Revenue segments as reported by the company.

Integrated Mission Systems

Space & Airborne Systems

Communication Systems

Aerojet Rocketdyne

Aviation Systems

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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.

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

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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.

MELBOURNE, Fla.--(BUSINESS WIRE)-- #NASA--L3Harris Technologies Selected for Future US Weather Satellite Imager Design Phase Study (GEO-XO)

L3Harris Technologies Selected for Future US Weather Satellite Imager Design Phase Study

L3Harris Technologies maintained non-GAAP EPS and FCF payout ratios of 29.3% and 30.0% in 2020, and despite the recent 20% dividend increase, these payout ratios won't meaningfully expand in 2021. Despite the challenges faced by many businesses in 2020, L3Harris Technologies posted 2.9% YoY organic revenue growth and an impressive 13.1% YoY growth rate in non-GAAP EPS.

L3Harris Technologies: A Strong Dividend Growth Pick

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) will host a conference call on Friday, April 30, 2021, at 8:30 a.m. Eastern Time (ET) to discuss its first 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 w

L3Harris Technologies to Announce First Quarter Results on Friday, April 30, 2021

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) has been awarded a contract from Lockheed Martin (NYSE:LMT) for development of a new advanced electronic warfare system to protect the international F-16 multirole fighter aircraft against emerging radar and electronic threats. L3Harris designed Viper Shield™ to provide U.S. and global coalition partners with cutting-edge countermeasures against sophisticated, ever-changing threats. The baseline version is integrated into the ai

L3Harris Technologies to Provide Next-Generation Electronic Warfare System for F-16 Multirole Fighter

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A weekly summary of dividend activity for Dividend Champions and Contenders. Companies which changed their dividends.

Dividend Champion And Contender Highlights: Week Of March 21

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) has published its inaugural Sustainability Report, which includes the company's environmental, social and governance (ESG) strategy and metrics to measure progress. The report also provides details on the company's response to COVID-19. “We are committed to delivering value to all stakeholders by driving excellence in environmental sustainability, investing in employees, supporting our communities and ensuring effective governan

L3Harris Technologies Publishes Inaugural Sustainability Report

Is L3Harris Technologies (LHX) a great pick from the value investor's perspective right now? Read on to know more.

Can Value Investors Choose L3Harris Technologies (LHX) Stock?

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L3Harris Technologies (LHX) intends to use the $1.45-billion proceeds from the planned divestitures on share repurchases.

L3Harris (LHX) Set to Offload Business Segments for $1.45B

L3Harris: One Of The Largest Conservative 20%+ Upsides

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) has been selected to design an autonomous surface ship concept for the U.S. Defense Advanced Research Projects Agency (DARPA) to demonstrate the reliability and feasibility of an unmanned ship performing lengthy missions. L3Harris was chosen for phase one of the two-phase No Manning Required Ship (NOMARS) program. The L3Harris design concept will streamline NOMARS' construction, logistics, operations and maintenance life-cycle.

L3Harris Technologies to Design Long-Endurance Autonomous Surface Ship Concept for US Defense Advanced Research Projects Agency

CAE Inc. announced Monday an agreement to buy L3Harris Technologies Inc.'s military training business for $1.05 billion. CAE expects the deal to add to earnings in the first full year after the closing, which is expected to occur in the second half of 2120.

L3Harris to sell its military training, combat propulsion businesses for $1.45 billion

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) has signed definitive agreements to sell its Military Training business to CAE and its Combat Propulsion Systems and related businesses to RENK AG for a combined $1.45 billion. Each transaction is subject to customary closing conditions, including receipt of regulatory approvals, and is expected to close in the second half of 2021. Under the first agreement, CAE (NYSE:CAE; TSX:CAE) will acquire L3Harris' Military Training busine

L3Harris Technologies Signs Definitive Agreements to Sell Its Military Training and Combat Propulsion Systems Businesses for $1.45 Billion

Acquisition highly complementary to CAE's core military training business in the United States Broadens CAE's position in training and simulation across multi-domain operations Low-teens percentage EPS accretion expected within first full year post closing, including expected cost...

CAE to acquire L3Harris Technologies' Military Training business for US$1.05 billion

L3Harris (LHX) reported earnings 30 days ago. What's next for the stock?

