L3Harris Technologies, Inc. (LHX)

NYSE: LHX · IEX Real-Time Price · USD
194.92
+0.28 (0.14%)
Mar 30, 2023, 11:11 AM EDT - Market open
0.14%
Market Cap 37.02B
Revenue (ttm) 17.06B
Net Income (ttm) 1.06B
Shares Out 189.96M
EPS (ttm) 5.49
PE Ratio 35.49
Forward PE 16.26
Dividend $4.50 (2.31%)
Ex-Dividend Date Mar 9, 2023
Volume 177,021
Open 195.05
Previous Close 194.64
Day's Range 194.39 - 196.04
52-Week Range 189.73 - 264.71
Beta 0.71
Analysts Buy
Price Target 257.36 (+32.03%)
Earnings Date Apr 27, 2023

About LHX

L3Harris Technologies, Inc., an aerospace and defense technology company, provides mission-critical solutions for government and commercial customers worldwide. The company's Integrated Mission Systems segment provides multi-mission intelligence, surveillance, and reconnaissance (ISR) systems; and communication systems, as well as fleet management support, sensor development, modification, and periodic depot maintenance services for ISR and airborne missions. It also manufactures and integrates mission systems for maritime platforms, such as si... [Read more]

Sector Industrials
Founded 1895
Employees 47,000
Stock Exchange NYSE
Ticker Symbol LHX
Full Company Profile

Financial Performance

In 2022, LHX's revenue was $17.06 billion, a decrease of -4.22% compared to the previous year's $17.81 billion. Earnings were $1.06 billion, a decrease of -42.47%.

Financial Statements

Analyst Forecast

According to 28 analysts, the average rating for LHX stock is "Buy." The 12-month stock price forecast is $257.36, which is an increase of 32.03% from the latest price.

Price Target
$257.36
(32.03% upside)
Analyst Consensus: Buy
Stock Forecasts

News

L3Harris to Assist in Development of Modular Open Systems for US Army Ground Vehicles

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) announced today a Cooperative Research and Development Agreement (CRADA) with the U.S. Army's Combat Capabilities Development Comman...

2 days ago - Business Wire

L3Harris Statement on Aerojet Rocketdyne Shareholder Vote

MELBOURNE, Fla.--(BUSINESS WIRE)--Today Aerojet Rocketdyne (NYSE: AJRD) shareholders overwhelmingly approved all necessary proposals to complete L3Harris Technologies' (NYSE: LHX) acquisition of the c...

Other symbols: AJRD
1 week ago - Business Wire

The 7 Best Defense Stocks to Buy for Our Dangerous World

The best defense stocks may have a banner year ahead. Last year, Russia's invasion of Ukraine began.

Other symbols: GDHEIHWMLMTNOCRTX
2 weeks ago - InvestorPlace

L3Harris Statement on Second Request from Federal Trade Commission

MELBOURNE, Fla.

2 weeks ago - Business Wire

Pentagon Budget Grows. Defense Stocks Don't.

The U.S. defense budget is going higher. Defense stocks are barely budging.

Other symbols: LMTNOCRTX
2 weeks ago - Barrons

L3Harris to Design and Build NOAA's Next-Generation Geostationary Weather Imager

Provides real-time, high-resolution visible and infrared imagery to monitor Earth's weather, oceans and environment.

2 weeks ago - Business Wire

L3Harris Exceeds Greenhouse Gas Emission Reduction Goal

Emissions is one of several goals tracked in L3Harris' annual Sustainability Report released today

2 weeks ago - Business Wire

7 Value-Trap Stocks That Will Punish the Bagholders

Markets will exploit investors who are too patient and forgiving on companies that are the value traps. These companies mask as deeply discounted companies that appear to have plenty of margin of safe...

Other symbols: CHGGCSFGMMDTTDOC
3 weeks ago - InvestorPlace

Maxar Awards L3Harris Large Deployable Reflectors Contract

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) today announced a contract from Maxar Technologies to design and build reflector antennas for two geostationary communication satell...

Other symbols: MAXR
3 weeks ago - Business Wire

L3Harris Viper Shield Electronic Warfare System Awarded Long-Lead Material Contract to Accelerate Global Production

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) today announced receiving an undefinitized contract from Lockheed Martin to procure long-lead material for the Viper Shield electron...

3 weeks ago - Business Wire

TXT vs. LHX: Which Stock Should Value Investors Buy Now?

TXT vs. LHX: Which Stock Is the Better Value Option?

Other symbols: TXT
1 month ago - Zacks Investment Research

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 $1.12 to $1.14, commenci...

1 month ago - Business Wire

AEROJET ROCKETDYNE INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Aerojet Rocketdyne Holdings, Inc. - AJRD

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Aerojet Rocketdy...

Other symbols: AJRD
1 month ago - Business Wire

L3Harris CEO and CFO to Present at Barclays Industrial Select Conference

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) Chair and CEO, Chris Kubasik, and Chief Financial Officer, Michelle Turner, will present at the Barclays Industrial Select Conferenc...

1 month ago - Business Wire

7 Stocks to Buy for the Next Frontier of Space Exploration

Space stocks are on the launchpad. Should all go well, the industry could be worth up to $800 billion by 2030, says UBS, as reported by Forbes.

Other symbols: ARKXASTRITALMTROKTSPCE
1 month ago - InvestorPlace

L3Harris Releases Diversity, Equity and Inclusion Annual Report for 2022

Marks steady progress toward company's Diversity, Equity and Inclusion goals. Recognized as a top company in major external Diversity, Equity and Inclusion indices.

1 month ago - Business Wire

L3Harris Selected to Train All Pilots for Japan's Leading Airline

Expands previous agreement with Peach Aviation to include All Nippon Airways pilots. Enables All Nippon Airways to meet future pilot demand.

1 month ago - Business Wire

L3Harris Named Among FORTUNE's Most Admired Companies of 2023

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) announced today being named one of FORTUNE's World's Most Admired Companies for 2023. The company scored favorably in the categori...

2 months ago - Business Wire

L3Harris Viper Shield Electronic Warfare System Achieves Critical Design Review Milestone

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) announced today achieving a critical design review (CDR) milestone for the Viper Shield electronic warfare (EW) system, which will...

2 months ago - Business Wire

Defense Execs Are Talking Up High Demand. The Market Isn't Buying It.

Analysts are wary of defense stocks as Republicans push for cuts to U.S. government spending.

Other symbols: LMTNOCRTX
2 months ago - Barrons

L3Harris (LHX) Reports Q4 Earnings: What Key Metrics Have to Say

While the top- and bottom-line numbers for L3Harris (LHX) give a sense of how the business performed in the quarter ended December 2022, it could be worth looking at how some of its key metrics compar...

2 months ago - Zacks Investment Research

L3Harris (LHX) Q4 Earnings Beat Estimates, Sales Up Y/Y

L3Harris' (LHX) Q4 revenues of $4,578 million beat the Zacks Consensus Estimate by 5.7%. Revenues increase 5.2% from the year-ago quarter's $4,350 million.

2 months ago - Zacks Investment Research

L3Harris Revenue Beats Expectations, Helped by Defense Spending. The Stock Is Rising.

The U.S. defense contractor says 'increased demand and focus on global defense spending have been sustained for another quarter, supporting strong orders for L3Harris capabilities.'

2 months ago - Barrons

L3Harris (LHX) Q4 Earnings and Revenues Beat Estimates

L3Harris (LHX) delivered earnings and revenue surprises of 1.87% and 5.66%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

2 months ago - Zacks Investment Research