Revenue segments as reported by the company.

Integrated Mission Systems

Space & Airborne Systems

Communication Systems

Aerojet Rocketdyne

Aviation Systems

Corporate eliminations

Revenue Segments

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

Business divestiture-related gains (losses)

Impairment of goodwill and other assets

Non-operating income

Interest expense, net

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

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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Cost of revenue

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Operating expenses

SG&A

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EBITDA

Net income

Earnings per share

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Net PPE

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Book value per share

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Net change in cash

Free cash flow

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 (LHX) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

L3Harris (LHX) Moves 10.0% Higher: Will This Strength Last?

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Recent geopolitical shifts to boost global military spending, providing an attractive investment case for the entire defense sector, with most of the additional funding estimated to go to US players. L3Harris stock currently trades at a c.18% FY23 estimated EBITDA multiple discount to peers due to uncertainty about its debt profile following TDL and AJRD acquisitions and recent margin contraction. This discount is not justified in my opinion given LHX's strong competitive positioning in key military growth areas such as Communications and Space and industry leading margins.

L3Harris: Trading At A Discount Despite Favorable Competitive Positioning And M&A Upside

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) will release financial results for its third quarter on Thursday, Oct. 26, 2023, after market close. The company's results will be published in an Investor Letter and made available at L3Harris.com. The company will host a call on Friday, Oct. 27, 2023, at 8:30 a.m. ET. The call will last approximately 45 minutes and be focused on questions and answers. The dial-in numbers for the teleconference are (U.S.) 877-407-6184 and (Inte.

L3Harris Sets Date for Third Quarter Earnings Release

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MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) will host an Investor Day on Dec. 12, 2023, at the company's Florida headquarters and will also stream the event online. “As we embark into the fifth year of the L3Harris merger, we are excited to highlight how our Trusted Disruptor strategy is working as we prioritize operational performance to deliver for our customers, investors and employees,” said Christopher E. Kubasik, Chair and CEO, L3Harris. “We are demonstrating our ab.

L3Harris to Hold Investor Day in December

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Aerojet Rocketdyne Holdings

U.S. Senator Elizabeth Warren, a Democrat who wants more mergers scrutinized, questioned Defense Secretary Lloyd Austin about the Pentagon's role in the approval in July of L3 Harris Technologies' purchase of Aerojet Rocketdyne at a time when the number of defense contractors is at a historic low.

US Senator Warren presses Pentagon on L3 Harris deal to buy Aerojet

L3Harris is a defense industry provider that has benefited from increased defense spending, particularly in the EU. The company has a massive $25 billion backlog and offers dividends, growth, and a reasonable price. LHX has expanded its presence in the space sector through the acquisition of Aerojet Rocketdyne and has seen significant contract wins in all segments.

L3Harris Growth Prospects Take Off With Space Wins And Defense Spending

Investors need to pay close attention to L3Harris (LHX) stock based on the movements in the options market lately.

Is the Options Market Predicting a Spike in L3Harris (LHX) Stock?

BAE Systems and L3Harris deliver first EC-37B Compass Call aircraft to the U.S. Air Force

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I've recently increased my L3Harris Technologies position by 55% due to my strong belief in its undervaluation. The challenges faced by L3Harris are primarily external, such as supply chain issues and inflation, rather than internal performance issues, as indicated by its robust backlog and revenue guidance. With diverse business segments, high space exposure, and the potential for aggressive dividend growth, L3Harris is my top choice for a dividend growth stock.

Up To 50% Undervalued - Why L3Harris Has Become My Favorite Dividend Growth Stock

Firefly Aerospace inked a new launch agreement with defense prime L3Harris Technologies for three launches on the Alpha rocket in 2026. Each mission will launch a single satellite manufactured by L3Harris for the U.S. government, part of a $TK million contract the company won from TK in TK.

L3Harris inks three launch deal on Firefly's Alpha rocket

L3Harris (LHX) wins a $35.7M modification contract for the procurement of production hardware for in-service class submarines.

L3Harris (LHX) Secures Modification Contract to Aid Submarines

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News for L3Harris Stock (LHX)