Why Is L3Harris (LHX) Up 3% Since Last Earnings Report?

L3Harris Technologies Inc. declared Friday a quarterly dividend of $1.02 a share, which marks a 20% increase from the previous quarterly dividend of 85 cents a share. The aerospace and defense company's new dividend will be payable March 26 to shareholders of record on March 12.

L3Harris raises dividend by 20%, to push implied yield to over 2.2%

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) has been awarded $89 million for option-year two of a U.S. Space Force and U.S. Space Command contract to continue maintaining and modernizing infrastructure to track objects in space. The Maintenance Of Space Situational Awareness Integrated Capabilities (MOSSAIC) program has an estimated contract value of $1.2 billion over 10 years. “MOSSAIC improves the systems the Space Force and Space Command use to better understand the lo

L3Harris Technologies Awarded Second Year of Space Object-Tracking Modernization Contract

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) has received contracts totaling $137 million for four navigation payload Mission Data Units (MDU) for future GPS III Follow-on (GPS IIIF) satellites. Lockheed Martin, the prime contractor for GPS III/IIIF, selected L3Harris in 2018 to design and build the first two fully-digital MDUs, the heart of the satellite's navigation payload. The MDU generates more powerful GPS signals and assures clock operations for GPS users. “The digi

L3Harris Technologies Awarded Four Additional Payload Mission Data Units for GPS III Follow-on Contract

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MELBOURNE, Fla.--(BUSINESS WIRE)--A photo is available on Business Wire's Website and the Associated Press Photo Network: More than 19,000 L3Harris Technologies engineers and scientists are participating in National Engineers Week (EWeek), the annual worldwide celebration of technology innovators being held Feb. 21-27. The company is honoring technologists and hosting virtual events, challenges and tours for employees, as well as STEM-related learning activities for students. L3Harris innovator

Photos Available of L3Harris Technologies Engineers and Scientists Celebrate National Engineers Week (EWeek) February 21-27 Available on Business Wire's Website and the Associated Press Photo Network

ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--[IDEX 2021: STAND 03-C10] — L3Harris Technologies (NYSE: LHX) will introduce the industry's smallest multi-channel, multi-mission radio at the International Defence Exhibition & Conference (IDEX) 2021 in Abu Dhabi February 21-25. This RF-7850D radio provides users the choice of either two simultaneous 30-512 MHz channels, or an optional second channel for continuous coverage spanning 30-2500 MHz. When used in a vehicular application, the RF-

L3Harris Technologies to Launch Industry's Smallest Multi-Channel, Multi-Mission Vehicular Radio

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) will host a virtual Investor Briefing on Wednesday, March 10, 2021. Led by Chairman & CEO, William M. Brown and Vice Chairman, President & COO, Christopher E. Kubasik, along with members of the senior leadership team, the event will highlight the strategy and outlook for the company, with a specific focus on its Integrated Mission Systems and Space & Airborne Systems segments. The live webcast will be held from 10 a

L3Harris Technologies to Host Virtual Investor Briefing on Wednesday, March 10, 2021

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) Chairman and CEO William M. Brown and Senior Vice President and Chief Financial Officer Jay Malave will speak at the Barclays Industrial Select Conference on Wednesday, February 17, 2021. The virtual event is scheduled to start at 8:50 a.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 L

L3Harris Technologies CEO and CFO to Speak at the Barclays Industrial Select Conference February 17, 2021

CAMDEN, N.J.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) has been awarded a contract by Fincantieri Marinette Marine for the shipboard integration and production of major subsystems onboard the U.S. Navy's guided-missile frigate FFG 62. L3Harris is prepared to support the Navy's plans to build at least 10 ships. The value of the L3Harris program could exceed $300 million if all design, development, and production options are awarded. L3Harris is the largest member of the Fincantieri FFG

L3Harris Technologies Awarded Systems Integration Contract for US Navy Frigate Program

L3Harris has been a core holding of mine since 2020 as I consider it a fantastic dividend growth stock. The just-released 2020 numbers confirm all of this as free cash flow is rising, resulting in higher buybacks and dividends.

News for L3Harris Stock (LHX)