L3Harris Technologies, Inc. (LHX)

NYSE: LHX · IEX Real-Time Price · USD
202.62
+0.23 (0.11%)
At close: Apr 12, 2024, 4:00 PM
204.23
+1.61 (0.79%)
After-hours: Apr 12, 2024, 7:59 PM EDT
0.11%
Market Cap 38.52B
Revenue (ttm) 19.42B
Net Income (ttm) 1.23B
Shares Out 190.09M
EPS (ttm) 6.44
PE Ratio 31.46
Forward PE 15.75
Dividend $4.64 (2.29%)
Ex-Dividend Date Mar 7, 2024
Volume 927,664
Open 203.45
Previous Close 202.39
Day's Range 201.52 - 205.48
52-Week Range 160.25 - 218.34
Beta 0.65
Analysts Buy
Price Target 234.00 (+15.49%)
Earnings Date Apr 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]

Sector Industrials
Founded 1895
Employees 50,000
Stock Exchange NYSE
Ticker Symbol LHX
Full Company Profile

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 Statements

Analyst Forecast

According to 12 analysts, the average rating for LHX stock is "Buy." The 12-month stock price forecast is $234.0, which is an increase of 15.49% from the latest price.

Price Target
$234.0
(15.49% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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:...

Other symbols: IRDM
4 days ago - PRNewsWire

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...

8 days ago - PRNewsWire

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...

8 days ago - Business Wire

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...

12 days ago - Business Wire

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...

5 weeks ago - Business Wire

L3Harris Announces Quarterly Dividend Increase

MELBOURNE, Fla.--(BUSINESS WIRE)--The Board of Directors of L3Harris Technologies (NYSE:LHX) approved an increase in the company's per share quarterly cash dividend rate from $1.14 to $1.16 commencing...

7 weeks ago - Business Wire

US Department of Defense Launches L3Harris Missile Tracking Satellites

MELBOURNE, Fla.--(BUSINESS WIRE)--Five missile tracking satellites L3Harris Technologies (NYSE:LHX) designed and built successfully launched from Cape Canaveral Space Force Station, Florida, as part o...

2 months ago - Business Wire

L3Harris to Present at Upcoming Investor Conferences

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) Chair and CEO Christopher E. Kubasik and Chief Financial Officer Ken Bedingfield will attend Citi's Global Industrial Tech and Mobili...

2 months ago - Business Wire

L3Harris' fourth-quarter results top estimates on weapons demand

L3Harris beat estimates for fourth-quarter profit on Thursday, benefiting from higher weapons demand and increased global defense spending amid escalating security concerns.

2 months ago - Reuters

L3Harris Technologies Reports Fourth Quarter and Full-Year 2023 Results; Initiates 2024 Guidance

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies, Inc. (NYSE: LHX) reported fourth quarter and full-year 2023 results, and initiated 2024 financial guidance. “We delivered on our 2023 financial...

2 months ago - Business Wire

Investing in Space: Pentagon's satellite constellation awards near $10 billion

The Space Development Agency ordered nearly $10 billion in satellites for a new network known as the "Proliferated Warfighter Space Architecture," or PWSA.

Other symbols: LMTNOCRKLB
3 months ago - CNBC

Space Development Agency Awards L3Harris $919 Million Contract to Build Satellites for Missile Tracking Program

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) received a contract with a potential value of up to $919 million to design and build 18 infrared space vehicles for the Space Develop...

3 months ago - Business Wire

Pentagon awards $2.55 bln worth of contracts to L3Harris, Lockheed, Sierra Space

L3Harris Technologies , Lockheed Martin and Sierra Space have won separate contracts from the Pentagon to deliver and operate 18 satellites related to the agency's missile-tracking efforts, the Space ...

Other symbols: LMT
3 months ago - Reuters

Pentagon awards $2.5 billion in satellite contracts to L3Harris, Lockheed Martin and Sierra Space

The Space Force unit on Tuesday announced about $2.5 billion in satellite contracts would go to L3Harris, Lockheed Martin, and Sierra Space.

Other symbols: LMT
3 months ago - CNBC

Booz Allen and L3Harris to Accelerate CJADC2 Solution

MCLEAN, Va.--(BUSINESS WIRE)--Booz Allen Hamilton (NYSE: BAH) today announced it will collaborate with L3Harris Technologies (NYSE: LHX) on advancing leading mission system integration capabilities to...

Other symbols: BAH
3 months ago - Business Wire

16 Favorite Manufacturing Stocks, According to Wall Street

A new year means a chance to pick so new stocks for a portfolio.

Other symbols: BABLDCWSTFDXFLSGMGNRC
3 months ago - Barrons

L3Harris Sets Date for Fourth Quarter Earnings Release

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) will release financial results for its fourth quarter on Thursday, Jan. 25, 2024, after market close. The company's results will be p...

3 months ago - Business Wire

L3Harris to suspend M&A program for 'foreseeable future'

U.S. defense contractor L3Harris said on Tuesday it would suspend its merger and acquisition activity for the "foreseeable future" to strengthen balance sheet and forecast full-year revenue above anal...

4 months ago - Reuters

L3Harris Details Financial Objectives and Value Creation Strategy at 2023 Investor Day

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) today hosted its 2023 Investor Day at which it provided an in depth review of the company's financial objectives and value creation s...

4 months ago - Business Wire

L3Harris to Host Investor Day

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) will host its Investor Day today in person and via webcast from 9 a.m. to 12:30 p.m. ET at the company's Florida headquarters. Instru...

4 months ago - Business Wire

L3Harris Continues Board Refreshment and Provides Update on Shareholder Value Creation Activities

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (“L3Harris”) (NYSE: LHX) today announced that its Board of Directors has appointed Kirk S. Hachigian, former Chair and CEO of JELD-WEN Holding, ...

4 months ago - Business Wire

L3Harris Names Ken Bedingfield Senior Vice President and Chief Financial Officer

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) today announced that it has appointed Kenneth “Ken” L. Bedingfield as Senior Vice President and Chief Financial Officer (CFO), repor...

4 months ago - Business Wire

TJC Agrees to Acquire L3Harris' Commercial Aviation Solutions Business

NEW YORK--(BUSINESS WIRE)--TJC, L.P. (“TJC”), announced today that an affiliate of the Resolute Fund VI, L.P. (“Resolute VI”) has entered into a definitive agreement with L3Harris Technologies (NYSE:L...

4 months ago - Business Wire

L3Harris to sell its commercial aviation solutions business for $800 mln

L3Harris Technologies is selling its commercial aviation solutions business to private equity firm TJC L.P. for $800 million, the defense company said on Monday.

4 months ago - Reuters

L3Harris Technologies Announces Definitive Agreement to Sell its Commercial Aviation Solutions Business to TJC for $800 Million

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) today announced the signing of a definitive agreement under which an affiliate of TJC L.P. will acquire L3Harris' Commercial Aviatio...

4 months ago - Business Wire