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L3HARRIS TECHNOLOGIES, INC.

(LHX)
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L3Harris Completes Sale of its ESSCO Business

11/29/2021 | 07:02am EST

L3Harris Technologies (NYSE:LHX) has completed the sale of its ESSCO business to Communications & Power Industries (CPI).

ESSCO was part of L3Harris’ Aviation Systems segment and produces radomes for military and commercial use. CPI is a global manufacturer of electronic components and subsystems focused primarily on communications and defense markets.

About L3Harris Technologies

L3Harris Technologies is an agile global aerospace and defense technology innovator, delivering end-to-end solutions that meet customers’ mission-critical needs. The company provides advanced defense and commercial technologies across space, air, land, sea and cyber domains. L3Harris has approximately $18 billion in annual revenue and 47,000 employees, with customers in more than 100 countries. L3Harris.com.

Forward-Looking Statements

This press release contains forward-looking statements that reflect management's current expectations, assumptions and estimates of future performance and economic conditions. Such statements are made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The company cautions investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements. L3Harris disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.


ę Business Wire 2021
All news about L3HARRIS TECHNOLOGIES, INC.
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01/24L3Harris Names Turner Chief Financial Officer as Malave Resigns
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01/24L3Harris Names Michelle Turner Senior Vice President and Chief Financial Officer
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01/24L3Harris Technologies Announces Chief Financial Officer Changes
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01/24L3Harris Technologies Announces Executive Changes
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Analyst Recommendations on L3HARRIS TECHNOLOGIES, INC.
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Financials (USD)
Sales 2021 17 933 M - -
Net income 2021 1 875 M - -
Net Debt 2021 5 725 M - -
P/E ratio 2021 23,6x
Yield 2021 1,87%
Capitalization 42 909 M 42 909 M -
EV / Sales 2021 2,71x
EV / Sales 2022 2,68x
Nbr of Employees 48 000
Free-Float 99,6%
Chart L3HARRIS TECHNOLOGIES, INC.
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Technical analysis trends L3HARRIS TECHNOLOGIES, INC.
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Income Statement Evolution
Consensus
Sell
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Mean consensus BUY
Number of Analysts 20
Last Close Price 218,67 $
Average target price 250,61 $
Spread / Average Target 14,6%
EPS Revisions
Managers and Directors
Christopher Eugene Kubasik Vice Chairman, President, CEO & COO
Jesus Malave Chief Financial Officer & Senior Vice President
William M. Brown Executive Chairman
Ross Niebergall Chief Technology Officer & Vice President
Jacqueline Nevils Chief Information Officer & Vice President
Sector and Competitors