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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.

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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L3Harris reported strong 2Q21 earnings that, once again, underlined the company's capabilities when it comes to generating shareholder value. The company remains in a great spot to benefit from the modernization of NATO's defense forces and should be able to generate long-term EBITDA and FCF growth.

L3Harris - A Dividend Growth Star

L3Harris Technologies Inc (NYSE: LHX) has been awarded a $393 million contract by the U.S. Navy to install increments II and III of the Undersea Warfare Training Range (USWTR). The award follows nearly ten years of execution by L3Harris on Increment I and will replace and upgrade the remaining underwater training range sites.

L3harris Technologies Secures $393M Undersea Training Range Contract, Gets Price Target Bump

MELBOURNE, Fla.--(BUSINESS WIRE)--The U.S. Navy has awarded L3Harris Technologies (NYSE:LHX) a $393 million contract to install increments II and III of the Undersea Warfare Training Range (USWTR). The award follows nearly 10 years of execution by L3Harris on Increment I and will replace and upgrade the remaining underwater training range sites. USWTR Increment I included installing the ocean sensor and shore electronics subsystems instrumenting the approximately 500-square-nautical-mile area n

US Navy Awards L3Harris Technologies $393 Million Undersea Training Range Contract

L3Harris Technologies, Inc. (LHX) CEO Chris Kubasik on Q2 2021 Results - Earnings Call Transcript

L3Harris' (LHX) revenues of $4,668 million,exceed the Zacks Consensus Estimate by 0.6% and increase 5% on a year-over-year basis.

L3Harris Technologies (LHX) Q2 Earnings Top, Revenues Rise Y/Y

L3Harris Technologies Inc (NYSE: LHX) reported second-quarter FY21 revenue growth of 5% year-on-year to $4.67 billion, beating the analyst consensus of $4.63 billion. The revenue grew 6.2% Y/Y on an organic basis.

L3Harris Q2 Results Tops Consensus, Updates FY21 Outlook

L3Harris (LHX) delivered earnings and revenue surprises of 2.84% and 0.52%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

L3Harris (LHX) Tops Q2 Earnings and Revenue Estimates

WASHINGTON--(BUSINESS WIRE)--Arlington Capital Partners (“Arlington”), a Washington, DC-area private equity firm, today announced that an affiliate has entered into definitive agreements to acquire L3Harris Technologies' (NYSE:LHX) Electron Devices and Narda Microwave-West divisions (the “Company”). The agreement is subject to customary closing conditions and regulatory approvals. After closing, the Company will operate independently as Stellant Systems (“Stellant”) and will be a standalone pla

Arlington Capital Partners Signs Definitive Agreement to Acquire L3Harris Technologies' Electron Devices and Narda Microwave-West Divisions; Will Form Stellant Systems

Shares of L3Harris Technologies (NYSE:LHX) were unchanged after the company reported Q2 results. Quarterly Results Earnings per share increased 15.19% over the past year to $3.26, which beat the estimate of $3.18.

Recap: L3Harris Technologies Q2 Earnings

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies, Inc. (NYSE: LHX) reported second quarter 2021 revenue of $4.7 billion, up 5.0% versus prior year, and up 6.2% on an organic1 basis. GAAP net income was $413 million, up 49% versus prior year. Adjusted EBIT3 was $869 million, up 7.3% versus prior year, and adjusted EBIT margin3 expanded 40 basis points (bps) to 18.6%. GAAP EPS was $2.01, up 55%, and non-GAAP EPS3 was $3.26, up 15% versus prior year. “We are now at the 2-year mark for L3Har

L3Harris Reports Strong Second Quarter 2021 Results

L3Harris (LHX) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why L3Harris (LHX) Might Surprise This Earnings Season

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The 5 Defense Contractors Fighting to Build an Army Robotank

MELBOURNE, Fla.--(BUSINESS WIRE)--The Board of Directors of L3Harris Technologies (NYSE:LHX) has declared a quarterly cash dividend of $1.02 per share on the common stock, payable September 17, 2021, to shareholders of record as of the close of business on September 3, 2021. About L3Harris Technologies L3Harris Technologies is an agile global aerospace and defense technology innovator, delivering end-to-end solutions that meet customers' mission-critical needs. The company provides advanced def

L3Harris Technologies Declares Quarterly Dividend

L3Harris Technologies' (LHX) Q2 results are expected to reflect benefits of segmental performance and cost reduction initiatives.

L3Harris (LHX) to Report Q2 Earnings: What's in the Cards?

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) Vice Chair and CEO Chris Kubasik and Senior Vice President and Chief Financial Officer Jay Malave will present at the Jefferies Virtual Industrials Conference Tuesday, August 3, 2021. The virtual event is scheduled to start at 3:00 p.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 L3Har

L3Harris Technologies CEO and CFO to Present at Jefferies Virtual Industrials Conference Tuesday, August 3, 2021

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Second-quarter earnings of the Aerospace sector are expected to improve 153% on 13% rise in sales.

4 Defense Stocks Likely to Surpass Q2 Earnings Estimates

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) has announced that Alan Clements, a retired Air Vice Marshal, will lead L3Harris Australia as the new Corporate Vice President. In addition to serving as Country Executive for the region, he will oversee L3Harris' Australian Advisory Board, composed of non-executive directors and local company business leadership. Clements joins L3Harris after serving with distinction in the Royal Australian Air Force for 35 years. He is a fight

L3Harris Technologies Appoints New Country Leader in Australia

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX), with a team of leading international defense and technology companies, is developing surveillance concepts for NATO to replace the organization's aging Airborne Warning and Control System fleet by 2035. The team is developing “system of systems” options for surveillance and control capabilities for NATO's Alliance Future Surveillance and Control (AFSC) program. Led by L3Harris Technologies, the team unifies the expertise across

L3Harris Technologies Developing Future NATO Surveillance Concepts with International Team

L3Harris Technologies (LHX) intends to use the $1.45-billion proceeds from the divestitures of its business segments and related businesses for share repurchases.

L3Harris (LHX) Divests Business Segments for a Combined $1.45B

LHX offers 32% upside to their intrinsic value of $290/share. Organic growth and synergies from the L3 Technologies-Harris merger will drive free cash flow higher.

The Bull Case For L3Harris Technologies

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) will host a conference call on Tuesday, August 3, 2021, at 8:30 a.m. Eastern Time (ET) to discuss its second 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 Technologies to Announce Second Quarter Results on Tuesday, August 3, 2021

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) has completed the sales of its Military Training business to CAE and its Combat Propulsion Systems and related businesses to RENK AG for a combined $1.45 billion. Proceeds from the divestitures are expected to be used for share repurchases. CAE (NYSE:CAE; TSX:CAE) acquired L3Harris' Military Training business for $1.05 billion in cash. With annual revenue of approximately $525 million, the Military Training business provides a w

L3Harris Technologies Completes $1.45 Billion Sales of its Military Training and Combat Propulsion Systems Businesses

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies' (NYSE: LHX) new CEO, Christopher E. Kubasik, expects to expand the company's focus on partnering with countries around the world to introduce new technologies and help increase economic prosperity and safety in the regions. Kubasik, who succeeded William M. Brown yesterday as the second CEO in the company's history, said L3Harris is poised to address customers' demand for complete end-to-end solutions and to grow its global presence. “I l

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