L3Harris Technologies, Inc. (LHX)
| Market Cap | 40.78B |
| Revenue (ttm) | 20.16B |
| Net Income (ttm) | 1.17B |
| Shares Out | 190.09M |
| EPS (ttm) | 6.16 |
| PE Ratio | 34.83 |
| Forward PE | 16.69 |
| Dividend | $4.64 (2.16%) |
| Ex-Dividend Date | Jun 4, 2024 |
| Volume | 2,098,822 |
| Open | 212.05 |
| Previous Close | 207.36 |
| Day's Range | 211.17 - 216.99 |
| 52-Week Range | 160.25 - 218.34 |
| Beta | 0.65 |
| Analysts | Buy |
| Price Target | 234.31 (+9.22%) |
| 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]
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 13 analysts, the average rating for LHX stock is "Buy." The 12-month stock price forecast is $234.31, which is an increase of 9.22% from the latest price.
News
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...
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...
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...
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...
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.
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...
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.
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...
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 ...
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.
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...