L3Harris Technologies, Inc. (LHX)
| Market Cap | 43.51B |
| Revenue (ttm) | 20.16B |
| Net Income (ttm) | 1.17B |
| Shares Out | 189.68M |
| EPS (ttm) | 6.16 |
| PE Ratio | 37.24 |
| Forward PE | 17.13 |
| Dividend | $4.64 (2.02%) |
| Ex-Dividend Date | Sep 6, 2024 |
| Volume | 2,216,140 |
| Open | 239.41 |
| Previous Close | 243.27 |
| Day's Range | 227.11 - 240.27 |
| 52-Week Range | 160.25 - 245.60 |
| Beta | 0.72 |
| Analysts | Buy |
| Price Target | 237.86 (+3.68%) |
| 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 $237.86, which is an increase of 3.68% from the latest price.
News
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L3Harris raised its outlook for 2024 after beating Wall Street estimates for second-quarter profit on Thursday, betting on sustained weapons demand and robust defense spending amid escalating global s...
L3Harris Technologies Reports Strong Second Quarter 2024 Results, Increases 2024 Guidance
MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) reported second quarter 2024 diluted EPS of $1.92, on second quarter revenue of $5.3 billion. Second quarter 2024 non-GAAP diluted E...
How To Earn $500 A Month From L3Harris Technologies Stock Ahead Of Q2 Earnings Report
Analysts expect L3Harris Technologies, Inc. LHX to report second-quarter earnings of $3.18 per share after the closing bell on Thursday, July 25.
L3Harris Announces Quarterly Dividend
MELBOURNE, Fla.--(BUSINESS WIRE)--The Board of Directors of L3Harris Technologies (NYSE:LHX) has declared a quarterly cash dividend of $1.16 per common share, payable Sept. 20, 2024, to shareholders o...
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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 (...
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Passage of supplemental defense aid is 'huge tailwind' for sector, says L3Harris CEO
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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
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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.
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