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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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 2023

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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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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 Baird's 2020 Virtual Global Industrial Conference on Thursday, November 12, 2020. The virtual presentation is scheduled to start at 7:55 a.m. ET and their remarks will be streamed (listen-only mode) live at https://kvgo.com/baird-global-industrials/l3harris-technologies-inc-november-2020. A replay will be available th

L3Harris Technologies CEO and CFO to Speak at Baird's 2020 Virtual Global Industrial Conference November 12, 2020

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A strong day to open the week was anticipated after Joe Biden was officially named President-elect. However, after Pfizer and BioNTech revealed that their COVID-19 vaccine is more than 90% effective, markets were sent skyrocketing to all-time highs.

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L3Harris is doing exceptionally well in a challenging year as organic sales are strong while margins are improving. The company is able to turn top-line growth into high free-cash flow and strong shareholder distributions growth.

L3Harris Is A Long-Term Winner You Don't Want To Miss

L3Harris Technologies recently raised guidance for 2020. The stock is trading at a reasonable valuation post-merger. The company has raised the dividend for 19 consecutive years, making it a Dividend Contender.

L3Harris Technologies: A Future Dividend Aristocrat

In this article we will check out the progression of hedge fund sentiment towards L3Harris Technologies, Inc. (NYSE:LHX) and determine whether it is a good investment right now. We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 and 20 payment structure, hedge funds have more incentives and resources than the average investor. The funds have access to expert networks and get tips from industry insiders. They also employ numerous Ivy League graduates and MBAs. Like everyone else, hedge funds perform miserably at times, but their consensus picks have historically outperformed the market after risk adjustments.

Were Hedge Funds Wrong About L3Harris Technologies, Inc. (LHX)?

Investors sold off L3Harris shares without appreciating its strong quarterly results. Dividend hike and aggressive share buyback maximizes shareholder value.

Buy L3Harris Before It Raises Dividends In 2021

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) has been awarded a firm-fixed price contract to missionize three new King Air 350ER aircraft for the Canadian manned airborne intelligence, surveillance and reconnaissance (CMAISR) project. The aircraft will be delivered to the Canadian Department of National Defence (DND) as a Foreign Military Sale managed by the U.S. Army, Program Executive Office (PEO) Aviation, Fixed Wing Project Office. The CMAISR project will provide the D

L3Harris Technologies Awarded Contract for Three Canadian Special Mission Aircraft

L3Harris Technologies, Inc. (LHX) CEO Bill Brown on Q3 2020 Results - Earnings Call Transcript

L3Harris Technologies' (LHX) Q3 revenues of $4,463 million miss the Zacks Consensus Estimate by 0.8% but inch up 0.7% on a year-over-year basis

L3Harris Technologies (LHX) Beats on Q3 Earnings, Tweaks View

L3Harris (LHX) delivered earnings and revenue surprises of 4.41% and -0.77%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

L3Harris (LHX) Beats Q3 Earnings Estimates

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies, Inc. (NYSE:LHX) reported third quarter 2020 revenue of $4.5 billion, up 0.7% versus prior year, and up 4.4% on an organic1 basis. GAAP net income was $430 million, down 1.1% versus prior year. Adjusted EBIT2 was $798 million, up 4.2% versus prior year, and margin expanded 60 basis points (bps) to 17.9%. GAAP EPS was $1.99, up 4.7%, and non-GAAP EPS2 was $2.84, up 10% versus prior year. “The L3Harris team delivered a strong quarter that de

L3Harris Reports Strong Third Quarter 2020 Results and Raises Outlook

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

Why Earnings Season Could Be Great for L3Harris (LHX)

L3Harris Technologies' (LHX) Q3 results are expected to reflect integration benefits and operational efficiencies, which in turn must have boosted its earnings.

L3Harris (LHX) to Report Q3 Earnings: What's in the Cards?

ROCHESTER, N.Y.--(BUSINESS WIRE)--U.S. Special Operations Command (USSOCOM) has awarded L3Harris Technologies (NYSE:LHX) an initial $82 million full-rate production order for its new Falcon IV® AN/PRC-167 multi-channel manpack radio that will provide Special Operations Forces (SOF) with advanced communications capabilities. The order is part of a $255 million IDIQ contract awarded by USSOCOM under the Next Generation Tactical Communications (NGTC) program to deliver multi-channel manpack radios

US Special Operations Command Awards L3Harris Technologies $82 Million Order for New Falcon® IV Multi-Channel Manpack Radios

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does L3Harris (LHX) have what it takes?

L3Harris (LHX) is a Top Dividend Stock Right Now: Should You Buy?

LONDONDERRY, N.H.--(BUSINESS WIRE)--The U.S. Army has selected L3Harris Technologies' (NYSE:LHX) Enhanced Night Vision Goggle – Binocular (ENVG-B) to enhance situational awareness and increase soldier mobility and protection. L3Harris received an initial multi-million dollar Other Transaction Authority (OTA) award from the US Army for the ENVG-B Program of Record, which has a total value of $442 million. L3Harris is one of two companies to receive initial funding under this OTA. The ENVG-B deli

US Army Selects L3Harris Technologies' Enhanced Night Vision Goggle Technology

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MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) has provided 39 non-profit organizations nationwide with $930,000 in social impact grants as part of the company’s ongoing efforts to provide relief to communities adversely affected by COVID-19. The L3Harris Foundation this month distributed grants in 19 states to organizations that applied for funds to address a wide range of needs, including the digital divide, food insecurity, veteran aid, mentorship for STEM students, econo

L3Harris Technologies Provides More Than $900,000 to Organizations Serving People Adversely Affected by COVID-19

ROCHESTER, N.Y.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) has introduced its compact team radio during AUSA Now 2020, the Association of the United States Army’s (AUSA) annual meeting and expedition. The small form factor, single-channel radio delivers robust voice and data capabilities for missions at the edge of the network including Nett Warrior and Integrated Visual Augmentation System. Sharing common accessories with the AN/PRC-163 Leader Radio and implementing a simple user inter

L3Harris Technologies Launches Compact Team Radio

Surprise! SpaceX's satellites are cheaper.

SpaceX and L3Harris Team Up to Build Satellites for the Space Force

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) will develop and integrate an end-to-end satellite system under a $193 million firm fixed-price contract for the Space Development Agency. L3Harris will support the agency with technology that will protect against advanced missiles, such as hypersonic. Total period of performance runs through 2025 and covers delivery of four space vehicles for launch within 24 months. L3Harris will develop wide field-of-view mission payloads, va

Space Development Agency Selects L3Harris Technologies to Develop Defense Satellite System

SpaceX will build satellites for the Pentagon, as Elon Musk's space company expands its footprint in the defense market.

News for L3Harris Stock (LHX)