L3Harris Technologies, Inc. (LHX)
| Market Cap | 42.41B |
| Revenue (ttm) | 20.16B |
| Net Income (ttm) | 1.17B |
| Shares Out | 189.68M |
| EPS (ttm) | 6.16 |
| PE Ratio | 36.30 |
| Forward PE | 16.72 |
| Dividend | $4.64 (2.08%) |
| Ex-Dividend Date | Jun 4, 2024 |
| Volume | 485,224 |
| Open | 221.98 |
| Previous Close | 221.96 |
| Day's Range | 221.77 - 223.70 |
| 52-Week Range | 160.25 - 228.13 |
| Beta | 0.71 |
| Analysts | Buy |
| Price Target | 236.64 (+5.83%) |
| Earnings Date | Jul 25, 2024 |
About LHX
L3Harris Technologies, Inc. provides mission-critical solutions for government and commercial customers worldwide. The company's Integrated Mission Systems segment provides intelligence, surveillance, and reconnaissance (ISR) systems, passive sensing and targeting, electronic attack, autonomy, power and communications, and networks and sensors, as well as advanced combat systems for air, land, and sea sectors. Its Space and Airborne Systems segment offers space payloads, sensors, and full-mission solutions; classified intelligence and cyber; mi... [Read more]
Financial Performance
In 2023, LHX's revenue was $19.42 billion, an increase of 13.81% compared to the previous year's $17.06 billion. Earnings were $1.23 billion, an increase of 15.54%.
Financial StatementsAnalyst Forecast
According to 14 analysts, the average rating for LHX stock is "Buy." The 12-month stock price forecast is $236.64, which is an increase of 5.83% from the latest price.
News
L3Harris Sets Date for Second Quarter 2024 Earnings Release
MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) will release its second quarter 2024 financial results on Thursday, July 25, 2024, after market close. The company will then host an ...
CesiumAstro Secures $65M in Oversubscribed Funding Round
AUSTIN, Texas--(BUSINESS WIRE)-- #Aerospace--CesiumAstro Inc. (“CesiumAstro” or “the Company”), a leading provider of space communications technology, announced today the closing of a $65 million Seri...
L3Harris and Accenture Collaborate to Accelerate Technology Reinvention for Growth
NEW YORK--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) announced a strategic collaboration with Accenture (NYSE:ACN) to accelerate its technology reinvention. The initiative, part of L3Harris' LH...
Aerojet Rocketdyne Delivers 1,000th THAAD Solid Rocket Boost Motor and Divert and Attitude Control System Ahead of Schedule
HUNTSVILLE, Ala.--(BUSINESS WIRE)--Aerojet Rocketdyne, an L3Harris Technologies (NYSE:LHX) company, recently completed its 1,000th delivery of both the solid rocket boost motor and Liquid Divert and A...
Kanders & Company Completes Acquisition of Antenna and Test Equipment Businesses from L3Harris
Launches Fisica, Kanders' New Defense Technology Platform PALM BEACH, Fla. , June 3, 2024 /PRNewswire/ -- Kanders & Company, Inc. ("Kanders"), a U.S.-based single-family office, announced today the co...
L3Harris Completes Sale of Non-Core Assets to an Affiliate of Kanders & Company, Inc. for $200 Million
MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) has completed its sale of the company's antenna and related businesses to an affiliate of Kanders & Company, Inc. for $200 million. T...
Department of Defense Extends Sidus Space and L3Harris' Mentor-Protégé Program for a Second Year
CAPE CANAVERAL, Fla.--(BUSINESS WIRE)--Sidus Space, Inc. (NASDAQ: SIDU) (the “Company” or “Sidus”), a multi-faceted Space and Data-as-a-Service satellite company, today announced its Department of Def...
L3Harris CEO to Present at Bernstein Annual Strategic Decisions Conference
MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) Chair and CEO Christopher E. Kubasik will present at the Bernstein Annual Strategic Decisions Conference at 10 a.m. ET on Thursday, M...
