3Harris Falcon® IV Compact Team Radios to Enhance Tactical Communications

L3Harris Technologies Inc (NYSE: LHX) received a new 10-year, sole-source $947 million IDIQ contract to modernize the U.S. Air Force B-52 aircraft to protect the aircrew from enemy radar threats. L3Harris will enhance the aircrafts' AN/ALQ-172 electronic warfare (EW) self-protection system, providing a combat-proven integrated radiofrequency system that can simultaneously counter multiple electronic spectrum threats that interfere with aircraft operations.

L3Harris Secures $947M Contract To Improve B-52 Self-Defense

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) will modernize the U.S. Air Force B-52 aircraft to protect aircrew from enemy radar threats under a new 10-year, sole-source $947 million IDIQ contract. L3Harris will enhance the aircrafts' AN/ALQ-172 electronic warfare (EW) self-protection system, providing a combat proven integrated radio frequency system that can simultaneously counter multiple electronic spectrum threats that interfere with aircraft operations. L3Harris has

L3Harris Selected to Improve B-52 Self-Defense Via $947 Million Contract

WASHINGTON--(BUSINESS WIRE)--Arlington Capital Partners (“Arlington”), a Washington, DC-area private equity firm, today announced the completion of its acquisition of L3Harris Technologies' (NYSE:LHX) Electron Devices and Narda Microwave-West divisions. The Company will now operate independently as Stellant Systems (“Stellant” or the “Company"), a standalone platform for Arlington in the mission-critical defense electronics market. The transaction is occurring in partnership with current busine

Arlington Capital Partners Completes the Acquisition of Stellant Systems, Formerly L3Harris Technologies' Electron Devices and Narda Microwave-West Divisions

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) has completed the sale of its Electron Devices and Narda Microwave-West businesses to Arlington Capital Partners, a Washington, DC-area private equity firm. Proceeds from the divestitures are expected to be used for share repurchases. The businesses were part of L3Harris' Aviation Systems segment and are leading providers of RF amplification products for the space, electronic warfare, radar, medical and industrial end markets. T

L3Harris Completes Sale of its Electron Devices and Narda Microwave-West Businesses

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) will host a conference call on Friday, October 29, 2021, at 8:30 a.m. Eastern Time (ET) to discuss its third quarter 2021 financial results. The dial-in numbers for the teleconference are (U.S.) 877-407-6184 and (International) 201-389-0877, and participants will be directed to an operator. Please allow at least 10 minutes before the scheduled start time to connect to the teleconference. Participants are encouraged to listen via

L3Harris to Announce Third Quarter Results on Friday, October 29, 2021

Teaser- L3Harris Technologies (LHX)secures a $200 million order for the handheld Leader and manpack radios from the U.S. Army.

L3Harris Technologies (LHX) Wins $200M Deal for Tactical Radios

HORSHAM, Pa.--(BUSINESS WIRE)-- #IIoT--Aegis Software, a global provider of Manufacturing Execution Software (MES), has signed an enterprise agreement with L3Harris Technologies (NYSE:LHX) to support 20 manufacturing sites and more than 5,500 end users with the Aegis' FactoryLogix® platform. The platform will consolidate IT systems by digitizing and optimizing manufacturing data to help streamline operational processes. A key advantage of the suite of manufacturing software is the enhanced visibility i

L3Harris Selects Aegis' Platform for 20 Manufacturing Locations with Over 5,500 Users

ROCHESTER, N.Y.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) has received full-rate production orders for the U.S. Army's HMS (Handheld, Manpack & Small Form-Fit) program providing advanced multi-channel, multi mission communications for the Integrated Tactical Network. The Army awarded L3Harris more than $200 million for the multi-channel, software-defined Falcon IV® AN/PRC-163 handheld Leader Radios and AN/PRC-158 manpack radios that will increase warfighter effectiveness by enablin

L3Harris Receives First Full Rate Production Orders for Advanced Tactical Radios on US Army's HMS Contracts

L3Harris is one of the strongest defense companies on the market as management is doing a terrific job growing EBITDA and free cash flow. The company has a solid business model and the ability to deliver long-term, double-digit dividend hikes - and strong buybacks.

3 Reasons That Make L3Harris A Top-Tier Dividend Stock

Goldman Sachs analyst Noah Poponak updated his ratings for several Aerospace & Defense stocks. L3Harris Technologies Inc (NYSE:LHX) downgraded to Sell from Neutral with a $207 price target, implying a downside of 7.17%.

News for L3Harris Stock (LHX)