Aerojet Rocketdyne to be Propulsion Provider for the Next Generation Interceptor
MELBOURNE, Fla.--(BUSINESS WIRE)--Aerojet Rocketdyne, an L3Harris Technologies (NYSE: LHX) company, will be the propulsion provider for the Missile Defense Agency's (MDA) Next Generation Interceptor (...
24 Dividend Aristocrats in the stock market with the fastest-growing payouts
At a time when investors expect interest rates to remain high as the Federal Reserve seeks to keep the lid on inflation, dividend stocks may not be dominating the attention of income-seeking investors...
Passage of supplemental defense aid is 'huge tailwind' for sector, says L3Harris CEO
Chris Kubasik, L3Harris CEO, joins 'Closing Bell Overtime' to talk quarterly results, demand in the defense space, and more.
L3Harris cuts 5% workforce in cost-saving measure
U.S. defense contractor L3Harris cut 5% of its workforce earlier this month in a bid to streamline its business and save costs, CEO Chris Kubasik said in a post-earnings conference call on Friday.
L3Harris Earnings Cap a Strong Week For Defense Contractors
The company's stock is rising in early trading after it beat Wall Street expectations and raised guidance.
L3Harris raises top end of 2024 adjusted earnings outlook amid global tensions
L3Harris lifted the upper-end of its annual adjusted profit target on Thursday, betting on sustained weapons demand and robust defense spending amid escalating global security concerns.
L3Harris Technologies Reports Strong First Quarter 2024 Results, Increases 2024 Profitability Guidance
MELBOURNE, Fla.--(BUSINESS WIRE)--Q1 Earnings Release.
Exclusive: US defense contractor L3Harris to cut 5% of workforce to save costs, email shows
U.S. defense contractor L3Harris Technologies Inc will cut 5% of its workforce this year as part of a cost saving measure, CEO Chris Kubasik said in an email to employees seen by Reuters on Tuesday.
L3Harris Announces Quarterly Dividend
MELBOURNE, Fla.--(BUSINESS WIRE)--The Board of Directors of L3Harris Technologies (NYSE:LHX) declared a quarterly cash dividend of $1.16 per common share, payable June 18, 2024, to shareholders of rec...
Top Dividend Stocks That Rise During War
I wish I didn't have to write this column ever, let alone every couple of years. But this is ground we have to cover, like it or not: dividend stocks during war.
Defense stocks rally after Iran attacks Israel
CNBC's Morgan Brennan reports on how tensions in the Middle East will impact defense stocks.
U.S. Army Awards L3Harris ENVG-B Production Order
LONDONDERRY, N.H.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) received a $256 million order from the U.S. Army for continued production of the Enhanced Night Vision Goggle – Binocular (ENVG-B)....
Iridium Signs Five-Year Contract with L3Harris to Protect FAA Critical Infrastructure
Latest deployment of Iridium STL will provide a resilient timing sync service to data center facilities across the U.S. MCLEAN, Va. , April 9, 2024 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ:...
Kanders & Company Announces Definitive Agreement to Acquire Antenna and Test Equipment Businesses from L3Harris
Creates New Fisica Platform to Build and Acquire a Leading Defense Technology Portfolio PALM BEACH, Fla., April 5, 2024 /PRNewswire/ -- Kanders & Company, Inc. ("Kanders"), a U.S.-based single-famil...
L3Harris Announces Definitive Agreement to Sell Non-Core Assets to an Affiliate of Kanders & Company, Inc. for $200 Million
MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) has signed a definitive agreement under which an affiliate of Kanders & Company, Inc. will acquire its antenna and related businesses...
L3Harris Sets Date for First Quarter 2024 Earnings Release
MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) will release first quarter 2024 financial results on Thursday, April 25, 2024, after market close. The company's results will be publ...
Maxar Space Systems selected by L3Harris Technologies to support Tranche 2 Tracking Layer Program
PALO ALTO, Calif.--(BUSINESS WIRE)--Maxar Space Systems, a leading provider of comprehensive space technologies, today announced it has been selected by L3Harris Technologies for the design and produc...